SPX Files Registration Statement Related to LYONs

    MUSKEGON, Mich., March 1 SPX Corporation today
announced that it filed with the Securities and Exchange Commission a
Registration Statement for the resale of previously issued 20-year Liquid
Yield Option(TM) Notes (LYONs).  The registration statement also includes
shares of common stock of SPX Corporation into which the LYONs are
convertible.
    The LYONs are zero-coupon senior notes convertible into shares of SPX
common stock if the market price of the shares reaches specified thresholds or
certain other conditions are met.  The LYONs were originally sold on
February 6 in a private placement to qualified institutional investors.  The
filing of this registration statement is required by the registration rights
agreement that SPX Corporation entered into with the holders of the LYONs.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.  This
notice does not constitute an offer to sell or the solicitation of an offer to
buy securities.  These securities may not be sold nor may offers to buy be
accepted before the time the registration statement becomes effective.
    SPX Corporation is a global provider of technical products and systems,
industrial products and services, service solutions and vehicle components.
    Certain statements in this press release are 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, and are
subject to the safe harbor created thereby.  These statements involve a number
of risks, uncertainties, and other factors including potential changes in
market conditions that could cause actual results to differ materially.
Please refer to the Company's filings with the Securities and Exchange
Commission for discussion of certain important factors that relate to forward
looking statements contained in this press release.  Although the Company
believes that the expectations reflected in any such forward looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct.