Colfax Produces World's Largest Three-Screw Crude Oil Pipeline Pump

New pump capable of serving pipelines up to 24 inches in diameter,
transporting more than 85,000 barrels of crude oil per day

RICHMOND, Va., Oct. 5 /PRNewswire-FirstCall/ -- Colfax Corporation (NYSE:
CFX), a global leader in fluid-handling solutions for critical applications,
announced it has begun production of the world's largest rotary positive
displacement three-screw crude oil pump. The Imo(®) 8L-912Y pump can be
installed on pipelines up to 24 inches in diameter and can cost-effectively
transport more than 85,000 barrels of oil per day at pressures to 2,000 pounds
per square inch.

"We've been getting more requests for larger crude oil transport pumps, so we
developed the 8L-912Y after consultation with our customers," said John A.
Young, president and CEO of Colfax. "The crude oil transport infrastructure is
being updated to accommodate the movement of heavy crude from onshore and
offshore oilfields to downstream operations. Transporting more viscous fluids
with rotary positive displacement screw pumps saves energy and reduces costs
compared to using centrifugal pumps for the same job. As a result, oil
companies and pipeline operators are retrofitting older pipeline booster
stations and, where necessary, building new pipeline networks using rotary
positive displacement screw pumps to move the heavier crude oil to end
markets."

Colfax's Imo(®) 8L Series of pumps are rotary positive displacement screw
pumps that have become the standard for transporting heavy crude because they
provide the lowest total cost of ownership over the life of the pipeline.
These pumps have proven themselves in hundreds of installations under the
harshest conditions around the world during the past 30 years. Heavy crude oil
pipeline design engineers specify the Imo 8L Series screw pumps because they
are more efficient than equivalent centrifugal pumps, lowering pipeline
operating costs by nearly 30 percent. On an annual basis, this saves operators
millions of dollars in reduced energy costs besides having a favorable impact
on the environment.

The hydraulic principle behind screw pump operation delivers both high
volumetric and high overall operating efficiencies. In addition, Imo 8L Series
pumps offer long mean time between repairs and provide ease-of-maintenance
features that maximize pipeline uptime.

Other advantages of the Imo 8L Series of pumps include:
-- Constant flow, even in the presence of varying system back pressures
due
to changes in viscosity.
-- Nonpulsating flow, without the need for pulsation dampeners,
eliminates
stresses imposed on the pipeline system and reduces the risk of
pipeline
failure.

-- Low noise and vibration levels, minimizing foundation requirements.

Colfax engineered additional cost-saving features for the 8L-912Y pump. "This
pump requires no external lube system and can be direct-coupled to a
synchronous-speed driver, without the need for a gear reducer," said Keith
Schafer, vice president of sales and marketing for Colfax Americas, located at
the Monroe, N.C., plant where this pump type is made. "This greatly reduces
the overall footprint of the equipment and simplifies the driver-to-pump
alignment. A simpler solution is a more reliable one."

He continued, "One of the other advantages of this pump series is that its
performance can be further controlled with the use of a variable-speed drive
to dial in the required flow rate, a capability that centrifugal pumps just
can't deliver. This further reduces the customer's overall operating expense
by eliminating recirculation when downstream delivery demands change."

To learn more about the Imo 8L-912Y pump, contact Ben Martin, director of
marketing for Colfax Americas, at ben.martin@colfaxcorp.com or 704-289-6511,
ext. 2430.

ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical
fluid-handling products and technologies. Through its global operating
subsidiaries, Colfax manufactures positive displacement industrial pumps and
valves used in oil & gas, power generation, commercial marine, global naval
and general industrial markets. Colfax's operating subsidiaries supply
products under the well-known brands Allweiler, Fairmount Automation,
Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is
traded on the NYSE under the ticker "CFX." Additional information about Colfax
is available at www.colfaxcorp.com.

ABOUT COLFAX AMERICAS - Colfax Americas delivers Total Solutions for critical
fluid-handling applications throughout the Americas in the Oil & Gas, Power
Generation, Pulp & Paper and other Industrial markets. Headquartered in
Monroe, North Carolina, Colfax Americas is a leading marketer and world-class
manufacturer of a portfolio of pump products as well as a provider of deep
application expertise and embedded service and support to its customers.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:
This press release may contain forward-looking statements, including
forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include, but
are not limited to, statements concerning Colfax's plans, objectives,
expectations and intentions and other statements that are not historical or
current facts. Forward-looking statements are based on Colfax's current
expectations and involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in such
forward-looking statements. Factors that could cause Colfax's results to
differ materially from current expectations include, but are not limited to
factors detailed in Colfax's reports filed with the U.S. Securities and
Exchange Commission as well as its Annual Report on Form 10-K under the
caption "Risk Factors". In addition, these statements are based on a number of
assumptions that are subject to change. This press release speaks only as of
this date. Colfax disclaims any duty to update the information herein.

The term "Colfax" in reference to the activities described in this press
release may mean one or more of Colfax's global operating subsidiaries and/or
their internal business divisions and does not necessarily indicate activities
engaged in by Colfax Corporation.

SOURCE Colfax Corporation

Joe Niemann of Colfax Corporation, +1-804-327-5679,
Joe.Niemann@colfaxcorp.com