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Posted by sonny 04/20/2009 @ 05:08

Tags : ingersoll-rand, industrial supplies and services, business

News headlines
CRISIL assigns `AA+/Stable/P1+` ratings to Ingersoll-Rand -
Credit rating agency, CRISIL has assigned its ratings of AA+/Stable/P1+ to the bank facilities of Ingersoll Rand (Q, N,C,F)* (India) (Ingersoll). The ratings reflect Ingersoll`s established presence, with strong brands, in the compressor manufacturing...
Ingersoll Rand biometric access control systems provides helping ... -
Ingersoll Rand Security Technologies announced today that the Augusta Metro Federal Credit Union (Augusta, Ga.) is using a standalone Schlage biometric HandKey reader to provide its customers with self-service access to the safe deposit vault....
Elusive bull found munching grass at former Ingersoll-Rand property - The Express Times -
The bull now is standing still, eating grass in the field on the former Ingersoll-Rand property. The field has a fence along at least one side. Greg Babbitt, a Phillipsburg High School teacher and adviser of the FFA club, has arrived with a bucket of...
10-Q: INGERSOLL RAND CO LTD - MarketWatch (press release)
Ingersoll-Rand Company Limited (IR-Limited), a Bermuda company, and its consolidated subsidiaries (we, our, the Company) is a diversified, global company that provides products, services and solutions to enhance the quality and comfort of air in homes...
Zacks Analyst Blog Highlights: Applied Materials, Ingersoll Rand ... - Earthtimes (press release)
This is very bad news for firms that sell factory equipment, ranging from Applied Materials (Nasdaq: AMAT) to firms like Ingersoll Rand (NYSE: IR). If mines are not working at capacity, it means that they will have idle equipment, and are not likely to...
Glenn Greenberg Buys US Bancorp, Waters Corp., General Dynamics ... -
Glenn Greenberg buys US Bancorp, Waters Corp., General Dynamics Corp., sells America Movil SAB de CV, Comcast Corp., Eaton Corp., IngersollRand Company Ltd. during the 3-months ended 03/31/2009, according to the most recent filings of his investment...
Ingersoll Rand (IR) PriceWatch Alert For 5/6/2009 - Calendar ... - Market Intelligence Center
Ingersoll Rand (NYSE: IR) closed yesterday at $23.23. So far the stock has hit a 52-week low of $11.46 and 52-week high of $46.66. The proprietary Key Risk Ranking for IR has declined from a 4 KEY Low Relative Risk to a 3 KEY Moderate Relative Risk....
Ingersoll-Rand (India) March net dips 42% - Hindu Business Line
MUMBAI: Construction and mining machinery maker Ingersoll-Rand (India) Wednesday said its net profit for the quarter ended March 31 has dipped by 42 per cent to Rs 13.25 crore compared to the same period last fiscal. The company had a net profit of Rs...
Ingersoll Rand CFO lists 4BD in Chesterfield - Blockshopper
Mr. Shawley is a chief financial officer at Ingersoll Rand, a multi-brand commercial products manufacturer. He was senior vice president and president of the Climate Control Technologies Sector with the company prior to that....

Ingersoll-Rand ABG

Ingersoll-Rand ABG is a sub division of Ingersoll Rand devoted to the manufacturing of road construction equipment, particularly pavers and rollers for asphalt concrete. ABG's headquarters are in Hamelin, Germany. As of 1 May 2007, the entire road division of Ingersoll-Rand including ABG has been sold to Volvo.

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Ingersoll Rand

Panoramic view of Ingersoll Rand Security Technologies in Durchhausen

Ingersoll Rand (NYSE: IR) is a $17 billion global diversified industrial company founded in 1871. The Ingersoll Rand name came into use in 1905 through the combination of Ingersoll-Sergeant Drill Company and Rand Drill Company. Ingersoll Rand is part of the S&P 500, one of the 13 companies in that index that is incorporated outside the U.S.

Ingersoll Rand is a global provider of products, services, and integrated solutions to industries as diverse as transportation, manufacturing, construction, and agriculture. Examples include refrigeration, biometric security systems, medium to large-scale air compressors, and compact vehicles for construction and movement of people and goods.

