FORT WAYNE, Ind., Sept. 9, 2013 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq:FELE) is proud to announce the relocation to its new World Headquarters and Engineering Center of Excellence. The new facility is located at 9255 Coverdale Road, Fort Wayne, Indiana, near Fort Wayne International Airport.
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The new facility will serve as its corporate headquarters and expand its research, development, design, and testing capacity. The 118,800 square foot building will house the company's current headquarters staff of 245 employees, as well as allow for future growth. The ability to increase engineering and laboratory testing due to its state-of-the-art 24,000 square foot testing lab will facilitate long-term product innovation and growth.
In conjunction with over 20 Franklin Electric products used to move and manage water within the building, the new site utilizes geothermal heating and cooling and incorporates aesthetic exterior water features to act as functional parts of the system.
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company's financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company's business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Securities and Exchange Commission filings, included in Item 1A of Part I of the Company's Annual Report on Form 10-K for the fiscal year ending December 29, 2012, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
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