ITT Corp. Showcases Latest Offerings at ACHEMA 2015 - Analyst Blog
Premium manufacturer of engineered critical components and customized technology solutions, ITT Corporation ITT recently launched a series of innovative products and technologies at the ongoing 2015 ACHEMA Exhibition and Congress in Germany. This initiative reflects the company’s focus toward fostering innovation.
More than 3,800 companies have taken part in the congregation, which is one of the most coveted events for process industries all over the world. ITT has unveiled the following innovations at ACHEMA 2015:
i-Alert 2
The company’s PRO Services brand showcases an innovative health monitor machine called i-ALERT 2. The latest device, which runs on a Bluetooth Smart-enabled technology, can be deployed in multiple global industrial environments which add to its commercial appeal.
The latest version of i-ALERT 2 comes with a number of attractive features that makes it appropriate for continuous health care monitoring. For instance, it has tools for checking vibration, temperature and run-time monitoring. Based on the competence of real-time records, i-ALERT 2 can also detect a system failure in advance. Moreover, it can be run on mobile devices using i-ALERT2 app that makes it suitable for on-the-go clients.
Pumps and Valves
Other brands of the company, too, will showcase latest pump and valve innovations to woo investors. ITT plans to launch Bornemann's Twin-Screw Pumps, Engineered Valves' Pure-Flo EnviZion Valve and Goulds Pumps' IC ISO Chemical Process Pump.
While the Twin-Screw Pumps will amaze customers with its ability to treat any type of non-homogenous fluid irrespective of viscosity, lubricity and abrasiveness; Pure-FloEnviZion valves will impress them with its ability to reduce maintenance time of critical components.
The ISO Chemical process pumps feature patented cyclone seal chambers that create a robust seal environment for toxic substances. It will help reduce the pumping life-cycle costs.
In Conclusion
ITT remains committed toward developing highly engineered solutions to exceed the expectations of its clients every time it launches something new. The latest products will likley provide a significant boost to the company’s Industrial Process division that builds pumps, valves, monitoring and control systems for a wide range of industries. This should provide some cushion to the segmental revenues which had declined 11% year over year to $255.6 million in the first quarter of 2015. We believe the company’s decision to launch its products in ACHEMA 2015 marks a brilliant marketing strategy, as this will help in spreading the appeal of its products to maximum number of global clients.
ITT currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the space include Shanghai Industrial Holdings Limited SGHIY, Hitachi Ltd. HTHIY and Willdan Group, Inc. WLDN. All three stocks carry a Zacks Rank #2 (Buy).
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