In 1871, Simon Ingersoll founded Ingersoll Rock Drill Company. In 1905 Ingersoll-Sargeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. Ingersoll Rand has largely grown by acquisition since that time.

In October 2001 shareholders voted to move the company's incorporation to Bermuda to capitalize on the savings on U.S. corporate income taxes on products sold overseas. Moving the company on paper cost only $27,000 USD per year, with a tax savings estimated at $40 million USD. See tax haven.

The company's executive offices were moved from Woodcliff Lake, New Jersey to neighbouring Montvale, New Jersey in 2004.

In July 2004, the Drilling Solutions business of Ingersoll Rand was sold to Atlas Copco. In May 2007 the company announced it was looking into a sale or spin-off of its Bobcat, utility equipment, and attachments divisions. With this divestiture, Ingersoll Rand will be left with the Industrial Technologies, Climate Control Technologies, and Security Technologies sectors. This would complete the transformation from the diversified machinery label to a diversified industrial company.

In February 2007, Volvo, a Swedish truck and construction equipment manufacturer, announced its agreement to buy the road construction equipment division of Ingersoll-Rand for $1.3 billion in cash to expand its operations in the U.S. The road unit manufactures and sells asphalt paving equipment, compaction equipment, milling machines and construction-related material handling equipment and generated net revenues of approximately $850 million for 2006. The sale includes manufacturing facilities in Pennsylvania, Germany, China and India, as well as 20 distribution and service facilities in the U.S. The business employs approximately 2,000 people worldwide.

On July 30, 2007, Ingersoll Rand announced that the utility and attachment businesses had been sold to Doosan Infracore, part of the South Korean chaebol Doosan, for USD $4.9 billion.

On December 17, 2007, Ingersoll Rand announced that an offer to purchase HVAC supplier, Trane, in a stock and cash transaction. The purchase was approved by Trane's stockholders, and the unit became a part of the Climate Control Technologies business, which is divided into commercial and residential business units, each reporting directly to the Chairman. The sale was completed on June 5, 2008.

Ingersoll Rand's portfolio of businesses are divided into three distinct sectors.

The Climate Control Technologies includes the brands of Hussmann, Koxka, Krack and Thermo-King. Hussmann, located in Bridgeton, Missouri, is a full-service commercial refrigeration case manufacturer. Hussman coolers and freezers can be found in most major grocery stores in the United States. Koxka, is a major commercial refrigeration firm for large and small scale food sectors in the European market. Krack services commercial, large commercial and industrial sectors with unit cooling from small walk-in boxes to full cold storage warehouses. Thermo-King, based in Bloomington, MN provides portable refrigeration solutions from mass-transit air-conditioning to sea container refrigeration.

The former Construction Technologies sector included the brands of Ingersoll Rand and Montabert. Ingersoll Rand branded product includes road development equipment such as pavers, rollers and compactors. This division was acquired by Volvo Construction Equipment on 30 April 2007. The Montabert brand is a French company providing rock crushers, pneumatic tools and rock drills. Additionally, the Ingersoll Rand brand of Utility Equipment, such as portable light towers, generators, towable air compressors, material handlers, backhoes, excavators, wheel loaders and fork lifts fell into this category. Sold to Volvo in 2007.

The former Compact Vehicle Technologies sector managed the Bobcat and Club Car brands. Bobcat is the original skid-steer loader, but also builds compact equipment to work on tracks and now includes compact excavators, compaction equipment and various other applications. Club Car is primarily a manufacturer of golf carts and other compact transportation equipment. Bobcat and Club Car products are sold globally. The sale of Bobcat was announced in July 2007, (deal closed on 30 November 2007) to Doosan Infracore of South Korea for $4.9 billion. This was the largest foreign acquisition ever made by a South Korean firm. Club Car will be picked up by Industrial Technologies.

The Industrial Technologies sector is divided into two groups: Air Solutions and Productivity Solutions. The Productivity Solutions Group (PSG) is involved in tools, pumps, ergonomic lifting equipment, and hoists. The Air Solutions Group (ASG) involves the compressed air that powers these devices as well as air compressors, blowers and vacuum pumps for a variety of commercial, industrial and process applications. Key competitors for the ASG are Atlas Copco and Kaeser Kompressoren.

