SPX Completes Acquisition of Marine, Obstruction & Airport Lighting Businesses of Carmanah

CHARLOTTE, N.C., Feb. 01, 2019 (GLOBE NEWSWIRE) — SPX Corporation (NYSE:SPXC) announced today that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. The acquisition is expected to be modestly accretive to SPX’s 2019 Adjusted EPS.

“We are excited to welcome the Sabik team to SPX,” said Gene Lowe, President and CEO of SPX Corporation. “This acquisition expands and strengthens our position in aids-to-navigation specialty lighting solutions. We believe Sabik’s highly-engineered technology and products are an excellent fit with SPX’s portfolio of communication technologies solutions, and will provide significant value creation for our shareholders.”

 

About SPX Corporation: SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation is expected to have approximately $1.4 billion in annual revenue in 2018 and approximately 4,000 employees in 17 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.”

About Carmanah Technology Corporation: Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, the company has earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world’s harshest environments. For more information, please visit www.carmanah.com.

 

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these statements in conjunction with the SPX’s documents filed with the Securities and Exchange Commission, including the SPX’s annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including the risk that SPX may fail to successfully complete or integrate acquisitions. Actual results may differ materially from these statements. The words “believe,” “expect,” “anticipate,” “project” and similar expressions identify forward-looking statements. Although SPX believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on SPX’s current complement of businesses, which is subject to change.

Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

SOURCE SPX Corporation.

 

Investor and Media Contacts:
Paul Clegg, VP, Investor Relations and Communications
Phone: 980-474-3806
E-mail: spx.investor@spx.com

Pat Uotila, Manager, Investor Relations
Phone: 980-474-3806
E-mail: spx.investor@spx.com

OL2A versus Tractor-Trailer

OL2A solar obstruction light still flashing after tractor-trailer runs it over at railyard

 

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Our OL2A is built tough to withstand the harsh conditions of its many applications, from construction zones to mining sites. At a railyard in Pennsylvania, a customer recently received unexpected proof of our claims, when a tractor-trailer accidentally ran over a blue safety flag, crushing the blue OL2A safety light attached to it.

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In railyards, the blue safety flag and blue light alert railroad operators that workers are on, under, or between railroad equipment. Many railroads select our blue solar lights because they last 5+ years with no battery change and can withstand dust, extreme heat, water, and other environmental hazards. Would the OL2A survive under the weight of a tractor-trailer?

Robert Freshley, Assistant Manager of Operations & Maintenance at the Pennsylvania railyard, reports that the flange mount was the only part of the light that was damaged, leaving the rest of the light completely intact and functioning. The premium grade polycarbonate body and lens were durable enough to withstand the pressure: the OL2A is MIL-STD-202G compliant for shock and vibration.

Damaged but still functioning OL2A solar blue flag light
Crews removed the OL2A solar blue flag light from the flag post to inspect the damage.

Carmanah’s Customer Support team quickly sent Freshley a replacement flange mount base.

“Thanks again for the new base, and for a product that actually lives up to its advertised capabilities,” says Freshley.

Watch the video

 

Learn more about the OL2A

The OL2A isn’t just resistant to tractor-trailers rolling over it. It is also dustproof, waterproof, shockproof, and resistant to extreme temperatures. We put it to the test in this video to prove it.

Watch our OL2A extreme testing video

OL2A Extreme Testing Video

A RUGGED SAFETY LIGHT THAT WORKS AS HARD AS YOU DO

The OL2A is a tough safety light with the best performing battery on the market—meaning no maintenance or battery replacements for 5+ years. Shockproof, waterproof, and built to last, the OL2A will be the most reliable piece of your safety arsenal for years to come.

This extreme testing video showcases the performance and durability of the OL2A solar safety light:

  • Waterproof – The OL2A can be completely submerged and will still turn on.
  • Shockproof – This small, compact light can tumble down a rock cliff, and will still turn on.
  • Durable – The light is able to withstand vibrations, and the plastic won’t crack or fly off. In this example, the OL2A is mounted to a railway blue flag pole and falls down onto the track, undamaged.
  • Weatherproof – Frozen in a large block of ice, the OL2A withstands not only the cold conditions, but also the impact of a bat hitting and breaking apart the ice block that surrounds it.

 

 

Feature

OL2A

Battery lifeLasts 5+ years with no change. Includes replaceable AA NiMH batteries.
WeightOur products are some of the lightest in the industry. Flange Mount: 0.8 lbs (0.37 kg)
Operating conditionsOperates in -22 to 122 ºF (-30 to 50 ºC) conditions.

