TPi July 2008

news business & market

International water forum

Valsir sponsors powerboat racing team

First launched in 2003, the international water forum Aqua Ukraine became the largest annual event in Ukraine focused on all sides of industrial and municipal water use. Aqua Ukraine 2008, to be held in Kiev, Ukraine, 7-10 October, will unite the work of the specialised exhibition with the science conference Water & Environment (organised by the Ministry for Environmental Protection of Ukraine and the State Committee of Ukraine of Water Management). The event promotes the implemen- tation in Ukraine of advanced technologies and modern materials for water preparation, water supply and water disposal, the latest engineering systems, pipelines and other equipment for supplying customers with water resources. The exhibition will allow Ukrainian and foreign companies to present their products and technologies to a wide range of visitors. International Exhibition Centre Ltd – Ukraine aqua-ukraine@iec-expo.com.ua www.tech-expo.com.ua Hypertherm announces double- digit increase in stock valuation Hypertherm has announced a new valuation for its stock of $43.25 per share, for a year over year increase of nearly 15%. The new price compares with a 2006 valuation of $37.75 per share. The valuation follows a strong year for Hypertherm, in which the company experienced record sales and earnings. It is the fifth consecutive year the company has posted double-digit growth.

Participants in the race will travel 1,600 miles around the coastline of Great Britain ▲ ▲

Valsir, Italy, produces advanced systems for soil and waste, and for heating and potable water. Products include a complete range of polypropylene pipes and fittings with quick-fit joints, and high-density polyethylene electrofusion pipes and fittings; a broad range of in-wall and exposed cisterns (50 models); the modern Silere system, a range of pipes and fittings manufactured using sound absorbing material; the Pexal multi-layer pipe system, with the relative fittings; a wide selection of traps and specific equipment; and a new floor heating system. The company has sponsored Team Pulsar in the Round Britain Offshore Powerboat Race 2008, described as the ‘Everest of Powerboat Racing’. Over 60 boats, crew and support teams were lined up to take part in the 1,600 mile marathon race. Team Pulsar has entered two boats in the race, and aims to contribute the proceeds of the race to a children’s charity.

Valsir SpA – Italy valsir@valsir.it www.valsir.it

Team Pulsar Racing – UK www.pulsar-racing.com www.roundbritainrace.co.uk

industrial product companies similar to Hypertherm.

internationally, along with Hypertherm’s commitment to continuously improve has allowed Hypertherm to thrive in these tough economic times, ” commented Carey Chen, the company’s chief financial officer. As a private associate owned company, the 2007 share price for Hypertherm was determined by an independent appraisal by New Hampshire-based Atlantic Management Company, which looked at factors such as current financial performance, future cash flow prospects, and the market value of other

Hypertherm launched the Hypertherm Stock Ownership Plan (a qualified ESOP) in 2001. At the time, shares were valued at approximately $7 each. The company’s international associates take part in a similar programme called the Global Stock Value Plan (GSVP). Hypertherm Europe – Netherlands hteurope.info@hypertherm.com www.hypertherm.com

“ Continued strong demand for our products, both domestically and

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July 2008 Tube Products International