BROWN DEER, WI, June 3, 2002 - ITT Industries, Sanitaire division has acquired the assets of the Pure Water Division of Waterlink, Inc. (OTCBB: WLNK) including the WET(, C'treat( and WETTEC( product lines.
The Pure Water Division's products complement ITT Industries Fluid Technology's pumps, mixers, aeration equipment and wastewater process systems and will provide significant growth opportunities for ITT Industries in the growing filtration and disinfection segments.
"The new addition of Pure Water Division fits perfectly in helping to migrate ITT Industries, Sanitaire division from a provider of products to a provider of total systems solutions to the water and wastewater markets. Pure Water Division's products and its design capabilities will strengthen the value of the solutions we provide to our customers and accelerate our growth in our core segment," according to Robert Ayers, President of ITT Fluid Technologies. Tom Pokorsky, President of ITT Sanitaire added, "I'm very excited about Pure Water's broad international experience, unmatched applications engineering expertise and technical knowledge coupled with the synergies between our product offerings".
Water Equipment Technologies (WET), located in West Palm Beach, FL has more than 25 years of international experience in designing, manufacturing and commissioning commercial, industrial and municipal water purification systems. Using reverse osmosis (RO), deionization (DI), microfiltration (MF) and nanofiltration (NF) membrane technologies, Water Equipment Technologies provides standard systems, custom-engineered systems and products/components to produce high purity or potable water from seawater or brackish water, surface water sources and reuse water from wastewater effluents.
The C'treat product line consists of seawater desalination systems - offshore. Located in The Woodlands, TX the system supplies potable water, continuously generated from seawater using a Reverse Osmosis (RO) process. C'treat builds and tests complete RO watermakers at its facility in Texas and has formalized its quality control system to meet the requirements of ISO 9001, ABS and DNV.
The WETTEC product line located in Clearwater, FL, provides sales and service of deionization tanks throughout Florida. The tanks provide a continuous supply of demineralized water.
C'treat, WET and WETTEC employs approximately 90 people and will function as operating units of Sanitaire. All product lines will continue to operate from Florida and Texas locations.
Pure Water Products provides Sanitaire with system design and application technology expertise in membrane filtration that may be applied in wastewater treatment and water reuse.
Sanitaire (www.sanitaire.com) designs complete water and wastewater treatment solutions for municipal and industrial applications. Their comprehensive offering includes SANITARE, ABJ, Royce Technologies, WET, WETTEC and C'treat as well as engineering support, project management and financial services.
ITT Industries, Inc. (www.itt.com) supplies advanced technology products and services in key markets including: electronic interconnects and switches; defense communication, opto-electronics, information technology and services; fluid and water management and other specialty products. Headquartered in White Plains, NY, the company generated $4.7 billion in 2001 sales. In addition to the New York Stock Exchange, ITT Industries' common stock is traded on the Midwest, Pacific, London, Frankfurt and Paris exchanges.
