SOURCE: Woodward Governor Company

Woodward Governor Company

November 09, 2010 09:00 ET

Woodward Governor Company Intends to Become Woodward, Inc.

FORT COLLINS, CO--(Marketwire - November 9, 2010) - Woodward Governor Company (NASDAQ: WGOV) today announced its intent to change its corporate name to "Woodward, Inc."

The name "Woodward, Inc." reflects the advancements Woodward has made in delivering energy control solutions while honoring its history of growth and proven performance.

"Woodward is now so much more than governors. With our broad portfolio of energy control systems and components, we deliver innovative products for an energy efficient future," said Thomas A. Gendron, Chairman and Chief Executive Officer.

Amos Woodward developed his patented governor in 1870 to more efficiently control water wheels, which provided the main power to factories and mills. Today, Woodward applies its energy control technologies to manage fluids, motion, electrical power, and combustion.

Woodward's customers rely on the company to help them reduce emissions, increase efficiency, and improve reliability on their aircraft, engines and turbines, and defense systems. Additionally, Woodward's systems play a prominent role in controlling renewable energy, such as converters used in wind turbines, and sensors and controls that enhance the availability, quality and reliability of energy on the grid.

Woodward will be required to amend its certificate of incorporation prior to effecting the name change. Any such amendment will require stockholder approval at an annual or special meeting of Woodward's stockholders. This press release is not a proxy statement or a solicitation of proxies from Woodward's stockholders with respect to the proposed name change. Woodward will submit such amendment to its stockholders for their approval only by means of a definitive proxy statement complying with the requirements of Section 14(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder. 

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.

The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this release include but are not limited to the company's intention to implement a name change to "Woodward, Inc." Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements include, but are not limited to, Woodward's ability to obtain stockholder approval of any amendment to its certificate of incorporation and those risks described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2009 and any subsequently filed Form 10-Q.

Contact Information

  • CONTACT:
    Rose Briani-Burden
    Business Communications
    815-639-6282

    Woodward Governor Company
    1000 East Drake Road
    Fort Collins, Colorado 80525, USA
    Tel: 970-482-5811
    Fax: 970-498-3058