TREVOSE, Pa. & EAST HILLS, N.Y.--(BUSINESS WIRE)--Jan. 8, 2004--General Electric (NYSE:GE) and Pall Corporation (NYSE:PLL) today announced that Pall's high performance microfiltration/ultrafiltration technologies will be integrated with GE Water Technologies' advanced design reverse osmosis/nanofiltration systems and services to provide total water management solutions to the industrial marketplace.
Every manufacturer has unique and stringent requirements for water. Now customers anywhere in the world can source vital water processing systems and rely on GE and Pall for the most advanced water processing technology, comprehensive service and support.
"We are pleased to work with Pall on this new initiative to provide a more complete and unique package of filtration and purification technologies and services to our industrial customer base," said George Oliver, Vice President and General Manager of GE Infrastructure - Water Technologies. He added, "The industrial markets have many different water requirements. This alliance allows us to efficiently tailor solutions to each of our customers."
"Teaming with GE to provide enhanced water purification solutions is good news for this complex marketplace," said Eric Krasnoff, Chairman and Chief Executive Officer of Pall. "This new and powerful alliance creates a unique combination of equipment and services for water treatment. The result is a Total Water Management program providing our customers with the lowest 'total cost of ownership'."
About GE Water Technologies:
GE Infrastructure - Water Technologies was established in 2003 with the integration of GE Betz, GE Osmonics and GE Water into a global platform supplying specialty chemicals, pumps, valves, filters and fluid handling equipment for improving the performance of water, wastewater and process systems. The company is headquartered in Trevose, Pennsylvania. Further information can be found on its Web site (www.gewater.com). Contact James Tierney, Communications 215-942-3569; [email protected].
About Pall Corporation:
Pall Corporation is the leader in the rapidly growing fields of filtration, separations, and purification. Pall's business is organized around two broad markets: Life Sciences and Industrial. The company provides leading-edge products to meet the demanding needs of customers in biotechnology, pharmaceuticals, transfusion medicine, semiconductors, municipal drinking water, aerospace and broad industrial markets. Total revenues are $1.6 billion. The Company headquarters are in East Hills, New York with operations in more than 30 countries. Further information is available at www.pall.com. Contact Diane Foster, Investor Relations 516-801-9848; [email protected].
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current Company expectations and are subject to risks and uncertainties which could cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: fluctuations in foreign currency exchange rates; regulatory approval and market acceptance of new technologies; changes in product mix and product pricing and in interest rates and cost of raw materials; the Company's success in enforcing its patents and protecting its proprietary products and manufacturing techniques and its ability to achieve the savings anticipated from its cost reduction initiatives; global and regional economic conditions and legislative, regulatory and political developments; and domestic and international competition in the Company's global markets. Additional information regarding these and other factors is available on the Web at www.pall.com and at www.ge.com and is included in the Companies' reports filed with U.S. Securities and Exchange Commission. Copies of such reports can be obtained, without charge, at: www.sec.gov.
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CONTACT:
GE Infrastructure - Water Technologies, Trevose
James Tierney, 215-942-3569