Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

SPX FLOW Says Co Will Provide Ultra High Temperature Process Lines To One Of Middle East's Leading Dairy Producers; Terms Not Disclosed

Author: Benzinga Newsdesk | November 30, 2021 09:15am

 SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, will provide its Ultra High Temperature (UHT) technology process lines to one of the Middle East's leading dairy producers.

SPX FLOW, Inc. Logo (PRNewsfoto/SPX FLOW, Inc.)

The sale comes just days after SPX FLOW and SIG announced something that's unprecedented in the Middle East: a new Technology Center in Dubai that will stretch the value chain all the way from research and development to processing and packaging. The Technology Center will accelerate how customers test a complete delivery solution, speeding up their time to market.

The customer, a producer of long-life milk, flavored milk and feta cheese, will install two UHT process lines, as well as SPX FLOW valves, pumps, a homogenizer, a mixer and components for plate heat exchangers.

"This is exactly what we envisioned would happen with the Technology Center," said Gerard Lang, SPX FLOW's vice president of Nutrition & Health Systems. "This new collaboration makes us a one-stop provider for a complete process solution, and companies in the Middle East have been waiting a long time for this."

SPX FLOW helped pioneer UHT development during the 1950s and 1960s. Today, the company offers a large choice of technology, ranging from low cost "express" systems to customized solutions that meet exact processing needs and specific product qualities.

UHT processes many products, such as dairy, grain, fruit, nuts and liquids, including yogurt, sauces, juices and baby food. At the Technology Center, SPX FLOW will test products, finding the right balance between optimal temperature and total processing time. This extends product shelf life while retaining the taste, texture and depth consumers expect.

One of SPX FLOW's most popular UHT technologies is InfusionPlus. It holds products at high temperatures for only a short time. The UHT reaches 157°C, and the holding time is less than 0.1 seconds.

For many competitors, the holding time often takes at least 1 second, which means the product cannot sustain temperatures as high as InfusionPlus. SPX FLOW has done trials with its own equipment, and even just an extra tenth of a second meant people could taste the caramelisation. It's called the Maillard reaction, and it changes the color of the milk while also making it taste boiled.

"Customers are quickly making reservations at the Technology Center to benchmark their recipes to see about taste and color," Lang said. "We expect in the next few months, the Technology Center will be fully booked."

To learn more about SPX FLOW, please visit our website.

Posted In: FLOW

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist