For Immediate Release
ITT announces Morovision Night Vision as authorized distributor for law enforcement market
ROANOKE, Va., July 3, 2008 - ITT Corporation, the world's leading manufacturer of night vision technology, has named Morovision Night Vision Inc. as its authorized U.S. law enforcement distributor of ITT Night Enforcer® products-most notably the Night Enforcer NEPVS-14 model and associated parts and accessories.
The Night Enforcer® NEPVS-14, based on the military product AN/PVS-14, is a Generation (Gen) 3 monocular device that allows the user to adjust the gain control in varying light conditions. It is the most widely fielded night vision device for law enforcement. This versatile unit can be handheld, head- or weapon-mounted or adapted to a camera or camcorder.
Recently, ITT's Night Vision division announced that all Night Enforcer® NEPVS-14 products will come equipped with its proprietary Pinnacle® thin-filmed tube technology. This enhanced image intensifying tube improves clarity and resolution, and allows for a more seamless transition when switching from low-light to high-light areas.
"With today's increased demand for night vision products, we are confident that forming a partnership with a well-known distributor, like Morovision, will allow for an efficient flow of our products to our dealers and, ultimately, our federal and state and local law enforcement customers," said ITT Night Vision President Mike Hayman.
Hand-selected, preferred dealers will continue to carry ITT night vision products, like the Night Enforcer® NEPVS-14, to serve the law enforcement community. Morovision Night Vision will serve as the authorized distributor that supplies dealers.
ITT Night Vision, based in Roanoke, Va., is the world's leading developer, producer and supplier of Gen 3 image intensifier technology for U.S. and allied military forces as well as the homeland security market. To learn more, visit www.nightvision.com.
About ITT Corporation
ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.
Safe Harbor Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995 ("the Act"). These forward-looking statements include statements that describe the Company's business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target" and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed in, or implied from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated by the Company include general global economic conditions, decline in consumer spending, interest and foreign currency exchange rate fluctuations, availability of commodities, supplies and raw materials, competition, acquisitions or divestitures, changes in government defense budgets, employment and pension matters, contingencies related to actual or alleged environmental contamination, claims and concerns, intellectual property matters, personal injury claims, governmental investigations, tax obligations, and changes in generally accepted accounting principles. Other factors are more thoroughly set forth in Item 1. Business, Item 1A. Risk Factors, and Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements in the ITT Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and other of its filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.