Swords, Ireland, November 18, 2013 – Ingersoll-Rand plc (NYSE: IR) announced today that in preparation for its spin-off, Allegion will share details about its business at an investor meeting on Monday, November 18, 2013, at 12:30 p.m. ET. The meeting will be led by Dave Petratis, chairman, president and chief executive officer, and Patrick Shannon, senior vice president and chief financial officer.
“Allegion is a global provider of security solutions that help keep people safe where they live, work and visit,” Petratis said. “We have a portfolio of industry-leading brands, a record of quality and innovation, broad distribution channels with over 7,000 channel partners, a robust business operating system that drives operational excellence, and a sound strategy for future growth. We look forward to sharing Allegion’s story as an independent company with the investment community. We are confident that this meeting will be the start of a fruitful relationship that will develop further as Allegion grows.”
A real-time, listen-only webcast of the meeting will be broadcast live over the Internet. Individuals wishing to listen can access the meeting through Ingersoll Rand’s website at www.ingersollrand.com, or by telephone by dialing 877-810-3912 (domestic) or 973-200-3070 (international); conference code 12967821.
For those unable to listen to the live event, a replay will be available later today on Ingersoll Rand’s website.
This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements that relate to Allegion’s business, its future business strategy, the success of its business operating system and its ability to grow. These forward-looking statements are based on Allegion’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our ability to successfully, if ever, complete the proposed spinoff; the ability of Allegion to fully realize the expected benefits of the proposed spinoff; global economic conditions, demand for Allegion’s products and services and tax law changes. Additional factors that could cause such differences can be found in Allegion’s Form 10. We assume no obligation to update these forward-looking statements.
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About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating and sustaining safe, comfortable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; secure homes and commercial properties; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
About Allegion
Allegion helps keep people safe where they live, work and visit. Allegion is pioneering safety as a provider of security solutions for homes and businesses through 23 global brands. Allegion specializes in security around the doorway and beyond: everything from residential and commercial locks, door closers and exit devices, steel doors and frames, to access control and workforce productivity systems. Allegion is a $2 billion business employing more than 7,600 people and offering products in more than 120 countries across the world.
Allegion’s portfolio includes strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®; and other brands including aptiQ®, Briton™, Bricard®, Dalco™, Dexter by Schlage®, Falcon®, Fusion Hardware Group™, Glynn-Johnson®, ITO Kilit™, Ives®, Kryptonite®, Legge®, Martin Roberts™, Normbau™, Randi™, Steelcraft®, XceedID®.
For more, visit allegion.com
Contacts:
Media
Susana Duarte de Suarez
(317) 810-3393, [email protected]
Analysts:
Tom Martineau
(317) 810-3759, [email protected]
