INRANGE to Announce Third Quarter 2002 Results


LUMBERTON, N.J., Oct. 8, 2002 (PRIMEZONE) -- Inrange Technologies Corporation (Nasdaq:INRG), a subsidiary of SPX Corporation (NYSE:SPW), plans to release its financial results for the third quarter ended September 30, 2002 after the close of market on Monday, October 21, 2002. Kenneth H. Koch, president and chief executive officer, and John R. Schwab, chief financial officer, will host a conference call at 5:00 p.m. Eastern Time that same day.

To join the conference call, please dial-in 10 minutes prior to the start of the call. The conference call is expected to last 30 - 45 minutes including a question and answer period. The company will also have a recording of the conference call available for replay beginning on Tuesday, October 22, continuing through October 29, 2002.


 Details are as follows:

      Conference call:
      Dial-in Number: 973-582-2794

      Internet Webcast and Replay: www.inrange.com

      To listen to a replay of the call:
      Dial-in Number: 973-341-3080
      Conference Number: 3528890

About INRANGE

Inrange Technologies Corporation (Nasdaq:INRG), a subsidiary of SPX Corporation, is the world leader in high-end scalable storage networking solutions and provides users with the building blocks to manage and expand large, complex storage networks simply, without geographic limitations. INRANGE's core-to-edge-to-anywhere solutions solve the growing storage challenges facing today's IT organizations, while providing investment protection and a proven foundation for future growth. INRANGE has a 33-year history of providing mission-critical networking technologies, servicing over 2,200 customers in 90 countries. For more information about INRANGE's end-to-end enterprise connectivity solutions, please visit www.inrange.com.

Forward-Looking Statement

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. The words "believe," "expect," "anticipate," "estimate," "guidance," "target," and similar expressions identify forward-looking statements. Due to the risks and uncertainties of our business, including, but not limited to those described in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Business" sections of our Annual Report on Form 10-K and the other reports we file from time to time with the Securities and Exchange Commission, readers are cautioned not to place undue reliance on any of these forward-looking statements, which speak only as of the date of this release. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Further, we assume no obligation to update any forward-looking statements as a result of new information or future events or developments.

INRANGE and the INRANGE logo are registered trademarks of Inrange Technologies Corporation. All other trademarks and product names are the property of their respective owners.



            

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