Dover Corporation - DOV STOCK NEWS

On July 13, 2021, SWEP, part of Dover (NYSE: DOV), announced the groundbreaking of a new 3,000 square meter facility in the Košice plant, Slovakia, as part of its expansion project. The facility will enhance production and R&D capabilities and is expected to be operational by early summer 2022. SWEP is also expanding its Swedish plant with new production equipment. This expansion aims to respond to growing market demands while lowering CO2 emissions by 12% since 2018 and improving operational efficiency through automation.

Dover (NYSE: DOV) will release its second quarter 2021 earnings on July 20, 2021, at 6:00 a.m. Central time. A conference call to discuss these results is scheduled for the same day at 9:00 a.m. Central time. Investors can participate by dialing provided numbers or join the live audio webcast on Dover's website. The company, headquartered in Downers Grove, Illinois, has an annual revenue of approximately $7 billion and operates across five segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment.

Dover's subsidiary, 3rd Eye, has launched the Eye-Site™ next-generation data interface, enhancing its Eye-Site Business Intelligence capabilities. This new interface aims to transform how fleet owners access and utilize data, enabling quicker decision-making related to safety, productivity, maintenance, and profitability. The Connected Collections™ strategy empowers customers to optimize equipment performance, leading to cost reductions and increased profits. Initial feedback indicates that the platform is a significant advancement in data reporting and usability.

Dover (NYSE: DOV) has announced the launch of the 84N5 lightweight, high-speed sheet metal gripper by its subsidiary, Destaco. This innovative product aims to enhance productivity in automotive stamping operations by offering higher actuation speed and adaptability. The gripper is part of Destaco's Accelerate® Collection, focusing on lightweight tooling solutions. It features a 30% weight reduction compared to traditional options and 100% in-field re-configurability, allowing for versatile application across various press shop setups. The launch aligns with the market's demand for efficient and adaptable production solutions.

Hydro Systems, part of Dover (NYSE: DOV), announced enhancements to its HydroMinder dispensers for car washes. The updated float valve technology allows dilution down to 2500:1, supporting ultra-concentrates. Designed for various chemicals, the dispensers reduce clogging and enhance productivity. They also feature AccuPro technology for stable dilution performance despite water pressure changes. Hydro Systems aims to provide low-maintenance, reliable solutions for the car wash industry, benefiting manufacturers, distributors, and operators.

Metcal, part of Dover (NYSE: DOV), has announced patent pending software upgrades for its GT90 and GT120 soldering systems. These systems uniquely combine inductive heating technology with adjustable temperature control, offering superior performance compared to traditional resistive systems. The upcoming software will enable users to set precise temperature profiles, enhancing soldering outcomes for temperature-sensitive components. The upgrades become available in June 2021 and will be downloadable directly from the Metcal website, reinforcing Metcal's leading position in the soldering technology market.

On June 9, 2021, Blackmer, a Dover company (NYSE: DOV), announced the launch of its new sliding vane pump, the TLGLF3HD. This pump is designed for reliable and safe transportation of liquid petroleum gas (LPG) via bobtails and transport trucks. Key features include a 55% increase in flow rate compared to previous models and self-adjusting vanes that enhance performance. The TLGLF3HD minimizes equipment wear and optimizes loading times, thus becoming the preferred choice for LPG transport solutions.

Dover's subsidiary, SWEP, has been awarded the AHRI Certification Performance Award for the third consecutive year, recognizing its 100% success rate in testing for brazed plate heat exchangers (BPHEs). All 15 units tested from 2018 to 2020 passed, demonstrating SWEP's commitment to quality in HVAC applications. Currently, there are 46 AHRI-certified BPHEs on the market. The certification ensures accurate performance ratings, aiding customers in selecting reliable products for their heating and cooling needs.

On May 26, 2021, Destaco, a subsidiary of Dover (NYSE: DOV), announced the launch of the RFM/RCM Series, innovatively designed pivot units. These air-powered units feature adjustable opening angles for enhanced flexibility and can be installed both horizontally and vertically, making them suitable for various applications, including welding and assembly. The series emphasizes compact design and includes a patented locking system for improved safety. Destaco continues to serve diverse industries, including automotive and aerospace, with high-performance automation solutions.