The Security Technologies sector provides security and safety products ranging from mechanical locks to integrated enterprised electronic security solutions. Schlage lock has been a part of Ingersoll Rand since 1974 and provides both residential and commercial mechanical and electronic locking solutions. Von Duprin is the original panic exit device company, with product being developed for quick and easy egress from buildings following the Iroquois Theater Fire in Chicago, Illinois. LCN door closers have been providing cast-iron quality door control products since 1877. Other brands in this sector include Falcon locks, Monarch exit devices, Dor-O-Matic door controls, Ives hinges and decorative hardware products, Dexter residential locks, Steelcraft doors, Locknetics electronic security products and electronic security integration services and products from Geoffrey, Electronic Technologies Corp. and Recognition Systems.

In 2007, the Security Technologies sector started to move the Falcon, Monarch and Dor-O-Matic brands into a new single brand of Falcon Door Hardware. The individual brands will lose their identity in 2008 and 2009.

In Europe the main brands for Security Technology sector are Interflex, Normbau, Randi, Cisa. In Germany the main brand for Security Technology sector is Interflex and Normbau. Interflex Datensysteme GmbH & Co. KG (founded by the entrepreneur Wilhelm Haller whose actual and primary concern was for the humanization of work), is a direct subsidiary of Ingersoll Rand Security Technologies. Its German headquarters is in Stuttgart and was founded in 1976. Manufacturing and Production of security system devices and the Engineering center for R&D is located in Durchhausen which is approximately an hour drive from Stuttgart. The Center for Excellence in electronic hardware design and development is located in Durchhausen.

The other important software development and design center for Interflex is located in Karlsruhe and Erlangen in Germany. It has various regional branches located throughout Germany, Switzerland and Austria. Interflex concentrates on design and development of security systems, security systems with biometric recognition, badge production, door locking electronic systems, integration of security systems, biometrics and time attendance recording. Its also European leader in software for Workforce Management, consulting for Workforce Productivity. In short personnel scheduling, production data recording (PDR), security electronics—hardware and software are company's core business segments.

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Volvo Construction Equipment

These motor graders were produced at a Volvo Motor Graders plant in Goderich, Ontario.

Volvo Construction Equipment (originally Volvo BM) is a subsidiary and business area of AB Volvo. Volvo Construction Equipment develops, manufactures and markets equipment for the construction and related industries.

Volvo CE's product leaders in many world markets include a comprehensive range of wheel loaders, wheeled and crawler hydraulic excavators (aka diggers), articulated haulers (aka dumpers), motor graders, backhoe loaders, skid steer loaders, as well as mini and compact excavators, skid steers, and wheel loaders, pipelayers, demolition equipment, waste handlers and scraper haulers. Volvo Construction Equipment has production facilities in Europe, Asia, North America, and South America. The company offers worldwide service and spare-part distribution as well as a wide range of attachments.

Volvo Construction Equipment mainly distributes its machines through independent dealers and, in parallel with their rental program, to customers in more than 200 countries. Principal Volvo products for the rental centers include the company’s comprehensive line of compact excavators, skid steers, and backhoe loaders.

The corporation's equipment rental arm, Volvo Rents, began its equipment franchising initiative in 2001. The company now has nearly 90 equipment rental centers—mostly in North America—and continues to expand its operations in Europe with rental centers in Portugal and Spain. As part of the Volvo acquisition of Ingersoll Rand road machinery, approximately 30 former "Ingersoll Rand Equipment Stores" have been transitioned to "Volvo Construction Equipment & Services" locations that will sell, rent and support road machinery, compact equipment, and material handling products, such as milling equipment, pavers, compactors, tack distributors, road wideners and material transfer vehicles. In 2008, Volvo formed "Volvo Construction Equipment & Services California," from the IRES and recently acquired "Mathews Machinery" locations based in California.

In 1950, AB Volvo bought the machine manufacturer Bolinder-Munktell (BM). In 1973, the company name was changed to Volvo BM AB. During the 1980s and 1990s, a number of American, European and Asian construction equipment manufacturers were purchased. In 1995, the name was changed to Volvo Construction Equipment. Up until 1985 Volvo BM also produced tractors and other agricultural machines; the tractor manufacturing division was sold to Valmet in 1985.

