Franklin Electric Announces Engineering Scholarship Recipients

FORT WAYNE, Ind., Dec. 12, 2016 -- Franklin Electric Co., Inc. (NASDAQ:FELE) announces recipients of the 2016 Franklin Electric Charitable and Educational Foundation Engineering Scholarship Program.

Franklin Electric Engineering Scholarship Recipients pictured in the front row, (left) Cooper Anthony Hill and, (right) Dakota Rene Dawson.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0aeb3d7b-f8f5-4bbc-84ae-576ef6a268c9

As a global engineering leader, Franklin Electric is proud to support local students in an effort to continue to shape the future of the water and fueling system industries. The scholarship program funds up to two consecutive academic years for eligible students. Each scholarship will be $5,000 per academic year payable at $2,500 for each completed semester for a total scholarship of up to $10,000. This scholarship also includes a paid summer internship position between the recipient’s Junior and Senior academic school year.

The recipients of the engineering scholarships have been chosen by a selection committee comprised of IPFW professors and staff and Franklin Electric professionals. Recipients were selected based on scholastic achievement, application details, reference letters and a written essay. Qualifying applicants were interviewed by designated appointees of the selection committee.

Join us in congratulating this year’s winners.

IPFW Engineering Scholarship - Cooper Anthony Hill
Hill is currently a junior at IPFW, majoring in Electrical Engineering. He has been named a Chancellor’s Distinguished Scholar, member of The Dean’s Honor Roll, Honors Program, and graduated as the salutatorian of Adams Central High School in 2014. Cooper is currently an IEEE member, an ETC tutor for first year engineering students, grades papers for ENGR127 and 128, and is a participant on the intermural flag football team.

Indiana Tech Engineering Scholarship - Dakota Rene Dawson
Dawson is the first annual recipient of the Indiana Tech Engineering Scholarship. She is currently a junior at Indiana Tech, majoring in Mechanical Engineering. She graduated from Carroll High School in 2014 with a 3.914 GPA. She is a member of The Dean’s List, American Society of Mechanical Engineers, Fort Wayne Lacrosse Association, and enjoys volunteering for Fort4Fitness and the Allen County SPCA.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending January 2, 2016, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

Chris Bauer
Franklin Electric Co., Inc.
260.827.5715