IN FOCUS

International pump manufacturer Grundfos (which has its headquarters in Denmark) has established a Grundfos prize, with the aim of providing stimulation, recognition and support for national and international research into visionary, groundbreaking solutions that benefit society, in the fields of technology, science and social science – either separately or in combination.

ST. PAUL, Minn., Oct. 18 /PRNewswire/ — Pentair (NYSE: PNR) announced today that Michael V. Schrock, 48, formerly president of Pentair Water Technologies — Americas, has been named president and chief operating officer of the company’s Enclosures segment effective immediately. Schrock succeeds George M. Danko, who is leaving the company to pursue other business interests.

ASHLAND, Ohio — In anticipation of future growth, the Village of Romeoville, in conjunction with Robinson Engineering, decided to rehabilitate an existing left station that would become an important piece of Romeoville’s sanitary collection system.

HEISSNER promotion pumps will have a whole new look in the spring of 2002 – plus many technical refinements to complete the picture.

L.R. Nelson Corporation and Peaktop Investment Holdings announce partnership, focusing on consumer demand for home and garden decorative products

Sterling Fluid Systems has extended its range of high-temperature pumps with the introduction of the new ZDNA and ZHNA models designed for hot water pumping applications.

The search for a reliable method of pumping liquid-phase LPG at 30 bar for use as a fuel in gas turbines, has led European Gas Turbines (EGT) to purchase seven Sterling SIHI dual-pump packages for export with their turbines to Turkey and other Middle Eastern countries.

HAZLETON, Pa., Oct. 24 /PRNewswire/ — On behalf of Pennsylvania Gov. MarkSchweiker, Labor and Industry Deputy Secretary Robert

Moore today presented the Governor’s Award for Safety Excellence

to Hazleton Pumps Inc. and its 180 employees.

DALLAS, Oct. 22 /PRNewswire/ — Flowserve Corp. (NYSE: FLS) today announced net income of 38 cents a share, excluding special items, for the third quarter of 2001. This compares with a prior year pro forma net loss of 10 cents a share, and is more than double reported net income of 18 cents a share in the third quarter of 2000, calculated on the same basis.

CLEVELAND–(BUSINESS WIRE)–Oct. 15, 2001–Diversified industrial

manufacturer Eaton Corporation (NYSE:ETN) today announced operating

earnings per share of 66 cents for the third quarter of 2001, 38

percent below comparable results one year earlier. Sales in the

quarter were $1.75 billion, 13 percent below last year. Net income

before unusual items was $47 million versus last year’s $77 million.