Can be stored in -40 to 176 ºF (-40 to 80 ºC) conditions.

Life expectancy and warranty15-year life expectancy means replacement costs remain low. 3-year warranty provides peace of mind the light will work as expected.
StandardsISO 9001:2008 certified, RoHS, WEEE, FCC, CE

MIL-STD-202G (for Shock and Vibration)

 

Learn more by visiting our OL2A product page.

Learn more about the OL2A

OL2A Solar Obstruction Light Battery Replacement

How to change the OL2A’s batteries

Time for a battery change in your OL2A? In this video, we are going to learn how to remove and replace the battery in the Carmanah OL2A solar-powered obstruction light. Watch below, or keep scrolling to read the summary.

Watch now

Video overview

In this video, we are going to change the batteries in our OL2A solar-powered obstruction light.

  1. Using a #2 Phillips screwdriver, remove the three screws on the bottom of the light.
  2. Inspect the gore vent for damage.
  3. Replace the batteries. Note: the batteries must be replaced with rechargeable NiMH batteries. Note the orientation of the batteries We recommend purchasing replacement batteries from Carmanah; however, using the same type of rechargeable battery will not void the product warranty.
  4. Check the condition of the gore vent and of the O-ring. We recommend applying a small amount of silicone grease or O-ring lubricant to the O-ring prior to reassembly.
  5. Retighten the screws. When retightening the screws, do not fully tighten each screw before moving on to the next. Instead, partially tighten each screw then move to the next until the bottom cover is fully and evenly seated against the body of the light.

For the pole mount version:

  • Check condition of gore vent
  • Apply O-ring lubricant
  • Reinstall O-ring retainer
  • Insert lower portion of light body

Partially retighten each screw working with each screw diametrically across from the last. Ensure that the lower portion of the light is fully seated and that the screws are tight enough to compress the O-ring. Continue to tighten all the screws until you can no longer detect any internal movement of the O-ring retainer.

For more information

If you have any questions, please contact obstruction@carmanah.com or salesengineering@carmanah.com.

Watch our other videos:

 

Visit our product page to learn more about the OL2A.

Learn more

OL2A Solar Obstruction Light Basic Programming

A quick look at basic OL2A programming using the Infrared Programmer

Ready to get started with your OL2A programming? In this video, we are going to learn how to program the Carmanah OL2A solar-powered obstruction light using the infrared programmer. Watch below, or keep scrolling to read the summary.

Watch now

Video overview

In this video, we are going to have a quick look at basic programming of the Carmanah OL2A, solar-powered obstruction light using the miniature infrared programmer.

The IR programmer is required to make programming changes to the OL2A. If you do not have an IR programmer, you can order one by contacting obstruction@carmanah.com.

Today we are going to use the mini programmer to:

  • Change the flash character
  • Check the battery health
  • Change the intensity

To communicate with the light or wake the light up, simply point the IR programmer in the direction of the light and push the power button. This step is required before any programming changes can be made. The light will respond with one quick flash to indicate that it is ready to receive further commands. Note: When you first attempt to wake up the light, hold the power button for two seconds to take the light out of IR sleep efficiency mode.

Now that the light is out of sleep mode, it will respond every time that we press the power button.

When the light accepts a key valid key sequence, it will flash in quick succession three times. If the programming attempt is unsuccessful, the light will flash twice slowly.

To change the flash character, simply press, power + the 3-digit flash character + the checkmark We will set our flash character to 055, 0.5 seconds on, 1.5 seconds off.

To check the battery health, press Power + 810 Checkmark or simply press the letter “i.”

  • Three flashes = good battery
  • Two flashes = the battery needs charging
  • One flash = the battery is a very low state-of-charge

To change the intensity, we will again follow the same key sequence, which is power + the 3-digit code + the check mark.

We will set our OL2A to 10 cd. So, we will push the power button + 610 + the checkmark. Note: When changing either the flash character or the intensity, please contact Carmanah for confirmation that the desired settings can be supported in your region. This will ensure reliable and sustainable operation.

For more information

Please reference the user manual for additional guidance on programming or contact obstruction@carmanah.com.

Watch our other videos:

 

Visit our product page to learn more about the OL2A.

Learn more

Unboxing the OL2A Solar Obstruction Light

Your first look at the OL2A

Wondering what you’ll get when you order our lights? In this video, we are going to have a quick look at the Carmanah OL2A solar-powered obstruction light. Watch below, or keep scrolling to read the summary.

