Business News

Curtiss-Wright Awarded Multi-Million Dollar Order for Deltaguard(R) Systems

2008-08-18 07:00:00

         To Supply 10 of the Automated Coke Drum Unheading Systems



    ROSELAND, N.J., Aug. 18 /EMWNews/ -- Global Supplies has

awarded Curtiss-Wright Corporation (NYSE: CW) a multi-million dollar

contract for 10 top and bottom DeltaGuard automated coke drum unheading

systems. The units are expected to be installed at the Essar Oil Vadinar

Refinery located in Gujarat, India by October 2009.



    "Curtiss-Wright is a worldwide leader in delivering unique solutions

that ensure safety and improve operating efficiency within the oil refining

industry. We are pleased to be partnering with Essar to provide critical

equipment for their delayed coker units," said Martin R. Benante, Chairman

and Chief Executive Officer of Curtiss-Wright. "Curtiss-Wright continues to

experience strong demand for our refinery-related products, which have

steadily gained an industry-leading reputation for providing unparalleled

safety, reduced cycle times, increased throughput and minimized maintenance

costs."



    The DeltaGuard device safely opens the top or bottom of a coke drum (an

action called "unheading") during the delayed coking process, which

generates extreme temperature and pressure conditions. Unlike other

unheading systems, the remotely operated DeltaGuard system creates a

totally enclosed coking system, eliminating safety risks to personnel

during the unheading process. With the Essar installation, the total number

of installed DeltaGuard systems will rise to 254, representing nearly 34%

of the worldwide market.



    Global Supplies of Dubai, UAE is the international procurement arm of

Essar Global Limited, a diversified corporation with a portfolio of assets

in a variety of manufacturing and services sectors. Essar Oil Limited is a

fully integrated oil company in the corporation's energy sector. Essar

Oil's assets include the Vadinar Refinery, a 10.5 million metric ton per

annum (MMTPA) refinery that the company is expanding to 34 MMTPA at a

projected cost of approximately $6 billion. It also owns development rights

in proven exploration regions in India and abroad and a downstream retail

network of over 1,250 fuel stations, with the supporting infrastructure,

throughout India.



    About Curtiss-Wright



    Curtiss-Wright Corporation is a diversified company headquartered in

Roseland, N.J. The company designs, manufactures and overhauls products for

motion control and flow control applications, and provides specialized

metal treatment services. The firm employs approximately 7,600 people

worldwide. For more information about Curtiss-Wright, visit

http://www.curtisswright.com.



    About Curtiss-Wright Flow Control



    Headquartered in Falls Church, VA, Curtiss-Wright Flow Control is the

flow control segment of Curtiss-Wright Corporation. Curtiss-Wright Flow

Control specializes in the design and manufacture of highly engineered

valves, pumps, motors, generators, electronics and related products for the

commercial nuclear power industry, oil and gas processing facilities and a

range of critical military programs. For more information, visit

http://www.cwfc.com .



    This press release contains forward-looking statements made pursuant to

the Safe Harbor provisions of the Private Securities Litigation Reform Act

of 1995. Such statements, including statements relating to Curtiss-Wright

Corporation's expectations of the value of the contract, the continued

relationship with an existing customer, the successful completion of this

contract and future opportunities associated with this contract, are not

considered historical facts and are considered forward-looking statements

under the federal securities laws. Such forward-looking statements are

subject to certain risks and uncertainties that could cause actual results

to differ materially from those expressed or implied. Readers are cautioned

not to place undue reliance on these forward-looking statements, which

speak only as of the date hereof. Such risks and uncertainties include, but

are not limited to: a reduction in anticipated orders; an economic

downturn; changes in competitive marketplace and/or customer requirements;

a change in US and Foreign government spending; an inability to perform

customer contracts at anticipated cost levels; and other factors that

generally affect the business of aerospace, defense contracting, marine,

electronics and industrial companies. Please refer to the Company's current

SEC filings under the Securities and Exchange Act of 1934, as amended, for

further information.





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