In February 2007, Volvo announced it had agreed to buy the road construction equipment division of Ingersoll-Rand for $1.3 billion in cash to expand its operations in the U.S.

The unit manufactures and sells asphalt paving equipment, compaction equipment, milling machines and construction-related material handling equipment and generated net revenues of approximately $850 million for 2006. The sale includes manufacturing facilities in Pennsylvania, Germany, China and India, as well as 20 distribution and service facilities in the U.S. The business employs approximately 2,000 people worldwide.

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Doosan Group


Doosan Group is a South Korean conglomerate quoted on the Korea Stock Exchange.

The Doosan Group, with a history spanning over 112 years, is the oldest and one of the largest conglomerates in Korea. When Doosan was founded in 1896, it was the first modernized local store in Korea. The company began as the Park Seung Jik Store in 1896 in Baeogai(now Jongno 4-ga, Seoul), Korea’s first modern store. Since 1896, Doosan has continued to grow and develop into a multinational business empire with diversified businesses across the globe. For more than 100 years, Doosan has contributed to Korea’s industrial growth, with particular emphasis in the consumer goods, industrial production, trading, and construction sectors.

Doosan has developed a new global growth strategy by acquiring several major companies over the last seven years including Doosan Heavy Industries and Construction (formerly Korea Heavy Industries and Construction, a heavy industry company specializing in power and desalination plants) in 2001, Koryeo Industrial Development in 2004, and Doosan Infracore (formerly Daewoo Heavy Industries & Machinery, a company specializing in construction machinery) in 2005. As a result, Doosan has developed an optimal business portfolio in the Infrastructure Support Business industry, which includes industrial infrastructure, construction, machinery, equipment, and key industry development.

In 2006, Doosan proceeded to acquire a number of global companies that either possessed proprietary technologies or were capable of creating synergies with its existing subsidiary companies, including the boiler engineering company Mitsui Babcock UK (renamed as Doosan Babcock) and Kvaerner IMGB, the largest casting and forging company in Romania. In 2007, Doosan acquired a leading construction machinery company, Bobcat Company USA, the world’s largest supplier of small construction equipment. Post acquisition of Bobcat USA into Doosan Infracore, one of the Doosan Group’s subsidiary companies specializing in medium and large construction machinery, the Doosan Group became the world’s seventh largest supplier of construction machinery.

Doosan currently has 21 subsidiary companies in Korea and 112 overseas branch corporations in 33 countries. With a total of over 35,000 employees (20,000 in Korea and 15,000 overseas), in addition to a worldwide network of over 3,700 dealers, Doosan continues to implement a truly diversified global management strategy.

These dynamic changes have led to an improvement in Doosan’s annual financial performance, with revenues increasing from US $2.3 billion in 2000 to US $ 19.8 billion in 2007 for an annual average growth rate of 34%. In addition, Doosan posted a 25% annual growth in operating profits, rising from US $191.5 million in 2000 to US $1.75 billion in 2007. Today, the Doosan Group has become one of the top ten conglomerates in Korea.

In the near future, Doosan plans to increase global overseas investments to US $1. 6 billion to continue its global business expansion and take on a leading role in the global market. Doosan will continue to make multilateral efforts in human resources development for global marketing and strengthen its global business network with the aim of setting new standards in the global market.

Doosan’s core businesses are based on ISB (Infrastructure Support Business). Doosan’s Infrastructure Support Businesses are made up of six subsidiaries: Doosan Corporation, Doosan Heavy Industries & Construction, Doosan Infracore, Doosan Construction & Engineering, Doosan Mecatec, and Doosan Engine. These subsidiaries provide people with electrical power, desalinated drinking water, construction equipment, advanced machinery, defense supplies, houses, highways and bridges, chemical processing equipment, and industrial engines.

Doosan IMGB, the largest casting and forging company in Romania.

