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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/