Trevose, PA and East Hills, NY (June 13, 2005) - - GE Infrastructure, Water & Process Technologies, a unit of General Electric Company (NYSE:GE), and Pall Corporation (NYSE:PLL) today announced an expansion of their strategic alliance to bring innovative water technologies to the global marketplace. The companies will combine their advanced membrane technologies and separation solutions to cover more applications and markets, including desalination, water reuse and municipal water. This extensive range of technologies and services will focus on meeting the world's rapidly increasing demand for clean water for drinking, irrigation and industrial uses.
"As the population grows and water scarcity increases, so does the world's need for clean water," said George Oliver, CEO, GE Infrastructure, Water & Process Technologies. "This strategic alliance enhances our ability to answer the world's most pressing water needs with energy-efficient, cost-effective, customized solutions."
Building upon a January 2004 agreement -- which integrated GE's advanced design reverse osmosis/nanofiltration systems and services with Pall's high performance microfiltration/ultrafiltration technologies -- the new alliance paves the way for collaboration on the development and sale of proprietary technologies focused on bringing innovative water technology solutions to the world.
"We are very excited about the prospects of this enhanced alliance," said Don Stevens, Chief Operating Officer, Pall Corporation. "Its expanded scope not only creates more opportunity in the industrial markets but also allows our companies to jointly develop and deploy advanced membrane, filtration, and separation technologies for the very large and growing municipal, water reuse, and desalination markets."
The alliance draws upon GE and Pall's complementary strengths in materials development, applications and process engineering; as well as a broad array of filtration and separation products and services. It will allow customers in the industrial, municipal and desalination marketplace to reduce energy use and costs while increasing efficiency in the production of pure water.
About GE Infrastructure, Water & Process Technologies GE Infrastructure, Water & Process Technologies, a unit of General Electric Company, is an industry leader in solving the world's most pressing water reuse, industrial, irrigation, municipal, and drinking water needs. Through desalination, advanced membrane, separation solutions, and water reuse and wastewater management and process technologies, GE delivers added value to its customers. By improving performance and product quality, reducing operating costs, and extending equipment life through a broad range of products and services designed to optimize total performance; safeguard customers' assets; prevent fouling and scaling; and safeguard the environment through water conservation and energy reduction. For more information on GE Infrastructure, Water & Process Technologies, visit http://www.gewater.com/.
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About Pall Corporation Pall Corporation is the global leader in the rapidly growing field 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, water purification, aerospace and broad industrial markets. Total revenues for fiscal 2004 were $1.8 billion. The Company headquarters are in East Hills, New York with extensive operations throughout the world. Visit Pall at http://www.pall.com/.
GE Infrastructure, Water & Process Technologies
Ellen Mellody Global Media Relations Manager Tel: (215) 942-3307 Cell: (215) 989-3025