June 30, 2015

　　Dear Customers:

　　尊敬的客户：

　　This morning, Emerson announced a plan to spin off Network Power into a new, independent, publicly-traded company. Network Power will be the world’s leading, stand-alone provider of thermal management, A/C and D/C power, transfer switches, services and infrastructure management systems for the data center and telecommunications industries.

　　今晨艾默生电气宣布了一项计划，将网络能源业务分立成为一家全新的、独立的上市公司。网络能源将成为业界领先的独立供应商，为数据中心和通信行业提供热能管理、A/C和D/C电源、转换开关和基础设施管理和服务。

　　While we are excited for this new chapter, we are still early in this process. We expect to substantially complete the spinoff by September 30, 2016. Today’s announcement will in no way affect our work with you or our relationship as we prepare for the spinoff. Please rest assured that we will continue to partner and serve you as we always have. Your contacts will not change nor will any work schedules or projects currently underway.

　　我们为这一新篇章感到兴奋，但我们还在整个流程的早期。我们预计在2016年9月30号之前会切实完成这一分立行动。今日的公告，及我们在准备分立的过程中，都丝毫不会影响我司与您的合作或影响我们之间的合作关系。您在我司的接口人不会有变更，并且目前正在开展的工作计划或项目也不会有任何变化。

　　I hope you share our excitement about what this means for Network Power and our continued ability to provide you with high-quality products, services and innovative solutions backed by our industry expertise. I firmly believe that as a stand-alone company, we will have flexibility and speed to market advantages that will allow us to take advantage of market trends faster than our competitors. Through a more focused allocation of Network Power’s capital and resources, we will be able to continue to invest in our business, expand our product breadth and bring the innovative solutions you have come to expect from us.

　　我希望您能理解，这一业务决策对网络能源的意义重大，并且我们也将继续依托自身的专业能力，向您提供高质量的产品、服务和创新性的解决方案。我坚信作为一家独立的公司，我们将拥有灵活性和市场响应速度，使我们能比竞争对手更快地把握市场趋势。通过将资金和资源更有效的配置，网络能源将能继续对业务进行投资，扩大产品组合的宽度，并提供您所期望的创新型解决方案。

　　If you have any questions or concerns, please do not hesitate to reach out to your contacts here at Network Power or me at (614) 841-5772 orAsk.Scott@Emerson.com .

　　如果您有任何问题或关切，请随时与您在网络能源的接口人联系，或直接联系我(614)841-5772 或 Ask.Scott@Emerson.com 。

　　We look forward to continuing to work with you for many years to come.

　　我们期待着未来继续与您合作。

　　Sincerely,

　　Scott Barbour

　　Executive Vice President, Emerson