26/06/16

PANAMA: THE ITALIAN COMPANY LU-VE COOLS THE CONTROL SYSTEMS OF THE NEW CANAL

26 June 2016: After the official inauguration, the new Panama Canal opens for business, aiming to double traffic capacity and allow the passage of very large “New Panamax” ships

Uboldo (VA), Italy – 27 June 2016 – LU-VE Group, European leader in the production of equipment for refrigeration and air conditioning, is proud to announce that it has contributed to the New Panama Canal project, supplying the technology for the close control air conditioning of the infrastructure’s “brain” or rather, the control systems which regulate all the traffic: the data centre, uninterruptible power supply rooms, electrical storage and battery rooms as well as the traffic control centres.

The Group has supplied approximately 200 machines of different types and sizes, manufactured by Tecnair and LU-VE Exchangers in their production facilities in Uboldo (VA), Italy. In particular, Tecnair provided the close control A/C equipment coupled to an equal number of air cooled condensers from LU-VE Exchangers. The contract was managed by LU-VE Iberica of Madrid, the Group’s Spanish branch.

Iginio Liberali (founder and president of LU-VE Group, which is listed on the AIM stock market) said: “In the year that we celebrate our first 30 years, and on the eve of our elevation to the senior market of the Italian Stock Exchange, we are especially proud to represent the Made-in-Italy concept in a project at this level. The raw material of LU-VE is brain-power and our added value comes from our human resources, providing research, development and technology: elements that we have always invested in. I consider this to be not only an important result but also a stimulus to tackle the challenges which await us, with the same wisdom and the same commitment. New successes will come from this!”