|By Business Wire||
|May 5, 2014 06:45 AM EDT||
Magnetek, Inc. (NASDAQ: MAG), a leading supplier of digital power and motion control systems, today announced the availability of wireless controls certified for use in potentially hazardous locations. The Company received both ATEX and IECEx certifications for their XLTX and MLTX2 wireless controls.
Magnetek's ATEX and IECEx certified wireless controls (Photo: Business Wire)
“We are pleased to receive the ATEX and IECEx certifications for our XLTX and MLTX2 transmitters, as these wireless controls are now certified to control equipment used worldwide in oil and gas applications, an important market initiative for us,” said Ben Stoller, director of radio controls. “Other potentially hazardous locations where these wireless controls may be applied include petrochemical operations, above ground mining, and chemical plants.”
ATEX compliance, required by the European Union, certifies that Magnetek wireless controls are safe to use in potentially explosive areas with flammable gases or vapors. IECEx equipment certification signifies that Magnetek’s wireless controls conform to international safety standards for environments where a potential exists for explosions.
“End user acceptance of the stringent ATEX and IECEx standards is typical in North America and worldwide,” said Stoller. “So these certifications should have a positive impact on our radio control business in North America as well as globally.”
For more information about Magnetek’s ATEX and IECEx certified transmitters or any of Magnetek’s advanced wireless controls, visit the Company’s website at www.magnetek.com.
Magnetek, Inc. provides digital power and motion control systems used in overhead material handling, elevator, and mining applications. The Company is North America’s largest supplier of digital drive systems for industrial cranes, hoists, and monorails. Magnetek provides Energy Engineered® drives, radio remote controls, motors, and braking and collision avoidance subsystems to North America’s foremost overhead material handling crane builders. The Company is also the world’s largest independent builder of highly integrated digital motion control systems for high-rise, high-speed elevators and is a leading independent supplier of digital motion control systems for underground coal mining applications. Magnetek is headquartered in Menomonee Falls, Wis., in the greater Milwaukee area and operates manufacturing facilities in Pittsburgh, Pa., and Bridgeville, Pa., as well as Menomonee Falls. For more information, visit www.magnetek.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “should,” “plans,” “targets” and/or similar expressions. These forward-looking statements are based on the Company's expectations and are subject to risks and uncertainties that cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements. These include, but are not limited to, economic conditions in general, business conditions in material handling, elevator, and mining markets, operating conditions, competitive factors such as pricing and technology, risks associated with acquisitions and divestitures, legal proceedings and the risk that the Company’s ultimate costs of doing business exceed present estimates. Other factors that could cause actual results to differ materially from expectations are described in Item 1A. Risk Factors of the Company’s Annual Report on Form 10-K for the most recently completed fiscal year and other reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, which factors are incorporated herein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except to the extent required under the federal securities laws, the Company does not intend to update or revise the forward-looking statements.
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