SPX

SPX to Provide Speciality Squib Valves for New Nuclear Power Plants

SPX Corporation announced today that its flow technology business has reached an agreement with
Westinghouse Electric Company to provide highly specialised squib valves for up to 12
new AP1000tm nuclear power plants in the United States and China. The contracts
combined are valued in excess of $100 million.

“We are pleased to align with Westinghouse and its construction partners and
customers as they build some of the first new nuclear plants in the United States in
nearly 30 years, and we’re excited to play a part in the new plants in China, as well,” said
Don Canterna, SPX segment president. “SPX is playing an active and important role in
the nuclear renaissance and in helping meet the growing demand for power generation
around the world.”

In China, the contracts are for four plants, two each for Sanmen Nuclear Power
Company and Shandong Nuclear Power Company. These plants are to be
constructed at the Sanmen and Haiyang sites. Construction is expected to begin in
2009, with the first plant becoming operational in late 2013.

The Westinghouse AP1000 design has been selected by utilities in the United States to
be used in the construction of new nuclear power plants to be built within the next
decade, and has received international acceptance within the nuclear power industry.

“In 2007 we announced plans to design and engineer valves for Westinghouse for new
nuclear plants in China. Today’s announcement shows we are committed to delivering
solutions for power generation across the globe,” Canterna added.

A long-standing relationship

SPX Flow Technology has a long-standing relationship with Westinghouse and currently
designs and supplies control, isolation and rotary valves for nuclear plants in China,
Spain, Brazil, Japan, Mexico, United Kingdom and South Korea.

Westinghouse Electric Company, a group company of Toshiba Corporation, is the
world’s pioneering nuclear power company and is a leading supplier of nuclear plant
products and technologies to utilities throughout the world. Westinghouse supplied the
world’s first PWR in 1957 in Shippingport, Pennsylvania. Today, Westinghouse technology is the
basis for approximately one-half of the world’s operating nuclear plants, including 60% of those in the United States.

SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company
offers highly-specialised engineered solutions to solve critical problems for customers.

SPX is focused on providing solutions that support the expansion of global
infrastructure, with particular emphasis on the growing worldwide demand for energy
and power. Its innovative product portfolio, containing many energy efficient products,
includes cooling systems for power plants throughout the world; custom engineered
process equipment that assists a variety of flow processes including food and beverage
manufacturing, oil and gas exploration, distribution and refinement and power
generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and
power transformers that regulate voltage for electrical transmission and distribution by
utility companies.

SPX is headquartered in Charlotte, North Carolina and employs more than 17,000
people worldwide in over 35 countries. Visit the website for more details.

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