Dover Precision Components Opens Innovation Lab

DOWNERS GROVE, Ill., Oct. 11, 2022

DOWNERS GROVE, Ill., Oct. 11, 2022 /PRNewswire/ -- Dover Precision Components, part of Dover (NYSE: DOV), today announced the official opening of its Innovation Lab. Since the construction of the nearly 12,000-square-foot building was completed, the lab team has focused on the installation and commissioning of key test rigs for its fluid film bearings and compression products. The Innovation Lab has four independent test bays to allow work on multiple rigs at once with dedicated control rooms to monitor and collect test data and help ensure the safe operation of the equipment.

The lab was built to centralize the company's test rigs and bring together the research and product development teams. These teams are focused on developing innovative new products and technologies to support a greener future, including the upcoming installation of a hydrogen testing facility for performance materials that are key to enabling the transition to hydrogen.

"Dover Precision Components' investments in product development and material science have allowed us to accelerate the speed at which technologies are made available to our customers," said Michael Corrie, Vice President, Advanced Sealing and Compression at Dover Precision Components.

Added Chris Johnson, Vice President, Engineered Bearings, "As the world transitions toward clean energy to reduce carbon emissions, we are positioned to provide solutions that address these challenging application needs."

Dover Precision Components delivers performance-critical solutions for rotating and reciprocating machinery across the oil & gas, power generation, marine, industrial, chemical, and general processing markets. Comprising the Waukesha Bearings, Bearings Plus, Inpro/Seal, and Cook Compression brands, our portfolio includes hydrodynamic bearings, active magnetic bearings, system and bearing protection, reciprocating compressor valves, sealing technologies, pistons, rods, and more. Each solution is custom-engineered to provide optimum efficiency, reliability, and productivity, and is backed by comprehensive aftermarket services. Dover Precision Components serves its global customer base through facilities in North America, Europe, Asia, and the Middle East, as well as technical sales representatives around the world. Additional information is available at doverprecision.com.