Press Release Summary:
Utilizing same 10 tools to 1 line controller, Cleco LiveWire tools with Vmax(TM) operate as tethered solutions capable of speed increases up to 83%. Vmax technology auto-senses applied battery or tethered Vmax power source and transitions maximum tool speed capability appropriately. LiveWire tools feature 2.4 GHz WLAN, programmable wireless security encryption and authentication, as well as 512-cyle tool memory buffer that ensures no safety critical data is ever compromised.
Original Press Release:
Cooper Tools Offers Even More Flexibility and Higher Performance with Wireless Intelligent Tools for Safety-Critical Fastening
LEXINGTON, S.C., September 26, 2008 - Cooper Tools announces an industry first, Cleco LiveWire with Vmax(TM), a tethered solution that drives up to 83% more speed without sacrificing accuracy or durability. This new innovation utilizes the same 10 tools to 1 line controller solution with up to 50% cost savings over traditional systems. Vmax is the latest addition to the LiveWire family, the World's first cordless assembly tools for safety-critical joints.
"Our tradition of supplying innovative, cost-effective solutions continues with LiveWire Technology - now you have the choice of cordless freedom or tethered speed," said Dwayne Dupuis. "The Vmax technology auto senses the applied battery or Vmax power source and transitions the maximum tool speed capability on the fly."
LiveWire with Vmax continues to deliver the legendary heritage of durability associated with the Cleco brand. Plug into any standard wall outlet to create a versatile in-station error proofing solution. LiveWire features an industry standard 2.4 GHz Wireless Local Area Network, programmable wireless security encryption and authentification, plus a 512-cyle tool memory buffer that ensures no safety critical data is ever compromised.
About Cooper Power Tools
Cooper Power Tools manufactures a wide variety of DC electric and pneumatic tools, assembly equipment and related software, specialized drills and cutters, servos, torque measurement and controls, screwdriver bits and sockets, hoist and universal joints. For more information, visit www.cooperpowertools.com.
About Cooper Industries
Cooper Industries, Ltd. (NYSE: CBE) is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87% of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. Sixty percent of total sales are to customers in the Industrial and Utility end-markets and 34% of total sales are currently to customers outside the United States. Cooper, which has more than 31,500 employees and manufacturing facilities in 23 countries, is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the website at www.cooperindustries.com.