Dover Corporation - DOV STOCK NEWS

Unified Brands, a subsidiary of Dover (NYSE: DOV), has launched the Randell Cheeser Station, aimed at helping pizza restaurants minimize cheese waste and improve product consistency. The station can hold up to 25 pounds of cheese and features a mechanism that recaptures cheese that misses the pizza, potentially enhancing profits by reducing waste. Additionally, a scale option allows for precise cheese measurement, with an estimated payback period of six months. The unit is energy-efficient and designed for easy cleaning.

Dover (NYSE: DOV) announced plans to expand its Quattroflow manufacturing capabilities by constructing a new ISO Class 7 cleanroom in Duisburg, Germany, expected to open in October 2021. This new facility will more than double the existing cleanroom space, addressing the growing demand for single-use pumps used in biopharma production, including COVID-19 vaccine manufacturing. The cleanroom will operate independently while adhering to uniform assembly procedures, enhancing production reliability and consistency for Quattroflow's products.

Dover's Rotary brand announces the launch of two innovative wheel service products: the R1200 Leverless Pro tire changer and the R1065 Mobile Tablet Aligner. The R1200 features automated controls, accommodating wheel diameters from 10 to 30 inches, enhancing efficiency and reducing injury risks. The R1065 offers a cost-effective, portable solution for wheel alignments, requiring no minimum bay size. These products aim to address customer feedback and common workshop challenges, reinforcing Rotary's commitment to innovation and quality in the automotive service industry.

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.