ITT to Sponsor Engineering Talent Development Program in China

Collaboration with local partners will build platform for growth and success of industry

Business Wire

WUXI, China--(BUSINESS WIRE)--

ITT Corporation (ITT) announced today plans to sponsor an engineering talent development program in China working in cooperation with local partners, including Science and Technology Daily and TusPark Co. Ltd. The program will focus on accelerating the development of the engineering and manufacturing industry by cultivating China’s engineering technology talent, improving research and development capabilities, and enhancing the quality of micro and small enterprises.

The program will include both an education program and innovation competition. Both initiatives will be focused on cooperatively sharing knowledge and best practices that give students additional opportunities to receive integrated training and guidance about innovation and R&D. Through the development of this platform, the partners expect to help improve the international competitiveness of China’s manufacturing and engineering industry.

“As a diversified leading manufacturer, ITT has a long history in China and has been part of the rapid development of the Chinese economy and industry,” said Denise Ramos, ITT chief executive officer and president. “ITT will bring its leading manufacturing technologies, as well as best practices developed over a century of operation, to build an international platform for the growth and success of the new generation of talent in the engineering industry.”

Jing Yang, the League Secretary of Science and Technology Daily said: “With the purpose of supporting the growth of young engineers in China and developing small and medium engineering businesses, the ITT Engineering Talent Development Program in China will create an international communication and cultivation system based on the integration of production, education, research and application. By fully leveraging the “think tanks” – such as entrepreneurs, scholars and media – we aim to provide Chinese young engineers and small and medium engineering businesses with a global vision and market vitality under the circumstances where China is undergoing economic transformation and the upgrade of manufacturing industries.”

Quanhong Shen, general manager for TusPark Co. Ltd said: “Modern manufacturing is playing a more crucial role in the Chinese economy and the implementation of this project will stimulate the creativity of our engineering manufacturing talent. Through this partnership and TusPark’s advanced and mature platform, the transformation of scientific and technological achievement will be accelerated and the development of modern manufacturing will be boosted by the power of science.”

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2012 revenues of $2.2 billion. For more information, visit www.itt.com.

About ITT China

ITT Corporation’s origins in China can be traced to the 1920s. As early as 1928, ITT installed the first telephone exchange system in Shanghai. In 1996 ITT (China) Investment Co., Ltd. was established in Beijing, which greatly promoted its investment and development. ITT China has more than 1,200 employees and manufacturing facilities in Shanghai, Wuxi and Shenzhen. In 2012, ITT sales revenue in China and Hong Kong reached $114 million.

About Science and Technology Daily

Science and Technology Daily is hosted and supervised by China’s Ministry of Science and Technology (MOST). It is the largest science and technology media source in China and is highly influential in engineering related industries. Topics covered in Science and Technology Daily include IT, medicine and military developments. The newspaper has a circulation of more than 300,000 per issue in China. Readership includes decision makers, government officials, professionals and technicians in science technology.

The Youth League Committee of the Communist Youth League of China in Science and Technology Daily is the department responsible for Chinese youth development programs. By leveraging Science and Technology Daily’s media resources, the department is able to carry out research and study on nationwide education and youth skill development initiatives. In the meantime, the department contributes the research findings to policy making of the Ministry of Science & Technology and Ministry of Education. The department has solid relationships with Chinese academia for various kinds of talent training and development programs.

About Tsinghua TusPark Co., Ltd.

The Tsinghua University Science Park (TusPark) was set up in August 1994 by Tsinghua University, and has more than 30 branches in Beijing, Shanghai, Guangzhou and other major cities in China. TusPark (Beijing) is presently the largest university science park in the world. As

an extension of Tsinghua University’s social services, TusPark provides a platform for promising pioneer enterprises and talents with innovative ideas to rapidly take their ideas from the lab to the market. In addition to its strong connection with Tsinghua University, TusPark has a strong relationship with many local governments in different provinces in China.

Contact:
ITT Corporation
Investors:
Melissa Trombetta, +1 914-641-2030
melissa.trombetta@itt.com
or
Media:
Kathleen Bark, +1 914-641-2103
kathleen.bark@itt.com

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