ITT expands capabilities to better serve the Asia-Pacific region

Company taps growing opportunities in the region by creating broader presence in key market

SINGAPORE — — ITT Corporation (NYSE: ITT), a world leader in the transport, testing and treatment of water and wastewater, today announced plans for continued growth of its business in the Asia-Pacific region through increased focus on bringing its innovative products and expanding its presence in key markets in the region. As part of these plans, ITT will add engineers and other water and wastewater experts throughout Asia-Pacific, at both expanding and new sites.

Growth plans for ITT’s business in the region include the establishment of a water and wastewater treatment center of excellence in Singapore, establishment of a greater sales and distribution footprint and new regional testing and assembly capabilities.

“These plans are part of a long-term commitment to growth in the Asia-Pacific region, which we believe can be accelerated by getting closer to our customers in the region and providing them with the best range of critical technologies and deepest industry expertise in the market,” said Gretchen McClain, president of ITT Fluid and Motion Control. “Our continued investments in the region will help us to keep expanding our business in key Asian emerging markets, which is an important growth area for us today and in the future as we spin off from ITT to form an independent water company later this year"

In response to growing demand for advanced wastewater treatment solutions, ITT’s Water and Wastewater group will establish a hub in Singapore to support the sales, engineering design and project execution needs of customers throughout Asia-Pacific. The support team, consisting of applications, process and project engineers, will combine ITT’s deep process and systems expertise with the company’s leading water and wastewater treatment technologies including Flygt mixers, Leopold filtration systems, Sanitaire biological treatment solutions, and WEDECO disinfection systems to help customers meet increasingly high standards for water quality.

The Singapore team will also oversee ITT’s partnership with PUB, Singapore’s national water agency, to collaborate in the areas of energy-efficient pumping and secondary wastewater treatment. PUB and ITT are currently collaborating on an Advance Oxidation Process (AOP) pilot system at Choa Chu Kang Water Works. Advance oxidation processes are highly effective at removing contaminants and micropollutants when other standard treatment methods cannot.

Expanding Footprint in Asia

To support growth in Southeast Asia, ITT announced that its Water and Wastewater group would establish a sales and customer support capability in Hanoi, Vietnam by year-end. The team in Vietnam will provide direct support for local distributors leading to better service for customers in the region, including the Hanoi municipal government and the many design consultants and engineers based in the region. The Vietnam office will have responsibility for sales of ITT’s Flygt, Godwin, Leopold, Sanitaire, and Wedeco brands, which include products used in all facets of water and wastewater transport, treatment and processing.

The opening of the office in Vietnam follows ITT’s buyout of its distribution partner in Malaysia and Singapore in September 2010, and greatly enhances the company’s coverage in this growing market.

ITT’s Residential and Commercial Water group, which provides complete water systems for applications in the building services, agricultural and light industrial markets, is also growing its presence in Asia. The business has recently added a warehousing facility in Korea, sales and manufacturing personnel in the Philippines, and representative offices in Taipei, Taiwan and Bangkok, Thailand.

Expanding Local Assembly and Testing in Australia

With the growing demand for dewatering services in Asia-Pacific, ITT will establish a pump assembly and service capability in Perth, Australia in order to better meet local customer needs. Dewatering services, which provide for the removal of unwanted water, are essential for maintaining operations in the mining, construction and municipal markets, where the dynamics of energy production and global climate change are driving demand.

In 2010, ITT purchased Godwin Pumps, the world’s largest supplier of diesel-powered, self-priming drainage pumps. When combined with the company’s range of Flygt-brand electric submersible drainage pumps, ITT is now the world’s largest supplier of pumps and services for the dewatering market with an unmatched range of product and depth of dewatering expertise. Demand for the Godwin product range, which is available through ITT’s Water and Wastewater group globally, has been particularly robust in Australia since being introduced earlier this year. Local assembly will enhance ITT’s ability to meet customer expectations in terms of service, availability and lead times.

Additionally, the Residential and Commercial Water group continues to increase its local presence in Australia to better support customers’ service and delivery needs. In May, a new pump testing facility was installed in Melbourne. The facility is designed for ISO 9906-1999 Grade 2 performance testing of head, flow, power, and efficiency for end-suction and turbine pumps.

On January 12, 2011, ITT Corporation announced its intention to spin off its Water and Defense businesses into separate publicly traded companies prior to the end of this year. The new Water Company, yet to be named, will be a global leading provider of products and technologies for water and wastewater; residential and commercial water and analytical instrumentation, with annual revenues of $3.6 billion and customers in 140 countries.

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2010 revenue of $11 billion. www.itt.com.