nVent Electric plc (NVT) Discusses Launch of New ERICO Grounding and Protection Products Prepared Remarks Transcript

Good morning, everyone. Thank you for joining us today. We've got two exciting new product launches to come for the ERICO brand today. Real quick before we get into it. If you have any questions or additional information after the webinar, please put so into the chat. Either myself or Corey will follow up with you after the webinar to go through anything else you guys might have questions on or need. So today, we're discussing two of our new launches. But before we get into it all the way, I'd like to just look at our ERICO Six Point Plan of Protection, right, which basically involves: one, capturing that lightning strike; two, conveying that energy to the ground; three, dissipating that into the earth through the grounding system; four, bonding all those different connections into the grid; five, protecting those AC feeders; and then six, protecting the low voltage and data telecom circuits. Today, for our two products, we'll be looking at Section 3 and Section 5 of our Six Point Plan. So the first product that we have up is our global earth pit new product launch. You might ask yourself, what is an earth pit? So earth pits also have a variety of different names. They're also known as grounding pits, inspection housings, inspection pits, inspection wells or inspection enclosures. And their purpose really is they are designed to be a designated enclosure built around an earthing electrode, most commonly a ground rod, copper plate or copper electrode which is then buried deep into the earth. And what it does is it provides an easy access point to the