Bobcat,Utility Equipment, and Attachments from Ingersoll-Rand As the world’s largest compact construction equipment business, Bobcat, Utility Equipment and Attachments business have an established network of over 2,700 dealers in the U.S. and Europe and operates 16 manufacturing plants in six countries around the world. In 2006 the three businesses generated approximately US$2.6 billion in sales and US$370 million in operating profits and currently maintain the highest world market share in their respective business sectors. The "Bobcat" name is well recognized worldwide as a leading construction equipment brand. Doosan Infracore's primary objective of the acquisition is to enhance its overall product portfolio by adding compact construction equipment to its existing medium and large-scale construction equipment product lines and to help expand and strengthen Doosan Infracore's global manufacturing and sales networks. The acquisition also provides Doosan Infracore with world-class technologies and brand names. Upon completion of this transaction, Doosan Infracore will have a combined network of over 3,700 dealers worldwide and 20 manufacturing plants in countries such as the U.S., China, Belgium, France and the Czech Republic. As a result, Doosan Infracore will be well positioned to become a market leader in the U.S., Europe, and China. Pro forma for the transaction, Doosan Infracore's sales will be approximately US$7.4 billion, which will improve the Company's worldwide ranking from 19th to 7th in the construction equipment sector.

Moxy Engineering is a Norwegian manufacturer of articulated dump trucks for off-road use in the earth moving and construction industries. Moxy was founded by the industrialist Birger Hatlebakk, who had previously founded the Glamox factory in Molde.

ATL is located in Lubben, outside Berlin(Germany), and has the original technology to support the production of material handling equipment for warehouses and airports.

In the 2008 Nascar Nationwide Series visit to Mexico in the Corona Mexico 200 presented by Banamex Autodromo Hermanos Rodriguez, Doosan Infracore supplied sponsorship for the number 20 Joe Gibbs Racing Toyota Camry Driven by Kyle Busch, who won the pole and the race for the final race race to be run by this series at that track.

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Orrville, Ohio

Location of Orrville, Ohio

Orrville is a city in Wayne County, Ohio, United States. The population was 8,551 at the 2000 census.

The J.M. Smucker Co., owner of the successful Smucker's brand, is headquartered in Orrville.

Orrville is located at 40°50′29″N 81°46′17″W / 40.84139°N 81.77139°W / 40.84139; -81.77139 (40.841441, -81.771524).

According to the United States Census Bureau, the city has a total area of 5.3 square miles (13.9 km²), of which, 5.3 square miles (13.8 km²) of it is land and 0.19% is water.

As of the census of 2000, there were 8,551 people, 3,305 households, and 2,343 families residing in the city. The population density was 1,600.8 people per square mile (618.3/km²). There were 3,489 housing units at an average density of 653.2/sq mi (252.3/km²). The racial makeup of the city was 90.89% White, 5.93% African American, 0.16% Native American, 1.15% Asian, 0.01% Pacific Islander, 0.51% from other races, and 1.34% from two or more races. Hispanic or Latino of any race were 1.29% of the population. There were 3,305 households out of which 35.2% had children under the age of 18 living with them, 54.4% were married couples living together, 12.2% had a female householder with no husband present, and 29.1% were non-families. 24.8% of all households were made up of individuals and 10.0% had someone living alone who was 65 years of age or older. The average household size was 2.55 and the average family size was 3.04.

In the city the population was spread out with 27.6% under the age of 18, 8.4% from 18 to 24, 29.7% from 25 to 44, 21.2% from 45 to 64, and 13.1% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 94.0 males. For every 100 females age 18 and over, there were 87.6 males.

The median income for a household in the city was $36,500, and the median income for a family was $46,728. Males had a median income of $32,565 versus $25,252 for females. The per capita income for the city was $17,419. About 5.7% of families and 7.7% of the population were below the poverty line, including 7.3% of those under age 18 and 8.2% of those age 65 or over.

Orrville is corporate headquarters for the J.M. Smucker Company. Smucker's has its factory and office complexes located within city limits and a tourist attraction gift shop called "The J.M. Smucker Company Store & Cafe" just south of the city. Orrville is also the home of Orrco Inc. the maker of Orrville Pet Products, Orrville Pet Products is currently recognized as the largest supplier of Pet Products to the hardware industry. Orrville Pet Products are available to tens of thousands of retail stores in all 50 states, as well as throughout the world. Orrville is also home to Will-Burt, a company that specializes in telescoping masts for emergency lighting. Smith Dairy one of northeast Ohio's largest milk producing companies is located in Orrville. The Schantz Organ Company, the largest pipe organ builder still under ownership of the original family, can be found in Orrville. JLG recently reopened its 340,000-square-foot (32,000 m2) facility in Orrville producing lifts and booms that are sold world wide. Orrville has formerly been home to a division of Ingersoll-Rand Company, Volvo Heavy Truck, Crown-Steel, and Westinghouse.

