Franklin Electric SubDrive Utility™ Now Includes PSC & Surface Pump Functionality

FORT WAYNE, Ind., June 21, 2018 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc.’s (NASDAQ:FELE) SubDrive Utility Variable Frequency Drive has been enhanced to include submersible permanent split capacitor (PSC) and surface pump functionality. The drive now turns a variety of conventional water pumping systems into constant pressure systems, including 2-wire submersible pumping systems ranging from 1/3 hp up to 1-1/2 hp, along with 115 V and 230 V single-phase 2-wire submersible PSC, above-ground booster, and jet pumps with overload current ratings from 4.6 A to 13.1 A. Current drives in the field can access this same functionality through a simple firmware update located in the Downloads section of the SubDrive Utility product page on www.franklinwater.com.   

Designed with a conveniently compact footprint, SubDrive Utility features a sleek NEMA 3R enclosure rated for both indoor and outdoor use that provides a degree of protection against falling rain or sleet. It retrofits to most submersible pumping systems utilizing a Franklin Electric 2-wire motor, making the transition seamless for current systems.

SubDrive Utility was designed for efficiency, both related to cost and performance. Separate of the pump and motor, the drive makes troubleshooting and maintenance of the pumping system simple. In cases where the pump and/or motor requires replacement, it is fully functional with the new products, saving the hassle of added inventory and higher costs that come with other all-in-one submersible units. Standard mesh screens minimize intrusion of insects and other performance inhibiters while still allowing for optimal cooling of the drive. SubDrive Utility ships standard with a traditional SubDrive pressure sensor, but is also fully compatible with an analog pressure transducer to provide added contractor flexibility.     

For more information about SubDrive Utility or any other product within Franklin Electric’s product portfolio, visit www.franklinwater.com.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2017, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

Contact: Eric Pulley
  Franklin Electric Co., Inc.
  Tel: 260-827-5677
   
PR Contact:  Valerie Harding
  Ripple Effect Communications
  Tel: 617-536-8887

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d4793ed5-6a84-43d4-b2ce-f8d687539680

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