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Woodward Acquires Adrenaline Research Inc.
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Media Alert | |
| Woodward Acquires Ionization Feedback Specialist Adrenaline Research, Inc. | Rockford, Ill., July 20, 2004 - Woodward Governor
Company (Nasdaq:WGOV) announced it has acquired the ionization feedback and
ignition specialist company, Adrenaline Research, Inc. Combustion control, part
of Woodward's systems integration strategy, helps our customers reduce
emissions and improve fuel efficiency. While the acquisition is not material in
terms of earnings impact, Woodward expects the acquisition of Adrenaline
Research and its technology to contribute to our combustion control strategy.
Using its global resources and energy control expertise, Woodward will continue providing SmartFire® products and technology to the global racing, testing and OEM markets. "SmartFire® technology is currently used at the highest levels of racing, dynamometer testing and automotive development around the world," said Ed VanDyne, Woodward's new director of advanced combustion controls (formerly Adrenaline's president). "Our commitment to quality, service and cutting edge technology will be enhanced greatly by the synergy within Woodward. Now, we can provide even better engine control products to our global customers. "SmartFire® technology delivers both a high-energy spark when needed and combustion feedback for knock and misfire detection. In the future, this technology will allow engines to be tuned up while running. "By using the spark plug as a sensor, SmartFire® technology enables advanced in-cylinder combustion analysis," said VanDyne. "At Woodward, the technology will be incorporated into advanced control systems so aircraft and industrial engines can operate with lower emissions and improved fuel efficiencies." About Woodward Woodward is the world's largest independent designer, manufacturer, and service provider of energy control solutions for aircraft engines, industrial engines and turbines, power generation, and process automation equipment. The company's innovative control, fuel delivery, combustion, and automation systems help customers worldwide operate cleaner, more cost effective, and more reliable equipment. Woodward is headquartered in Rockford, Illinois, and serves global markets from locations worldwide. Visit our web site at www.woodward.com The statements in this release concerning the company's future sales, earnings, business performance, prospects, demand in the company's markets, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement, and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2003, and Form 10-Q for the quarterly period ended June 30, 2004, expected to be available by early August.
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