Orrville is home to Orrville City Schools, and Wayne College, which is a branch campus of The University of Akron.

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Gary McCord

Gary Dennis McCord (born May 23, 1948) is an American professional golfer, commentator, author, and actor.

McCord was born in San Gabriel, California and raised in southern California. He was a two-time Division II All-American at UC-Riverside. He won the NCAA Division II individual championship in 1970 and turned professional in 1971.

McCord's best two finishes on the PGA Tour were at the Greater Milwaukee Open, placing second in both 1975 and 1977. During his years on the PGA Tour, he had just under two dozen top-10 finishes.

At age 37 in 1986, McCord joined CBS Sports as a golf analyst, a capacity in which he still serves. He is noted for his outspokenness, a trait that has seen him barred from the CBS commentary team for The Masters. During the network's coverage of the 1995 Masters, he remarked that the 17th green was so fast that it seemed to be "bikini-waxed", and that "body bags" were located behind that green for players who missed their approach shots. Augusta National Golf Club, which organizes The Masters and is notoriously sensitive about how its course is described, used its influence with CBS to have him removed from The Masters commentary team. While McCord has continued to cover virtually all other golf events aired by CBS, he has yet to return to Augusta with the network.

Aside from his CBS commentary duties, McCord also plays on the Champions Tour. After turning 50 in May 1998, he won his first event at the Toshiba Senior Classic in March 1999, and also won that year's Ingersoll-Rand Senior Tour Championship. Back in 1991, he won the Gateway Open on the Ben Hogan Tour, the second tier tour in the U.S., now called the Nationwide Tour.

McCord has also written two books, Just a Range Ball in a Box of Titleists and Golf for Dummies. In 1996, he appeared as himself in the Kevin Costner movie Tin Cup. He and Peter Kostis are partners in the Kostis/McCord Learning Center in Scottsdale, Arizona. He is also a co-announcer on the EA Sports' Tiger Woods PGA Tour series along with David Feherty.

McCord credits golf pro Brad Britton for teaching him the ins and outs of the golf swing and especially the mental game.

McCord lives with his wife, Diane, in Paradise Valley, Arizona and Edwards, Colorado.

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Tarrytown Truck Assembly

Tarrytown Assembly was an automobile factory in North Tarrytown, New York now known as Sleepy Hollow. Originally opened by the Stanley Steam Car Company in 1896, the plant was acquired by Maxwell-Briscoe in 1903 from the Ingersoll-Rand Drill Company. In 1913 Maxwell-Briscoe became just Maxwell. Separate portions of the complex were acquired by Chevrolet in 1914 and 1915. At this time Chevrolet was an independent company and not yet part of General Motors. In 1918 Chevrolet was integrated into General Motors. Its last vehicles produced were GM's first generation minivans, referred to by some as "dustbusters" due to their shape. These were the Chevrolet Lumina APV, Pontiac TranSport, and Oldsmobile Silhouette. It was closed in 1996 when production of minivans was moved to Doraville Assembly in Georgia.

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Thrust Air 2000

Dodonpa at Fuji-Q Highland

The president and founder of S&S Power, Inc., Stan Checketts, was originally a furniture- and cabinet maker. In 1989 he and his wife, Sandy Checketts, founded Sports Tower, which developed hugely popular vertical bungee-jump pillars. In January 1993 they created their second enterprise, S&S Sports, Inc. It created the Trampoline Thing, a bungee jump/trampoline combination. This company was eventually sold, so in 1993, they created their last company, S&S Power, Inc. Under this company, the developed the Space Shot, a drop tower type attraction where the passenger rigs are shot up the tower by Ingersoll-Rand screw type compressed air motors at 50 mph (80 km/h). Later, they developed another type of drop tower called the Turbo Drop, which shot passengers down the tower at 40 mph (64 km/h). These compressed air towers were the precursors to the Thrust Air 2000.

The prototype Thrust Air 2000 was made in 1999 at the S&S Power plant in Utah.

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Source : Wikipedia