SPX Helps Raise $175,000 for St. Jude Children's Research Hospital

CHARLOTTE, N.C., Jan. 26, 2011 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that it helped raise $175,000 for St. Jude Children's Research Hospital (www.StJude.org) at the 40th Annual Barrett-Jackson Collector Car Auction in Scottsdale, Arizona.  The winning bid for SPX's donated Ford Mustang FR500S race car was placed on Friday, January 21 and was among the highlights of this year's auction.

(Photo:  http://photos.prnewswire.com/prnh/20110126/DE36568 )

"With our deep roots in the automobile industry as a global supplier of vehicle service solutions, we are honored to be a part of the Barrett-Jackson community and would like to thank them for helping us once again contribute in a meaningful way to the fundraising efforts of St. Jude Children's Research Hospital and the important work they do," said SPX Chairman, President and Chief Executive Officer Chris Kearney.

"We are extremely pleased with the outcome of the auction and we want to also thank the many sponsors who helped us collectively create such a fantastic car."

The Ford Mustang FR500S was a joint effort between SPX, Ford Racing, Miller Motorsports Park, the Ford Racing High Performance Driving School, Stand 21, SPEEDCOM Communications, Capaldi Racing and Cragar Wheels.

The winning bidder received the Mustang, along with the opportunity to compete in the SCCA 2011 Pro Racing World Challenge Championship. Other aspects of the winner's package included training and a racing license from the Ford Racing High Performance Driving School at Miller Motorsports Park, and a sponsorship package from SPX for technical and logistical racing support.

About the Barrett-Jackson Auction - Scottsdale, AZ

For four decades, the Barrett-Jackson Auction Company has been recognized throughout the world for offering only the finest selection of quality collector vehicles, outstanding professional service, and an unrivaled sales success. From classic and one-of-a-kind vehicles to exotics and muscle cars, Barrett-Jackson attracts only the best. The auction features approximately 1,000 of the world's finest collector and special-interest automobiles and is attended by approximately 200,000 collectors and enthusiasts from around the globe. For more information, please visit http://www.barrett-jackson.com/events/scottsdale/.

About SPX

SPX Corporation (NYSE: SPW) is a Fortune 500 multi-industry manufacturing leader that provides its customers with highly-specialized, engineered solutions to solve critical business issues.

SPX products and technologies play an important role in the expansion of global infrastructure to help meet increased demand for power and energy and support many different sources of power generation, including coal and natural gas, nuclear, solar and geothermal. The company's innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; highly advanced food processing components and turnkey, scalable systems serving the global food and beverage industry; process equipment that assists a variety of flow processes including oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that allow utility companies to regulate electric voltage, transmission and distribution.

With headquarters in Charlotte, North Carolina, SPX has 15,000 employees in more than 35 countries worldwide. Visit http://www.spx.com/

SOURCE SPX Corporation

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