New large diameter High-Performance Pipe Introduced by Advanced Drainage Systems
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.
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 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.