ITT Renews Emphasis on Alternative Fuel Technology Products

VALENCIA, Calif.--(Business Wire)--
Responding to energy industry studies that show petroleum prices continuing to
climb steadily in the future, ITT Corporation today announced a renewed emphasis
on providing governments and businesses around the globe with leading-edge
technologies designed to reduce their dependence on oil-based fuels.

"The need for greater energy efficiency is one that`s only going to grow more
acute in the years to come," said Jim Dauw, president of ITT`s Control
Technologies business. "The current uncertainty of the global economy has
resulted in wildly fluctuating energy prices, but long-term trends indicate
these costs are definitely going to rise. At ITT, we have the capability to
offer our customers a wide range of innovative products based on alternative
fuel sources, such as environmentally friendly compressed natural gas (CNG)
regulators. Over time, these products have earned a reputation for world-class
reliability and performance in the most demanding applications."

An example of this innovation comes from ITT Conoflow, a unit of ITT. For more
than a generation, it has supplied bus, truck and auto manufacturers with
compressed natural gas regulators that are used in systems to convert vehicles
to operate either exclusively on CNG or on a "dual-fuel" combination with petrol
or diesel.

"Long before energy efficiency was the issue it is today, we were leading the
way in this field," said Steve Piluk, product manager for Alternative Fuels, ITT
Conoflow. "We are now regarded as a `best-in-class` provider for compressed
natural gas regulators for heavy-duty engine applications - those that are 5.0
liters or larger in size."

ITT Conoflow also supplies these regulators to system developers and providers,
such as Advanced Fuels Technology Pty., Ltd. (AFT), based in Melbourne,
Australia, and FAB Industries, located in Anniston, Ala. The former supports the
alternative fuels industry throughout Australia and Southeast Asia, while the
latter is North America`s largest supplier of alternative fuel systems and
infrastructure for transit bus, medium duty trucks and refuse truck
manufacturers.

Recently, AFT used ITT Conoflow`s HPNGV Series CNG Regulator when installing
dedicated CNG systems in a fleet of Iveco refuse trucks, as well as Mack
concrete trucks, thereby reducing the vehicles` fuel costs and lowering critical
greenhouse-gas emissions.

Likewise, FAB Industries routinely incorporates ITT Conoflow`s HPNGV Series
Heavy Duty CNG Regulator when providing alternative fuel systems for mass
transit buses, which represent one of the company`s main focuses.

"The fleets have been satisfied with the benefits they`ve seen from switching
their vehicles to a dedicated CNG system - benefits that would not have been
possible without ITT Conoflow`s contributions," said Ron Eickelman, president of
FAB Industries.

Added Sean Blythe, CEO of AFT: "ITT Conoflow`s technology has played a key role
in the technical reputation of our business. We are proud to have forged such a
long and mutually fulfilling partnership."

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company
operating on all seven continents in three vital markets: water and fluids
management, global defense and security, and motion and flow control. With a
heritage of innovation, ITT partners with its customers to deliver extraordinary
solutions that create more livable environments, provide protection and safety
and connect our world. Headquartered in White Plains, N.Y., the company
generated 2008 sales of $11.7 billion. www.itt.com

ITT Corporation
Marcy Barberio, 716-662-1900
marcy.barberio@itt.com

Copyright Business Wire 2009