Xylem Inc. to Ring New York Stock Exchange Opening Bell in Celebration of Launch as Independent Company
November 16, 2011
Spun off from ITT, Xylem is a leading global water company
WHITE PLAINS, N.Y., Nov 16, 2011 (BUSINESS WIRE) --
Xylem, Inc. a leading global water technology company focused on
addressing the world's most challenging water issues, announced that its
leadership team and representative employees will ring the New York
Stock Exchange (NYSE) opening bell today. The bell ringing comes two
weeks after Xylem successfully spun off from ITT Corporation. On
November 1, 2011, Xylem began trading on the NYSE under the symbol "XYL"
and is listed on the Standard & Poor's 500 Index.
"Today's bell ringing at the New York Stock Exchange is the culmination
of many months of preparation by our 12,000 employees around the world,"
said Gretchen McClain, president and CEO of Xylem. "To help us celebrate
this symbolic event we've chosen four employees, each representing one
of Xylem's four value centers, to mark this occasion and share in the
excitement on behalf of the entire team."
Xylem currently serves a $30 billion segment of the global water
equipment and services market. The company's products and applications
expertise address the full cycle of water and are key in the transport,
treatment, testing and efficient use of water in public utility,
residential and commercial building services, industrial and
agricultural settings. The company's portfolio includes well-known and
respected product brands including Bell and Gossett, Flojet, Flygt,
Godwin, Goulds Water Technologies, WTW and YSI, among others.
Xylem (XYL) is a leading global water technology provider, enabling
customers to transport, treat, test and efficiently use water in public
utility, residential, commercial, agricultural and industrial settings.
The Company does business in more than 150 countries through a number of
market-leading product brands, and its people bring broad applications
expertise with a strong focus on finding local solutions to the world's
most challenging water and wastewater problems. Launched in 2011 from
the spinoff of the water-related businesses of ITT Corporation, Xylem is
headquartered in White Plains, N.Y., with 2010 revenues of $3.2 billion
and 12,000 employees worldwide.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all -- that which occurs in nature. For more
information, please visit us at http://www.xyleminc.com.