Waukesha Electric Systems signs agreement with Cooper Power Systems for transformer and substation coolant

Waukesha, WI, June 11, 2003 — Waukesha Electric Systems, Inc. and Cooper Power Systems, Inc. have an agreement in which the WES Service organization will provide field retrofill services using Cooper Power Systems’ new environmentally-friendly Envirotemp® FR3(TM) coolant for transformers and substation equipment.

Envirotemp FR3 is a biodegradable vegetable-oil-based dielectric coolant specifically formulated for use in electrical distribution and power equipment.

“We are excited about the many benefits that FR3 technology can offer our customers,” stated Nancy M. Dickman, President of Waukesha Electric Systems. “FR3 can provide significant cost savings and technical benefits when compared with the petroleum-based coolants traditionally used in substation equipment, including improved fire and environmental safety as well as extending the performance life of transformers.”

Steve Benna, Cooper Power Systems’ Vice-President Marketing, added, “The recently expanded WES Service organization is well-positioned as an industry leader in electrical power equipment asset management. Cooper’s revolutionary FR3 product, coupled with the industry’s premier service organization, offers power equipment owners the ideal combination for maximizing the reliability and performance life of their capital investment.”

Additional information on Envirotemp® FR3TM can be found at http://www.cooperpower.com/longlife/.

Cooper Power Systems is a subsidiary of Cooper Industries, a diversified worldwide manufacturer of products to the electrical, commercial, and industrial markets. CPS manufactures distribution transformers, distribution switchgear, dielectric fluids, reclosers, capacitors, protective relays, voltage regulators, automated switches, cable accessories, surge arresters, transformer components, fuses, pole-line hardware, tools and engineering services for the electrical and industrial markets.

Waukesha Electric Systems is a unit of SPX Corporation, a global provider of technical products and systems, industrial products and services, flow technology and service solutions. The company is the largest manufacturer of power transformers in the United States and is a source for engineered switchyards, substations and transmission lines, as well as compact modular substations and service support. In addition to its PSD subsidiary in Canton, OH (for EPC projects), Waukesha Electric Systems has manufacturing operations in Waukesha, WI; Goldsboro, NC; and Dallas, TX and Service Centers throughout North America. Markets served include public power, investor owned utilities, merchant power providers, and industrial/commercial firms.

For additional company information, visit www.waukeshaelectric.com.

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