Badger Meter Celebrates Transfer to the NYSE from the AMEX

MILWAUKEE--()--Badger Meter, Inc. today announced its stock has begun trading on the New York Stock Exchange (NYSE) under its current ticker symbol BMI. The company transferred its listing to the NYSE from the American Stock Exchange.

We are honored to join the many leading companies on the Big Board. This milestone reflects the progress we have made as a public company and begins a new chapter for Badger Meter, said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter.

We are pleased to welcome Badger Meter to our growing family of listed companies, said Catherine R. Kinney, group executive vice president and head of global listings, NYSE Euronext. We look forward to a beneficial and lasting partnership and to providing the company and its shareholders with the highest levels of service and brand visibility associated with listing on NYSE Euronext markets.

Members of Badger Meters executive management team and Board of Directors commemorated the transfer to the NYSE by ringing todays Opening Bell. Ringing the bell were Richard A. Meeusen, chairman, president and chief executive officer; Ronald H. Dix, senior vice president-administration; Richard E. Johnson, senior vice president-finance, chief financial officer and treasurer; and Andrew J. Policano and Ulice Payne, directors of Badger Meter, Inc.

About Badger Meter

Badger Meter is a leading manufacturer and marketer of products incorporating liquid flow measurement and control technologies, developed both internally and with other technology companies, as well as the leader in providing digital connectivity to AMR/AMI technologies. Its products are used to measure and control the flow of liquids in a variety of applications.

Certain statements contained in this news release, as well as other information provided from time to time by the Company or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. The words anticipate, believe, estimate, expect, think, should and objective or similar expressions are intended to identify forward looking statements. All such forward looking statements are based on the Companys then current views and assumptions and involve risks and uncertainties that include, among other things:

  • the continued shift in the Companys business from lower cost, manual read meters toward more expensive, value-added automatic meter reading (AMR) systems and advanced metering infrastructure (AMI) systems;
  • the success or failure of newer Company products, including the Orion® radio frequency AMR system, the Galaxy® fixed network AMI system and the low profile Recordall® Model LP disc series meter;
  • changes in competitive pricing and bids in both the domestic and foreign marketplaces, and particularly in continued intense price competition on government bid contracts for lower cost, manual read meters;
  • the actions (or lack thereof) of the Companys competitors;
  • changes in the Companys relationships with its alliance partners, primarily its alliance partners that provide AMR/AMI connectivity solutions, and particularly those that sell products that do or may compete with the Companys products;
  • changes in the general health of the United States and foreign economies, including, to some extent, housing starts in the United States and overall industrial activity;
  • increases in the cost and/or availability of needed raw materials and parts, including recent increases in the cost of brass castings as a result of increases in commodity prices, particularly for copper and scrap metal, at the supplier level and resin as a result of increases in petroleum and natural gas prices;
  • the Companys expanded role as a prime contractor for providing complete AMR/AMI systems to governmental entities, which brings with it added risks, including but not limited to, Company responsibility for subcontractor performance; additional costs and expenses if the Company and its subcontractors fail to meet the agreed-upon timetable with the governmental entity; and the Companys expanded warranty and performance obligations;
  • changes in foreign economic conditions, particularly currency fluctuations between the United States dollar and the euro;
  • the loss of certain single-source suppliers; and
  • changes in laws and regulations, particularly laws dealing with the use of lead (which can be used in the manufacture of certain meters incorporating brass housings) and the U.S. Federal Communications Commission rules affecting the use and/or licensing of radio frequencies necessary for AMR/AMI products.

All of these factors are beyond the Companys control to varying degrees. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward looking statements and are cautioned not to place undue reliance on such forward looking statements. The forward looking statements made in this document are made only as of the date of this document and the Company assumes no obligation, and disclaims any obligation, to update any such forward looking statements to reflect subsequent events or circumstances.

Badger Meter company news is available

24 hours a day, on-line at: http://www.badgermeter.com.

Contacts

Badger Meter, Inc.
Joan C. Zimmer, (414) 371-5702

Contacts

Badger Meter, Inc.
Joan C. Zimmer, (414) 371-5702