Allmind pump upgrade reducing cost will highlight SMM

Allmind pump upgrade reducing cost will highlight SMM

Colfax Fluid Handling will exhibit new enhanced product Allmind (pat. pending) at the SMM trade fair in Hamburg, Germany (September 5 to 7; booth 213, hall A2). Colfax“s Allmind pump upgrade reduces total cost of ownership through diagnostic capability and variable speed drive control.
Despite the best intentions of shore-side superintendents under constant pressure to reduce operational expenses and equipment downtime, the best pump systems are at risk due to a lack of diagnostic information and sophisticated control systems. Allmind provides an effective solution to this challenge. As an intelligent system it monitors all types of pumps in a vessel and can help dramatically reduce expenses for day-to-day operations, maintenance, energy and spare parts costs. At the same time, Allmind helps to improve operational safety. The concept of Allmind developed from a single leakage control device to become an intelligent condition monitoring and variable speed control unit. Allmind realizes the latest technology for condition monitoring and pump control on a vessel.
Energy costs account for 85 per cent of the total cost of ownership for ballast and cooling pumps, demonstrating the importance of assessing total cost of ownership rather than basing purchasing decisions purely on initial cost. „The concept is just as relevantly applied to upgrade decisions“, says Christian Martin, Director, Product Management Commercial Marine at Colfax. This means keeping abreast of technology and, as is often the case with pumps, recognising when old practices must make way for the new to achieve greater operational efficiency and profitability.
„We have the technology to reduce the energy consumed in pumping operations by up to 50 per cent simply by enabling variable speed operation with Allmind,“ says Martin. „Moreover, add intelligent diagnostics as provided by Allmind and reliability goes up and maintenance costs go down – dramatically.“
Allmind is comprised of interchangeable modules, giving the system the flexibility needed to adapt to highly individualized processes. The system offers the ability to handle everything from relatively simple condition monitoring to sophisticated monitoring and control activities involving multiple pumps. And it does it all with a single unit. The system can monitor pressure, temperature, leakage, vibration, and output as well as activate PID controllers. Each pump can be individually equipped with speed control. Use of Allmind can increase system availability and helps avoid unplanned production downtime. The system stores all sensor values and makes them available for evaluation purposes.

ABOUT COLFAX CORPORATION – Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its business platform, Colfax Fluid Handling and reporting global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, defense and general industrial markets. Colfax“s operating subsidiaries supply products under the well-known brands Allweiler, Baric, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Rosscor,Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker „CFX.“ Additional information about Colfax is available at www.colfaxcorp.com.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax“s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax“s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax“s results to differ materially from current expectations include, but are not limited to factors detailed in Colfax“s reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption „Risk Factors“. In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.

The term „Colfax“ in reference to the activities described in this press release may mean one or more of Colfax’s global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.

Kontakt:
Allweiler GmbH
Christian Martin
Allweilerstr. 1
78315 Radolfzell
+49 (0)7732 86-440
c.martin@allweiler.de
http://www.allweiler.de

Pressekontakt:
TennCom AG
Dr. Kurt Christian Tennstädt
Hohentwielstr. 4a
78315 Radolfzell
07732 ? 95 39 30
nflohr@tenncom.de
http://www.tenncom.de