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For Immediate Release: March 22, 2015 SGS Refrigeration and SPX Cooling Technologies Announce Partnership to Produce and Sell Evaporative Condensers SGS Refrigeration Inc., Dixon, Illinois and SPX Cooling Technologies, Inc., Overland Park, Kansas announce the introduction of a new line of evaporative condensers to meet the demands of the industrial refrigeration market. The new Marley® Cube™ Series includes a broad range of forced draft and induced draft evaporative condenser models designed to address the market’s needs for high quality components and construction, responsive service and quick and easy installation. “We wanted the product to bear the Marley brand name because Marley has represented cooling product innovation and quality ever since its cooling tower products were introduced in the 1920’s,” explained Peter Spellar, President of SGS Refrigeration. “The Cube product concept emerged as the design took shape. The cube represents the power of the three elements – quality, responsiveness and partnership – that define the product and service attributes we feel are essential.” The Marley Cube evaporative condensers are jointly designed and produced by SPX Cooling Technologies, Inc. and SGS Refrigeration Inc. at their manufacturing plants in the United States. The products are marketed by SGS Refrigeration through their network of Sales Representatives. “It’s important to us that we build a quality evaporative condenser that is not only equal in performance to other available products but also offers some strong customer advantages,” according to Randy Powell, General Manager of SPX Cooling Technologies – Americas. “Through our partnership with SGS, the Marley Evaporative Condenser accomplishes our goal.” “With the addition of the Marley Cube evaporative condensers to the SGS broad evaporator offering, we provide one of the most extensive airside product lines available in the industry,” stated Ed Schinner, Vice President of SGS. “This partnership with SPX provides our customers with one very reliable source for their airside equipment needs and will have a very positive impact on product selection and compatibility.” The products will debut at the International Association of Ammonia Refrigeration (IIAR) Conference and Exhibition in San Diego, California on March 22-25, 2015. 1|Page About SGS Refrigeration, Inc. SGS Refrigeration Inc., founded in 2010 by industry veterans Peter Spellar and Ed Schinner, combines their more than 80 years of combined experience in the Industrial Refrigeration and Commercial Air Conditioning Industries and expertise in Research and Development, Manufacturing, Sales and Marketing, Mergers and Acquisitions and Executive Leadership. In March of 2013, SGS Refrigeration Inc. acquired the assets of the Krack Industrial Refrigeration business from Krack Corporation, a wholly-owned subsidiary of Hussmann Corporation. SGS relocated Krack manufacturing from Monterrey, Mexico to a new SGS facility in Dixon, Illinois later that year. The SGS product offering includes axial-fan and centrifugal evaporators and product coolers used in a broad range of commercial and industrial refrigeration processes. For more information, visit the website at www.sgsrefrigeration.com. About SPX Cooling Technologies, Inc. SPX Cooling Technologies, Inc. is a leading global manufacturer of cooling towers, air-cooled condensers and other heat exchangers, providing full-service cooling solutions and support to customers in the power generation, petrochemical, industrial, refrigeration, and heating, ventilation and air conditioning (HVAC) markets for more than 100 years. For more information, visit the website at www.spxcooling.com. SPX Cooling Technologies and its product brands are part of SPX Corporation. Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global, multi-industry manufacturing leader with approximately $5 billion in annual revenue, operations in more than 35 countries and over 14,000 employees. The company's highly-specialized, engineered products and technologies are concentrated in Flow Technology and energy infrastructure. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand for electricity and processed foods and beverages, particularly in emerging markets. The company's products include food processing systems for the food and beverage industry, critical Flow components for oil and gas processing, power transformers for utility companies, and cooling systems for power plants. For more information, visit the website at www.spx.com. -30For additional information contact: John Papastavrou Evaporative Condenser Product Manager SGS Refrigeration Inc. Dixon, Illinois 61021 727-458-1428 [email protected] Deborah Kenny Marketing Manager SPX Cooling Technologies, Inc. Overland Park, Kansas 66212 913-664-7554 [email protected] 2|Page Aatt 3|Page