Dover Corporation - DOV STOCK NEWS

Dover (NYSE: DOV) announced a significant multiyear contract between its subsidiary SWEP and Kvitebjørn Varme AS to supply Energy Transfer Stations (ETS) for district heating in Tromsø, Norway. The agreement facilitates the delivery of 25-35 ETS units annually to support Kvitebjørn's goal of 96% renewable energy usage by 2023. SWEP will provide technical expertise alongside equipment delivery, having previously collaborated since 2017. This partnership underscores Dover's commitment to renewable energy solutions in heating.

Belvac, a part of Dover (NYSE: DOV), announced a significant investment to expand its container and engineering services. The introduction of a new two-piece can pilot line enhances production capabilities to meet rising global demand for beverage can-making equipment. Additionally, Belvac is increasing its manufacturing capacity by 40,000 sq ft in Bedford County, VA. The company plans to grow its workforce by 15% in 2021 to support expanded services. Belvac aims to produce specialty-shaped containers and test materials for innovative packaging solutions.

Dover (NYSE: DOV) announced that President and CEO Richard J. Tobin will participate in two virtual industry conferences in March 2021. The first is the J.P. Morgan Industrials Conference on March 16, 2021, at 10:30 a.m. ET, followed by the Bank of America Securities Global Industrials Conference on March 17, 2021, at 10:40 a.m. ET. Live audio webcasts will be accessible through dovercorporation.com, with replays available for 90 days. Dover is a diversified global manufacturer, generating approximately $7 billion in annual revenue.

Dover's subsidiary, Caldera, has launched CalderaRIP Version 14, compatible with HP's Latex 700 and 800 printers. This software enhances digital printing operations, allowing control over multiple printers and peripherals from a single license. It reduces media wastage and optimizes ink usage, contributing to high productivity. With impressive speeds (up to 388 sq ft/hr for Latex 800), the software is tailored specifically for HP printers, ensuring consistent quality across various applications. Dover maintains a strong market position with annual revenues around $7 billion.

Destaco, a subsidiary of Dover (NYSE: DOV), has launched the TC1 manual tool changer tailored for collaborative robots (cobots). Designed for applications like pick and place, the TC1 enhances cobot efficiency with its lightweight, compact design, facilitating rapid installation without additional hardware. Key features include a self-locking mechanism, direct electrical integration with Universal Robots, and compatibility with Robohand grippers. With the rising demand for adaptable automation solutions, the TC1 aims to meet customer needs while driving productivity across various industries.

Blackmer, part of Dover (NYSE: DOV), has launched the Blackmer+ mobile app aimed at enhancing maintenance management for its pumps and compressors. Available on both iOS and Android, the app allows users to register equipment, connect directly with factory support, manage maintenance schedules, and access product documentation easily. This initiative aligns with customer demands for reduced operational costs and improved efficiency, showcasing Blackmer's commitment to innovation and customer service.

The Board of Directors of Dover declared a regular quarterly cash dividend of $0.495 per share, set to be paid on March 15, 2021. This dividend is for shareholders on record as of February 26, 2021. Dover, headquartered in Downers Grove, Illinois, reported annual revenue of approximately $7 billion and operates through five segments including Engineered Products and Fueling Solutions. The company's commitment to shareholder returns continues with this dividend announcement.

Dover has appointed Deborah L. DeHaas as an independent director, expanding its Board to 10 members, 9 of whom are independent. DeHaas's extensive experience includes leadership roles at Deloitte, enhancing corporate governance oversight. Dover, a diversified global manufacturer with annual revenues of approximately $7 billion, focuses on innovative solutions across multiple segments. CEO Richard J. Tobin emphasized that DeHaas's expertise will strengthen the Board's ability to drive shareholder value.

Dover (NYSE: DOV) announces that President and CEO Richard J. Tobin will virtually present at two key industry conferences in February 2021. The events include the Barclays Industrial Select Conference on February 16 at 8:10 am ET and the Citi 2021 Industrials Conference on February 17 at 9:40 am ET. Live audio webcasts will be available on dovercorporation.com, with replays archived for 90 days. Dover, a leading global manufacturer with annual revenues of approximately $7 billion, operates in multiple sectors, emphasizing innovation and customer collaboration.