Dover Corp - DOV STOCK NEWS

Dover Precision Components, a division of Dover (NYSE: DOV), announced the activation of robotic tuggers at its Inpro/Seal facility in Rock Island, Illinois, on September 30, 2020. This initiative aims to enhance Lean manufacturing, improve product flow, and advance safety by automating material handling. The robotic systems will reduce work-in-progress and optimize production lead times. Dover's strategy focuses on continuous improvement and safety, with previous automation upgrades complementing this initiative to further enhance operational efficiency.

Dover Fueling Solutions (DFS) has launched the DMP Probe, a groundbreaking addition to its fuel management product line. This global solution is designed to enhance fuel management for retailers, utilizing magnetostrictive technology for precise liquid readings. Initial launch includes a wired model, with a wireless variant expected later. The DMP is compatible with various DFS systems and supports multiple fuel types, making it versatile for different markets. The product's successful rollout signals DFS's commitment to innovation in the fuel management sector.

Dover Food Retail, a segment of Dover (NYSE: DOV), has launched the Optimax 7 Series LED lighting to enhance refrigerated case merchandising in food retail operations. This new series focuses on improved uniformity, high-color rendering, and reduced energy usage. Key features include Low Power for walk-in applications and options for Standard and French Swing doors, available in two color temperatures. The launch reflects Dover's commitment to innovation and energy efficiency, aiming to increase cold-vault sales and product visibility for retailers.

Dover (NYSE: DOV) announced that its President and CEO, Richard J. Tobin, will present at the Morgan Stanley Virtual Laguna Conference on September 16, 2020, at 9:00 am ET. Interested parties can access a live audio webcast via dovercorporation.com, with a replay available for 90 days. Dover, a diversified global manufacturer, generates approximately $7 billion in annual revenue and operates in five segments, employing over 23,000 people worldwide.

Marathon Equipment, part of Environmental Solutions Group and Dover (DOV), has launched the RJ-250SC²™ self-contained compactor. This innovative compactor improves maintenance by elevating cylinders to reduce maintenance needs and costs. The new design increases accessibility and safety for technicians while addressing issues with traditional compactor designs in wet waste environments. Marathon Equipment, established in 1968, specializes in durable and easy-to-maintain compactors and recycling equipment.

Dover (NYSE: DOV) will conduct a virtual analyst and investor meeting on September 14, 2020, at 11:00 a.m. Eastern time. The focus will be on the Pumps and Process Solutions segment and the biopharma market. Presentations will be made by Richard J. Tobin, President and CEO, and key executives from the segment. A live webcast and materials will be available on dovercorporation.com prior to the event. Those interested can join in audio-only mode or submit questions by dialing the provided numbers. The session will also be recorded and accessible later.

Blackmer, a division of Dover (NYSE: DOV), announced the launch of its new MAGNES Series Sliding Vane Magnetic Drive Pumps on September 2, 2020. These pumps utilize advanced seal-less magnetic drive technology to address operational challenges such as dry running and handling viscous or hazardous liquids. The pumps offer benefits including self-priming, low maintenance, and high efficiency (70-90%). Currently available in a 3-inch model, a 4-inch model is expected in January 2021. The MAGNES Series aims to enhance performance in severe-duty applications and is designed for flexibility in varying operational conditions.

Dover has completed the acquisition of XanTec Steuerungs- und EDV-Technik GmbH, a German firm specializing in automation solutions for industrial machinery, particularly in plastic and polymer processing. This acquisition enhances the Maag Group's offerings within Dover's Pumps & Process Solutions segment. The integration positions Maag to expand its market presence in aftermarket services and IoT-enabled solutions. The transaction's financial details remain undisclosed. Dover, with annual revenue of approximately $7 billion, continues to innovate across various sectors.

Destaco, a division of Dover (NYSE: DOV), has launched a new line of patent-pending Manual Swing Clamps aimed at enhancing productivity in industrial, aerospace, and automotive sectors. This product combines features of existing pneumatic and straight line clamps, responding to customer demand for cost-effective, manually operated solutions without air requirements. Key features include a detent mechanism for secure positioning and future models integrating Toggle Lock Plus™. This development is expected to provide customers with additional tools for demanding workholding applications.