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Standex’s Master-Bilt Wins National Restaurant Association Award for New Refrigeration Technology

  Standex’s Master-Bilt Wins National Restaurant Association Award for New
  Refrigeration Technology

     Parallel Glycol Rack Refrigeration System for Foodservice and Retail
               Environments Wins 2013 Kitchen Innovations Award

Business Wire

SALEM, N.H. -- May 10, 2013

Standex International Corporation (NYSE:SXI) today announced that its Food
Service Equipment Group’s Master-Bilt refrigeration business has received a
National Restaurant Association 2013 Kitchen Innovation Award. Master-Bilt
received the award for its parallel glycol rack refrigeration technology for
foodservice kitchen and retail environments.

“We are honored to be named one of this year’s National Restaurant Association
Kitchen Innovation Award winners,” said Chuck Dullea, President, Standex
Refrigeration Group. “Master-Bilt’s new Parallel Glycol Rack System is a major
advance in energy efficient and sustainable refrigeration for convenience
stores, large retail drug stores, restaurants and other food service outlets
that have multiple food chilling devices on site. Instead of having a
refrigeration system on each device, they are all supported from one centrally
located rack equipped with full state-of-the-art digital controls. This
reduces energy consumption and makes the Parallel Glycol Rack system more
cost-effective and easier to maintain than conventional refrigeration. Because
only the chilled glycol – not the refrigerant – is distributed within the
store or restaurant, there is less chance of refrigerant leaks that cause
greenhouse gases to escape into the atmosphere.”

“Master-Bilt’s solution for rack refrigeration is a key step forward as we
execute on our strategy to become the most comprehensive provider of
innovative equipment to the Food Service industry,^1” said John Abbott, Group
Vice President, Standex Food Service Equipment Group. “Parallel Glycol Rack
Refrigeration provides a cost effective eco-friendly refrigeration solution
for the marketplace, positioning us to capitalize on larger market
opportunities by adding new features that adapt the system to different types
of stores.^1 In addition, because refrigeration racks are capable of driving
every food chilling device within a store or restaurant, this new system
complements our broad range of refrigeration products to position us to become
our customers’ primary refrigeration supplier.^1”

About the Standex Food Service Equipment Group

The Food Service Equipment Group (FSEG) is a broad-line manufacturer of
commercial food service equipment, including walk-in coolers and freezers,
refrigerated, non-refrigerated and hot display cabinets and storage systems,
commercial ovens, rotisseries and cooking equipment, bakery and deli display
cases, hot food counter-top products, patient feeding systems, rotary vane
pumps and stainless steel fabrication, millwork and solid surface stonework.
The majority of the FSEG businesses are grouped into two divisions, Standex
Cooking Solutions Group and Standex Refrigerated Solutions Group. FSEG enjoys
market leadership positions and strong brand recognition in the food service
industry with each of its leadership companies: American Foodservice, APW
Wyott, Bakers Pride, BKI, Tri-Star, Federal Industries, Kool Star,
Master-Bilt, Nor-Lake, Inc. and Procon. The group employs over 1,500 with
manufacturing facilities in Ireland, Mexico, Mississippi, New York, South
Carolina, Tennessee, Texas, Wisconsin and Wyoming. In addition to the U.S.,
FSEG has an established presence in Europe and is developing or expanding
distributor relationships in Africa, Asia, Australia and South America.

About Standex

Standex International Corporation is a multi-industry manufacturer in five
broad business segments: Food Service Equipment Group, Engineering
Technologies Group, Engraving Group, Electronics Products Group, and
Hydraulics Products Group with operations in the United States, Europe,
Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa,
Korea, India and China. For additional information, visit the Company's
website at www.standex.com.

^1 Safe Harbor Language

Statements in this news release include, or may be based upon, management's
current expectations, estimates and/or projections about Standex's markets and
industries. These statements are forward-looking statements within the meaning
of The Private Securities Litigation Reform Act of 1995. Actual results may
materially differ from those indicated by such forward-looking statements as a
result of certain risks, uncertainties and assumptions that are difficult to
predict. Among the factors that could cause actual results to differ are the
impact of implementation of government regulations and programs affecting our
businesses, unforeseen legal judgments, fines or settlements, uncertainty in
conditions in the financial and banking markets, general domestic and
international economy including more specifically increases in raw material
costs, the ability to substitute less expensive alternative raw materials, the
heavy construction vehicle market, the ability to continue to successfully
implement productivity improvements, increase market share, access new
markets, introduce new products, enhance our presence in strategic channels,
the successful expansion and automation of manufacturing capabilities and
diversification efforts in emerging markets, the ability to continue to
achieve cost savings through lean manufacturing, cost reduction activities,
and low cost sourcing, effective completion of plant consolidations,
successful completion and integration of acquisitions and the other factors
discussed in the Annual Report of Standex on Form 10-K for the fiscal year
ending June 30, 2012, which is on file with the Securities and Exchange
Commission, and any subsequent periodic reports filed by the Company with the
Securities and Exchange Commission. In addition, any forward-looking
statements represent management's estimates only as of the day made and should
not be relied upon as representing management's estimates as of any subsequent
date. While the Company may elect to update forward-looking statements at some
point in the future, the Company and management specifically disclaim any
obligation to do so, even if management's estimates change.

Contact:

Standex
Thomas DeByle, 603-893-9701
CFO
InvestorRelations@Standex.com
 
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