HILLIARD, Ohio--(BUSINESS WIRE)--
Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS), a leading global
manufacturer of water management solutions, today announced its latest
breakthrough in storm water pipe technology, HPXRTM 75. This
new technology provides heightened levels of stiffness, is available in
a range of sizes, and yields significant cost benefits for customers
compared to alternative products.
"ADS continues to address critical infrastructure challenges through the
industry’s most comprehensive and innovative suite of storm water
solutions,” said Joe Chlapaty, Chairman and Chief Executive Officer,
ADS. “HPXR 75 complements our existing solution set by allowing
customers to strategically focus capital on high performance products
that offer cost savings and extended design service life.”
Chlapaty continued, “The HPXR 75 product will enable us to make
significant inroads in the large and growing infrastructure and public
construction markets for larger diameter storm pipe. The construction
industry is seeking product options with improved service
characteristics, installation durability and increased joint
performance; the HPXR 75 product line will directly address those needs.”
ADS internally developed and designed HPXR 75, continuing an innovative
legacy that includes N-12, HP, Nyloplast and StormTech. The
revolutionary design of the pipe incorporates a corrugated polypropylene
pipe with a smooth outer wall that incorporates oriented fiberglass
reinforcement, creating a pipe with increased stiffness, approximately
75 pii, and installation performance. The product will be available in
diameters ranging from 30 to 60 inches, and 13 and 20 foot lengths.
HPXR 75 will allow for a broad range of backfill materials and
installation conditions, reducing costs while increasing installation
speed with confidence of consistent line and grade. The watertight bell
and spigot exceeds ASTM D3212 and complies with ASTM F477.
For additional information, contact any local ADS office or go to: www.ads-pipe.com.
About Advanced Drainage Systems, Inc.:
Advanced Drainage Systems (ADS) is the leading manufacturer of high
performance thermoplastic corrugated pipe, providing a comprehensive
suite of water management products and superior drainage solutions for
use in the construction and infrastructure marketplace. Its innovative
products are used across a broad range of end markets and applications,
including non-residential, residential, agriculture and infrastructure
applications. The Company has established a leading position in many of
these end markets by leveraging its national sales and distribution
platform, its overall product breadth and scale and its manufacturing
excellence. Founded in 1966, the Company operates a global network of 61
manufacturing plants and 31 distribution centers. To learn more about
the ADS, please visit the Company’s website at http://www.ads-pipe.com.
Forward Looking Statements:
Certain statements in this press release may be deemed to be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are not historical
facts but rather are based on the Company’s current expectations,
estimates and projections regarding the Company’s business, operations
and other factors relating thereto. Words such as “may,” “will,”
“could,” “would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates,” “confident” and similar expressions are used to identify
these forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in the Company’s filings with the Securities and
Exchange Commission
View source version on businesswire.com: http://www.businesswire.com/news/home/20170123005119/en/
Advanced Drainage Systems, Inc.
Marketing
Tori Durliat,
419-424-8275
[email protected]
or
Investor
Relations
Michael Higgins, 614-658-0277
[email protected]
Source: Advanced Drainage Systems, Inc.