ITT Celebrates Innovative Legacies of its Goulds Pumps and Bornemann Brands

April 12, 2018

Observes seventh-annual Pump Appreciation Day

SENECA FALLS, N.Y.–(BUSINESS WIRE)–In the mid-1800s, two companies came to life – Goulds Pumps in upstate
New York and Bornemann in Lower Saxony, Germany – that would shape the
future of the global pump industry through their innovative technologies
and solutions.

This week, these legacy brands, which are now part of ITT
Inc. (NYSE: ITT), are celebrating milestone anniversaries as well as
their engineered solutions that have helped their global customers solve
their most challenging problems for more than 160 years.

Immediately after its founding in 1848, Goulds
Pumps produced the world’s first all-metal pump, a significant
innovation that helped shape industrialization. Over the years, Goulds
Pumps has introduced innovations that include other industry firsts such
as their extensive series of ANSI process pumps, as well as the XHD
next-generation slurry pump, VICR compact vertical multi-stage low-flow
pump and the i-ALERT® asset intelligence monitoring solution.

Bornemann
has been setting the pace in positive displacement pump technology since
its founding in 1853. It patented a twin-screw pump with external
bearings in 1934 and has since maintained a steady stream of innovation,
including multiphase pumps for the oil and gas industry and hygienic
pumps for the food and pharmaceutical industries.

“We are proud of the legacy of innovation that these two brands
represent, which has made them recognized and trusted globally for many
years,” said David Malinas, president of ITT’s Industrial Process
business. “Our teams are also proud that the spirit that animated that
success drives everything we do today to create ever-more innovative
solutions, deliver a superior customer experience and improve efficiency
and the lowest total cost of ownership in partnership with our
customers.”

ITT
Inc.’s Goulds Pumps, Bornemann and PRO Services brands also observed
this week the seventh-annual Pump
Appreciation Day, a global event that celebrates pumps as the heart
of industry, raises awareness of the value of pumps to modern
manufacturing, and honors those who work in the industry and help drive
the world forward.

This year, 14 organizations and their representatives will be presented
with the Heart and Pulse of Industry Award. This award recognizes
companies, plants and individuals whose operational excellence and use
of pump technology advance plant processing, customer service and our
overall way of life through improved reliability, efficiency and lower
cost of ownership.

In addition to Pump Appreciation Day events and award programs, an
online World
of Pumps Quiz launched today that tests participants’ knowledge of
the pump industry and its products through one question a week for the
next 20 weeks. Last year’s quiz attracted close to 11,000 unique
visitors from 90 countries.

For more information regarding Pump Appreciation Day, visit www.pumpappreciationday.com
or follow the hashtag #PAD18 from the @ITTGouldsPumps
Twitter handle.

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.
ITT is headquartered in White Plains, N.Y., with employees in more than
35 countries and sales in approximately 125 countries. The company
generated 2017 revenues of $2.6 billion. For more information, visit www.itt.com.

ITT’s Industrial Process business is a global manufacturer of industrial
pumps, valves, monitoring and control systems, and aftermarket services
for the biopharmaceutical, food and beverage, chemical, oil and gas,
mining, pulp and paper, power and general industrial markets through
leading brands including Goulds
Pumps (www.gouldspumps.com),
Bornemann
(www.bornemann.com),
PRO
Services (www.ittproservices.com),
Engineered
Valves (www.engvalves.com)
and C’treat
(www.ctreat.com).