Features innovative flow measurement technologies, broad product
portfolio and commitment to sustainability
MILWAUKEE--(BUSINESS WIRE)--Aug. 4, 2016--
Badger
Meter, Inc. (NYSE: BMI) today announced the opening of its new
Customer Experience Center (CEC) located at its corporate headquarters
in Milwaukee.
The new $5.5 million, 38,000 square foot facility showcases the
company’s industry-leading technology, broad flow measurement product
line and commitment to sustainability, and includes the largest indoor
flowmeter testing facility in North America. The CEC also features a
300-seat auditorium and several training and conference rooms.
“The new Customer Experience Center shows how we can meet the flow
measurement needs of our municipal water and flow instrumentation
customers through an interactive experience focused on products, markets
and capabilities. We want customers to see how our products are made and
tested and why they are the best in the market,” said Richard A.
Meeusen, chairman, president and chief executive officer of Badger Meter.
The theme of “Every Drop Counts” greets visitors to the center and
highlights Badger Meter’s commitment to helping customers measure and
monitor their sustainability initiatives, achieve process efficiencies
and conserve natural resources.
Interactive touch-screen stations demonstrate how Badger Meter products
enable customers to “Measure What Matters,” in key markets including
municipal water, HVAC, chemical, food & beverage and oil & gas. Short
videos tell the Badger Meter story from the perspective of its water
utility and flow instrumentation customers and also describe the
metering technologies used to monitor the company’s water usage and
water conservation initiatives at its Milwaukee headquarters.
In addition to learning more about the company’s product portfolio,
customers can also tour the indoor flowmeter testing facility used for
product development and product testing. “Our engineering and testing
capabilities are the foundation of our industry leadership. They ensure
the accuracy and reliability of our products and the high quality of our
manufacturing,” said Meeusen.
Meeusen said the new CEC will be used for customer meetings, training
sessions and conferences, as well as for employee meetings, tours and
local events. The renovation of existing space for the new facility also
included creating a fitness center for company employees.
“Badger Meter has been headquartered in Milwaukee since its founding in
1905. We believe our investment in the new CEC is an investment in our
company and our community that will benefit our customers, employees and
shareholders for many years to come,” added Meeusen.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and
communications solutions, serving water utilities, municipalities, and
commercial and industrial customers worldwide. The Company’s products
measure water, oil, chemicals, and other fluids, and are known for
accuracy, long-lasting durability and for providing valuable and timely
measurement data. For more information, visit www.badgermeter.com.
Certain statements contained in this news release, as well as other
information provided from time to time by Badger Meter, Inc. (the
“Company”) or its employees, may contain forward looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from those in the forward looking statements. The
words “anticipate,” “believe,” “estimate,” “expect,” “think,” “should,”
“could” and “objective” or similar expressions are intended to identify
forward looking statements. All such forward looking statements
are based on the Company’s then current views and assumptions and
involve risks and uncertainties. Some risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied in forward looking statements include those
described in Item 1A of the Company’s Annual Report on Form 10-K for the
year ended December 31, 2015 that include, among other things:
-
the continued shift in the Company’s business from lower cost,
manually read meters toward more expensive, value-added automatic
meter reading (AMR) systems, advanced metering infrastructure (AMI)
systems and advanced metering analytics (AMA) systems that offer more
comprehensive solutions to customers’ metering needs;
-
the success or failure of newer Company products;
-
changes in competitive pricing and bids in both the domestic and
foreign marketplaces, and particularly in continued intense price
competition on government bid contracts for lower cost, manually read
meters;
-
the actions (or lack thereof) of the Company’s competitors;
-
changes in the Company’s relationships with its alliance partners,
primarily its alliance partners that provide radio solutions, and
particularly those that sell products that do or may compete with the
Company’s products;
-
changes in the general health of the United States and foreign
economies, including to some extent such things as the length and
severity of global economic downturns, international or civil
conflicts that affect international trade, the ability of municipal
water utility customers to authorize and finance purchases of the
Company’s products, the Company’s ability to obtain financing, housing
starts in the United States, and overall industrial activity;
-
unusual weather, weather patterns or other natural phenomena,
including related economic and other ancillary effects of any such
events;
-
the timing and impact of government funding programs that stimulate
national and global economies, as well as the impact of government
budget cuts or partial shutdowns of governmental operations;
-
changes in the cost and/or availability of needed raw materials and
parts, such as volatility in the cost of brass castings as a result of
fluctuations in commodity prices, particularly for copper and scrap
metal at the supplier level, foreign-sourced electronic components as
a result of currency exchange fluctuations and/or lead times, and
plastic resin as a result of changes in petroleum and natural gas
prices;
-
the Company’s expanded role as a prime contractor for providing
complete technology systems to governmental entities, which brings
with it added risks, including but not limited to, the Company’s
responsibility for subcontractor performance, additional costs and
expenses if the Company and its subcontractors fail to meet the
timetable agreed to with the governmental entity, and the Company’s
expanded warranty and performance obligations;
-
the Company’s ability to successfully integrate acquired businesses
or products;
-
changes in foreign economic conditions, particularly currency
fluctuations in the United States dollar, the Euro and the Mexican
peso;
-
the inability to develop technologically advanced products;
-
the failure of the Company’s products to operate as intended;
-
the inability to protect the Company’s proprietary rights to its
products;
-
disruptions and other damages to information technology and other
networks and operations due to breaches in data security;
-
transportation delays or interruptions;
-
the loss of certain single-source suppliers; and
-
changes in laws and regulations, particularly laws dealing with the
content or handling of materials used in the Company’s products.
All of these factors are beyond the Company's control to varying
degrees. Shareholders, potential investors and other readers are
urged to consider these factors carefully in evaluating the forward
looking statements contained in this news release are cautioned not to
place undue reliance on such forward looking statements. The
forward looking statements made in this document are made only as of the
date of this document and the Company assumes no obligation, and
disclaims any obligation, to update any such forward looking statements
to reflect subsequent events or circumstances.
Badger Meter company news is available
24 hours a day, on-line at: http://www.badgermeter.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160804005234/en/
Source: Badger Meter, Inc.
Badger Meter, Inc.
Dawn O’Neill, (414) 371-7276