VALVE MAGAZINE Summer 2023

CALENDAR

share in cash, representing a 55% premium to the compa ny’s closing stock price. KKR is making its invest ment in Circor through its North America Fund XIII. The investment builds on KKR’s experience investing in flow control technologies and aerospace and defense industry suppliers globally, including Ingersoll Rand (formerly known as Gardner Denver), Flow Control Group, Hensoldt and Novaria Group. The board of directors of Circor has unanimously approved the transaction and recommends that Circor shareholders vote in favor of the transaction. The transaction is expected to close in the fourth quar ter of 2023, subject to the receipt of approval from the company’s shareholders and certain required regulatory approvals, as well as the sat isfaction of other customary closing conditions. The board has the right to terminate the merger agreement to enter into a superior pro posal, subject to the terms and conditions of the merger agreement. Following the close of the transaction, KKR will support Circor in expanding its equity ownership pro gram to allow all employees to have the opportunity to participate in the benefits of ownership of the company. This strategy is based on the belief that employee engagement is a key driver in building stronger compa nies. Once the transaction is complete, Circor will be a pri vately held company wholly owned by KKR’s investment funds and will no longer have its common stock listed on any public market.

CURTISS-WRIGHT SELECTED BY NEI TO DEVELOP NEXT-GEN PADS Curtiss-Wright’s Nuclear division announced that it has been awarded a contract by the Nuclear Energy Insti tute (NEI) to develop the Next Generation Personnel Access Data System (Next Gen. PADS). First introduced in 1988, NEI’s PADS software is used by U.S. commercial nuclear licensee members to share access authorization, fitness-for-duty, training and radiation protection information. Curtiss-Wright will col laborate with NEI and its industry steering committee in the design, testing and implementation of the Next Generation PADS software. The company’s In-Processing and Access Authorization (IPAA) suite is comprised of three software applications designed to optimize nuclear in-processing, access autho rization, and fitness-for-du ty activities. Over 65% of U.S. nuclear power utilities use IPAA applications. Curtiss-Wright is perform ing the work at its Idaho Falls, Idaho, facility within its Nuclear division in the Naval & Power segment. The project commenced in Q2 2023 and is scheduled for completion by the end of 2024. AMERICA MAKES AND ANSI PUBLISH ROADMAP FOR ADDITIVE MANUFACTURING V3.0 America Makes and the American National Standards Institute (ANSI) announced the publication of the Stan dardization Roadmap for Additive Manufacturing, Version 3.0, developed by the America Makes and ANSI Additive Manufacturing Standardization Collabora

tive (AMSC). The roadmap describes the current and desired future standardiza tion landscape for additive manufacturing (AM) and focuses on industrial market sectors using AM technol ogies. A total of 141 stan dardization gaps (including 60 new gaps) are identified with corresponding recom mendations across the AM lifecycle areas of design; precursor materials; process control; post-processing; finished material properties; qualification and certifica tion; nondestructive eval uation; maintenance and repair; and data. The hope is that the roadmap will be broadly adopted by the user community to facilitate a more coordinated approach to the future development of AM standards. The AMSC is a cross-sec tor coordinating body that works to accelerate the development of indus try-wide AM standards. NEW PARTNERSHIP FORMED TO TREAT AND DESTROY PFAS FROM MUNICIPAL WATER SYSTEMS Ovivo Inc. (“Ovivo”), a glob bal provider of water and wastewater treatment equip ment, technologies and systems, announced a new strategic partnership with E2metrix Inc. (“E2metrix” and together with Ovivo, the “Partners”) to develop and commercialize a complete integrated solution to treat and destroy perfluoroalkyl and polyfluoroalkyl sub stances (“PFAS”), commonly called the forever chemi cals, and other emerging contaminants present in water and wastewater. The solution will permanently safeguard public health and provide a viable onsite PFAS

SEPTEMBER 27-29 VMA/VRC Annual Meeting (VMA Members only) Savannah, GA Vma.org/AnnualMeeting OCTOBER VMA Webinar: Hydrogen & Carbon Capture ALL YEAR LONG Valve Basics Virtual: Available all year Vma.org/VirtualBasics APRIL 9 Hydrogen Valve Summit Houston, TX 10-11 Valve Forum: Conference & Exhibits Houston, TX VMA.org 2024

SUMMER 2023 VALVE MAGAZINE

OTHER VMA EVENTS Please visit vma.org for additional programs as they are scheduled. *Open to VMA/VRC members only. Visit www.VMA.org to learn if your company qualifies for membership.

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