Ingersoll-Rand plc (NYSE:IR) announced today that in preparation for its spin-off, Allegion will share details about its business at an investor meeting on Monday, November 18, 2013, at 12:30 p.m. ET. The meeting will be led by Dave Petratis, chairman, president and chief executive officer, and Patrick Shannon, senior vice president and chief financial officer.
“Allegion is a global provider of security solutions that help keep people safe where they live, work and visit,” Petratis said. “We have a portfolio of industry-leading brands, a record of quality and innovation, broad distribution channels with over 7,000 channel partners, a robust business operating system that drives operational excellence, and a sound strategy for future growth. We look forward to sharing Allegion’s story as an independent company with the investment community. We are confident that this meeting will be the start of a fruitful relationship that will develop further as Allegion grows.”
A real-time, listen-only webcast of the meeting will be broadcast live over the Internet. Individuals wishing to listen can access the meeting through Ingersoll Rand’s website at www.ingersollrand.com, or by telephone by dialing 877-810-3912 (domestic) or 973-200-3070 (international); conference code 12967821.
For those unable to listen to the live event, a replay will be available later today on Ingersoll Rand’s website.This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements that relate to Allegion’s business, its future business strategy, the success of its business operating system and its ability to grow. These forward-looking statements are based on Allegion’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our ability to successfully, if ever, complete the proposed spinoff; the ability of Allegion to fully realize the expected benefits of the proposed spinoff; global economic conditions, demand for Allegion’s products and services and tax law changes. Additional factors that could cause such differences can be found in Allegion’s Form 10. We assume no obligation to update these forward-looking statements.