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This new Code replaced SPX’s prior Code of Business Conduct and completely updated its content and format for presentation in a more user-friendly, web-based platform designed to better communicate the responsibility to uphold SPX’s core values and high standards.  Like the prior Code, the new Code provides standards to deter improper actions and promote honest, ethical, and responsible conduct; compliance with applicable laws and regulations; full, fair, accurate, and timely disclosure in filings and other public communications; prompt internal reporting of violations; and individual accountability.  The new Code also includes guidance promoting responsible sourcing throughout the supply chain, community service, and teamwork and respect throughout the workplace, as well as separate letters from SPX’s President and Chief Executive Officer and its General Counsel reinforcing the importance of the principles embodied in the new Code.

SPX Technologies has contracted with EthicsPoint, Inc., to provide a hotline service, independent of SPX, dedicated to receiving any report of a violation or potential violation of these principles. The EthicsPoint Hotline enables anyone making a report to do so confidentially and anonymously via the internet or telephone.

In addition, SPX Technologies conducts investigations of these reports in a confidential and discreet fashion and prohibits any act of retaliation against employees reporting compliance concerns in good faith.  To make a report, go to www.ethicspoint.com and follow the instruction for “Making a Report” or call 1-866-ETHICSP (1-866-384-4277) or 1-866-737-6850 outside the United States and Canada.