Xylem Inc. Spin-offs from ITT

Xylem Inc. (NYSE-Listed XYL) visited the NYSE to celebrate the recent spin-off from parent company ITT Corporation (NYSE: ITT) and emergence as a $3.2 billion standalone, global water technology company. In honor of the occasion, Xylem Inc. President & CEO Gretchen McClain rang The Opening BellSM.

Xylem Inc. (NYSE: XYL)

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Launched in 2011 from the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in White Plains, N.Y., with 2010 annual revenues of $3.2 billion and 12,000 employees worldwide.

The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all -- that which occurs in nature. For more information, please visit us at http://www.xyleminc.com. (Source:  Xylem Inc.)