Curtiss-Wright Books Record Orders For DeltaGuard(R) Systems
10 11월 2004 - 2:43AM
PR Newswire (US)
Curtiss-Wright Books Record Orders For DeltaGuard(R) Systems
Revolutionary Coke Drum Unheading Technology Provides Increased
Safety and Throughput for Oil Refining Industry ROSELAND, N.J.,
Nov. 9 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE:
CW; CW.B) has received record orders for its patented DeltaGuard(R)
technology. The DeltaGuard is a revolutionary, fully-automated,
inherently safe coke drum unheading system which, in addition to
dramatically improving safety, provides significant economic
advantages to refiners. Orders include more than 50 complete
systems to 10 different domestic and international refining
companies worldwide, representing approximately 17% of the total
coke drums in the United States, and approximately 8% of the total
coke drums worldwide. This product, which was developed by the
Company's DeltaValve(R) division, a unit of the Flow Control
segment of Curtiss-Wright Corporation, has become the global
standard in the industry. For oil refinery operators, coke drum
unheading has been an inherently dangerous process for decades. The
U.S. Occupational Safety and Health Administration (OSHA) recently
published an informational bulletin titled "Hazards of Delayed
Coker Unit (DCU) Operations" in which it recommends "automating
both top and bottom head removal operations to keep workers away
from these unprotected areas." A primary method of refining crude
oil into gasoline, jet and diesel fuel requires a process known as
delayed coking. Delayed coking is a thermal cracking process
achieved through heating crude oil to an extremely high temperature
and pumping it into large pressurized drums. This process breaks
the heavy crude oil into lighter, more valuable fluids which are
vaporized and removed, while the solid, unconverted, coal-like
byproduct called "coke" remains in the drum. Due to the extreme
temperatures required in the process and volume of the coke,
unheading, or opening the drum to remove the coke, has the
potential to be one of the most dangerous refinery operations and
has been the cause of numerous severe accidents. "After installing
the first DeltaGuard in our Salt Lake City refinery in September
2001, we expedited the installation of the system on all remaining
drums companywide, completing this project in December 2003. The
DeltaGuard provides significant safety advantages over all other
currently available unheading equipment because it eliminates
exposure risks to personnel and the atmosphere," said Dale Wilborn,
ChevronTexaco El Segundo Coker Projects Manager and Corporate
Delayed Coker Best Practices Team member. "In addition to the
safety benefits, the DeltaGuard has demonstrated exceptional
reliability, achieving an unprecedented 100% up-time operating
performance, and has fully achieved all of our project team's
goals, desires, and expectations." "DeltaValve's automated
DeltaGuard unheading technology sets a higher standard for safety
within the oil refining industry worldwide," said Martin R.
Benante, Chairman and CEO of Curtiss-Wright. "In addition to being
inherently safe, this innovative system offers the unmatched
economic advantages of shorter cycle times and reduced maintenance
expenses, and most significantly, the technology required by
refiners to process less expensive grades of crude oil. About
Curtiss-Wright Corporation Formed in 1929, Curtiss-Wright
Corporation (NYSE: CW; CW.B) is the legacy company of Glenn Curtiss
and the Wright brothers' pioneering achievements which gave birth
to the aviation industry. Today, Curtiss-Wright continues to focus
on innovation as a diversified, global provider of highly
engineered, technologically advanced products and services for
military, commercial, and industrial applications. The Company
designs, manufactures and overhauls products for motion control and
flow control applications, and provides metal treatment services.
Headquartered in Roseland, New Jersey, Curtiss-Wright employs
approximately 5,500 people worldwide. For more information, visit
http://www.curtisswright.com/. About Curtiss-Wright Flow Control
Headquartered in Farmingdale, New York, Curtiss-Wright Flow Control
("CWFC") is the Flow Control segment of Curtiss-Wright Corporation.
Founded in 1951, CWFC specializes in the design and manufacture of
highly engineered valves, pumps, electronics and related products
for naval propulsion systems. Today, CWFC's sophisticated products
are installed on every nuclear submarine and aircraft carrier
commissioned by the United States Navy and an integral part of
worldwide commercial nuclear power plants, oil and gas processing
and refining facilities, automotive and general industrial markets.
For more information, visit http://www.cwfc.com/. About DeltaValve
DeltaValve, a division of Curtiss Wright Flow Control, the Flow
Control segment of Curtiss-Wright Corporation, is a world leader in
delayed coking solutions. Headquartered in South Jordan, Utah, the
company designs, engineers, and manufactures a complete line of
industrial products for the delayed coking and flow control
industries. For more information, visit http://www.deltavalve.com/.
Forward-looking statements in this release are made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. This release contains forward looking statements
regarding a new product line, the potential increase in market
share from the continued successful operation of this new product
line, and the ongoing success of this new product line. 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 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, electronic 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. DATASOURCE: Curtiss-Wright Corporation CONTACT:
Alexandra Magnuson of Curtiss-Wright Corporation, +1-973-597-4734
Web site: http://www.curtisswright.com/ http://www.cwfc.com/
http://www.deltavalve.com/
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