Watch now

Video overview

In the box, you will find the light and a user manual. If you do not have a user manual, you can find an electronic version on our website. Click here to download a copy of the OL2A user manual.

The OL2A comes in three basic configurations: a flange version with external ON/OFF switch, a flange version with no external switch, and a pole mount version. Note: the pole mount version is not available with an external switch.

The OL2A comes from the factory with the batteries installed and is preprogrammed and ready to operate. Carmanah also sells a miniature infrared programmer for adjusting product settings. Note: the IR programmer is not required unless you want to change the product settings.

To operate the switched version, set the switch to ON and mount the product in the desired location. To operate the non-switched models, simply mount the product in place and when night comes, the product will automatically turn on at the preprogrammed settings. Note: the OL2A has advanced day/night detection. It can take up to 1 minute for the product to determine that it is day or night; this prevents the light from making false transitions.

If you are planning on storing the product in the box after the initial inspection, ensure that the switch is in the OFF mode. For the non-switched model, ensure that the light has been turned off via the IR remote. The product does have an automatic shutdown feature, but for optimal battery health, we recommend storing the product in the OFF state.

For more information

Watch our other videos:

 

Visit our product page to learn more about the OL2A.

Learn more

SPX Announces Agreement to Purchase Marin & Obstruction Lighting Business of Carmanah

Transaction Expected to Close During Q1 2019;
Expands and Strengthens SPX’s Position in Engineered Lighting Solutions;
Anticipated to be Modestly Accretive to 2019 Adjusted EPS

CHARLOTTE, N.C., Dec. 12, 2018 (GLOBE NEWSWIRE) — SPX Corporation (“SPX”) (NYSE: SPXC) today announced that it has entered into a definitive agreement to purchase the marine and obstruction lighting business of Carmanah Technologies Corporation (“Carmanah”) for cash consideration of approximately $77 million. Following completion of the transaction, the results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment.

Under the agreement, SPX will purchase the stock of Carmanah’s Sabik subsidiaries (located in Europe and Singapore) as well as certain operating and intellectual property assets of Carmanah’s businesses in Canada and the United States. The transaction is expected to close during Q1 2019 and is contingent upon obtaining approval of Carmanah’s shareholders, as well as other customary closing conditions.

“We are excited to welcome Sabik to the SPX team,” said Gene Lowe, President and CEO of SPX. “This transaction expands and further strengthens SPX’s position in aids-to-navigation specialty lighting solutions by adding highly-engineered technology and products for the marine and obstruction lighting markets. We believe the combination of these industry-leading applications with SPX’s portfolio of communication technologies solutions is a strong strategic fit that will provide significant value creation for our shareholders.”

John Simmons, Chief Executive Officer of Carmanah, commented “We are very pleased with this transaction, which creates numerous opportunities for employees and customers alike. Combining Carmanah’s high-quality lighting products with SPX’s extensive infrastructure and broad distribution network is a great opportunity to further advance product development and extend the reach of these solutions to a broader customer base.”

The acquired business has current annual revenue of approximately $27 million and a similar margin profile to SPX’s Detection & Measurement segment. The acquisition is expected to be modestly accretive to SPX’s 2019 Adjusted EPS, after taking into account a partial year of results and costs to finance the acquisition. SPX plans to provide detailed guidance for 2019 on its call to discuss Q4 2018 results in mid-February 2019. SPX anticipates excluding the effect of one-time costs, purchase accounting items and amortization associated with acquisitions when reporting adjusted results.

About SPX Corporation: SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had approximately $1.4 billion in annual revenue in 2017 and more than 5,000 employees in about 14 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

About Carmanah Technology Corporation: Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, the company has earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world’s harshest environments. For more information, please visit www.carmanah.com.

 

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these statements in conjunction with the SPX’s documents filed with the Securities and Exchange Commission, including the SPX’s annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including the risk that SPX may fail to successfully complete or integrate acquisitions. Actual results may differ materially from these statements. The words “believe,” “expect,” “anticipate,” “project” and similar expressions identify forward-looking statements. Although SPX believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on SPX’s current complement of businesses, which is subject to change.

Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

 

SOURCE SPX Corporation.

