Partnerships, Sale Completions, Regulatory Filings, and Contracts - Analyst Notes on ABB, Dover, Manitowoc, ITT and Foster Wheeler

NEW YORK, July 8, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding ABB Ltd (NYSE: ABB), Dover Corp (NYSE: DOV), Manitowoc Company, Inc. (NYSE: MTW), ITT Corp (NYSE: ITT) and Foster Wheeler AG (NASDAQ: FWLT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4533-100free.

ABB Ltd Analyst Notes
On June 30, 2014, ABB Ltd (ABB) announced the signing of a five-year agreement with Shell, making the Company Shell's global single-source supplier of low-voltage switchgear, motor control centers, including sales, support, and service across both International Electro-technical Commission (IEC) and the National Electrical Manufacturers' Association (NEMA) locations for green-filed and brown-field sites. According to the Company, the five-year global agreement has an option of an additional five-year extension. Tarak Mehta, Head, Low Voltage Products division, ABB said, "This global agreement demonstrates that ABB's commitment to provide premium low-voltage solutions and services creates value for a global company like Shell, focused on safety, reliability and energy efficiency." The full analyst notes on ABB are available to download free of charge at:

http://www.analystsreview.com/Jul-08-2014/ABB/report.pdf

Dover Corp Analyst Notes
On July 2, 2014, Dover Corp (Dover) announced the completion of the previously announced sale of its DEK Printing Machines unit, headquartered in Zurich, Switzerland, to a Hong Kong listed Company, ASM Pacific Technology. The full analyst notes on Dover are available to download free of charge at:

http://www.analystsreview.com/Jul-08-2014/DOV/report.pdf

Manitowoc Company, Inc. Analyst Notes
On June 27, 2014, Manitowoc Company, Inc. (Manitowoc) acknowledged the Schedule 13D filing by Relational Investors, LLC, with the Securities and Exchange Commission reporting its acquisition of the beneficial ownership of 8.52% of the Company's common stock. Glen E. Tellock, Chairman and CEO, Manitowoc said, "As an organization, we are committed to acting in the best interest of the company and all of its stakeholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. In fact, we have already had several conversations with Relational Investors. As part of our regular evaluation of the company's enterprise-wide strategic imperatives to drive long-term shareholder value, we will continue to consider and review Relational Investors' suggestions." The full analyst notes on Manitowoc are available to download free of charge at:

http://www.analystsreview.com/Jul-08-2014/MTW/report.pdf

ITT Corp Analyst Notes
On July 1, 2014, ITT Corp (ITT) reported the partnership of its Control Technologies business with Servi Hydranor AS, Norway's largest distributor of hydraulic and hydraulic-related products, to engineer a shock and vibration isolation system to absorb shock and protect cargo during transfer from ships to the Norwegian oil company Statoil's Gudrun Platform in North Sea's Gudrun field. According to the Company, the Gudrun Platform, built by Aibel AS, operates cranes for non-stop cargo handling, with crane operators hoisting supplies from ships to the platforms, with containers that sometimes weight as much as 8,000 kg being moved toward the Gudron Platform with speeds of up to 3 meters per second. ITT stated that the ITT-Servi Hydranor system, which is a part of a barrier engineered by Aibel AS for the Gudrun Platform, includes highly-tuned dampers that absorb the cargo's kinetic energy. The full analyst notes on ITT are available to download free of charge at:

http://www.analystsreview.com/Jul-08-2014/ITT/report.pdf

Foster Wheeler AG Analyst Notes
On July 3, 2014, Foster Wheeler AG (Foster Wheeler) announced that a subsidiary of its Global Engineering and Construction Group received an engineering, procurement, and construction management contract from Owens Corning for a new composite materials manufacturing facility in Gastonia, North Carolina. According to the Company, the new facility will support growing customer demand for glass non-woven products that feature enhanced aesthetics mold, fire prevention and corrosion resistance. According to the Company, the scope of work for this project is expected to be completed by the end of 2015. Roberto Penno, CEO, Foster Wheeler Global Engineering and Construction Group said, "We are very pleased to have been awarded this contract by Owens Corning. This project will be executed by our Cary, NC, team, part of our Process & Industrial (P&I) Division in the U.S. This award reflects the strong relationship our P&I Division has developed with Owens Corning." The full analyst notes on Foster Wheeler are available to download free of charge at:

http://www.analystsreview.com/Jul-08-2014/FWLT/report.pdf

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