 

Investor and Media Contacts:
Paul Clegg, VP, Investor Relations and Communications
Phone: 980-474-3806
E-mail: spx.investor@spx.com

Pat Uotila, Manager, Investor Relations
Phone: 980-474-3806
E-mail: spx.investor@spx.com

How a Crane Company Saved Valuable Time and Money With Solar

United Crane and Rigging was tired of the frustrations of using AC or battery-powered lights on their equipment. Frequent battery changes were not only time consuming, but also expensive. Combined with the added complications of setting up those systems, the challenges were enough that they went looking for new solutions for their obstruction lighting needs.

See how they saved time and money by choosing Carmanah’s solar solution in the infographic below.

Need more details? Read the case study here >>

 

Download infographic as PDF

Union Pacific Railroad – Des Moines, IA

Location: Des Moines, Iowa, USA

Client: Union Pacific Railroad

Overview:

The largest freight hauling network in the United States, the Union Pacific Railroad covers 23 states west of Chicago, Illinois, and New Orleans, Louisiana. It operates 8,500 locomotives, which run on over 32,100 route-miles of track. Safety on its railyards is paramount to operations, and robust equipment is vital for withstanding the tough conditions.

Blue flag with blue Carmanah safety light on top

Since 2008, it has been a requirement to pair a light with the blue flag that has been used for decades to alert trains of workers on or near the track. For one Union Pacific railyard in Des Moines, Iowa, its selected compliant lights constantly required bulb and battery replacements, time-consuming maintenance that proved costly. Railyard staff recognized that the railyard required something more robust, and looked to solar lighting as a solution that would recharge via the sun, helping minimize costly battery replacements.

Our Solution: OL2A Solar LED Safety light

Requirements: To provide an efficient, low-maintenance blue safety light to complement blue flags used in the railyard.

“I have been a Class 1 railroad employee for almost 39 years and for the last 30 years worked in the train yard and locomotive service track area. I have seen and used a lot of blue lights, and Carmanah’s are top of the line. Their lights work flawlessly through heat, rain, and freezing cold weather. They also take a beating, being lifted, lowered, and sometimes dropped—but they never quit working. We use Carmanah’s lights at both ends of our service track protecting our derails, and they have been in service for over five years, trouble-free. They are my first choice in blue lights; one less item to worry about.”

– Brian Sinram, Union Pacific

 

Download the Project Summary >>

New Medium-Intensity Lights Increase Options for Obstruction Marking

Find a solution for your project with AC and DC lighting

Carmanah Obstruction now offers medium-intensity lighting, increasing the options for obstruction marking for several applications. Learn what’s new for your industry:

low and medium intensity solar and permanent obstruction lighting for wind turbines under constructionObstruction Lighting for Wind Turbines

In addition to our temporary solutions for wind turbines during construction, achieved with our OL800 models, we now offer permanent lighting solutions for wind farms. The OL370i is a medium-intensity obstruction light that meets FAA L-864 compliance. Two OL370i units may also be used together on one nacelle to meet FAA AC 70/7460-1L specifications for turbines with a rotor tip height between 500 and 700 feet.

>> Find the right obstruction lighting for your wind turbine

low and medium intensity solar obstruction lighting for towersObstruction Lighting for Towers

Our easy-to-install, reliable, and low maintenance obstruction lights can provide marking solutions for telecom towers, transmission towers, power lines, utility poles, and more. In addition to our existing OL4 and OL800 low-intensity solutions, we now offer two new medium intensity products suitable for a wider range of project specifications. The OL371 medium-intensity red obstruction lighting system meets regulations for FAA type A0/A1 structures, while our OL370d dual red/white medium-intensity obstruction lighting system meets regulations for FAA type E structures (200 to 700 feet).

>> Find the right obstruction lighting for your tower

low and medium intensity solar obstruction lighting for met towersObstruction Lighting for MET Towers

Some states require or recommend lighting in their legislation for meteorological testing towers. For rural locations or areas off the grid, our low-intensity solar lighting solutions may be suitable for both permanent and temporary locations. For taller structures, we now offer AC-powered, medium-intensity solutions for FAA type A0/A1 and type E structures.

>> Find the right obstruction lighting for your MET tower

low and medium intensity solar obstruction lighting for cranesObstruction Lighting for Cranes

Our low-intensity solar lighting is suitable for both permanent and temporary installations on cranes. Our new medium-intensity lighting is available in AC or DC for cranes requiring brighter options.

>> Find the right obstruction lighting for your crane

 

Looking for another application? Check out some of the other lighting options we can provide, or contact us to find a solution that fits your project.