PORT WASHINGTON, N.Y., November 24, 2009 - Pall Corporation (NYSE: PLL), a global leader in filtration, separation and purification, today inaugurated its new European headquarters in Fribourg, Switzerland. The office will initially house Pall’s Life Sciences business in Europe, with plans to integrate the company’s European Industrial business in 2011. The initiative was undertaken with the Fribourg Development Agency (FDA).
“Europe represents approximately 40% of Pall’s $2.3 billion revenues worldwide. The Fribourg office will manage the company’s continuing growth in the European markets and bring important efficiencies to customers and the business,” said Eric Krasnoff, Pall chairman & CEO.
“Fribourg provides a central location, a well educated, multi-lingual workforce and a business-oriented environment that make it ideal as a regional management center. This enables us to centralize key management activities to improve service, increase productivity and lower operating costs,” said Roberto Perez, president, Pall Life Sciences. The new office is headed by Yves Baratelli, president, Pall Life Sciences Europe & Asia and, general manager, Pall International Sàrl.
Pall executives were joined by Beat Vonlanthen, Minister of Economic Affairs for the canton of Fribourg and other officials from the canton and the municipality to inaugurate the Fribourg office, located at Av. de Tivoli 3, CH-1700 Fribourg.
Mr. Vonlanthen said, “I am very pleased to count Pall Corporation as the latest member of our global corporate citizenry. The state government of Fribourg very much looks forward to the positive imprint Pall Corporation will make on our economic landscape. This will underline Fribourg’s reputation as an international center for clean technology industries.”
Thierry Mauron, managing director at the Fribourg Development Agency, added: “It has been a pleasure to work with Pall Corporation, a world class leader in the various sectors they serve, in establishing in Fribourg a sustainable and scalable platform for their continued international growth and profitability, and I look forward to continuing our close collaboration.”
About Pall Corporation
Pall Corporation (NYSE:PLL) is a filtration, separation and purification leader providing Total Fluid ManagementSM solutions to meet the critical needs of customers in biopharmaceutical, hospital and transfusion medicine, energy and alternative energy, electronics, municipal and industrial water, aerospace, transportation and broad industrial markets. Together with our customers, we foster health, safety and environmentally responsible technologies. The Company’s engineered solutions enable process and product innovation and minimize emissions and waste. Pall Corporation, with total revenues of $2.3 billion for fiscal 2009, is an S&P 500 company with more than 10,000 employees servicing customers worldwide.Pall has been named a top "green company" by Newsweek magazine. To see how Pall is helping enable a greener and more sustainable future, visit www.pall.com.
The matters discussed in this release contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995.
All statements regarding future performance, earnings projections, earnings guidance, management’s expectations about its future cash needs and effective tax rate, and other future events or developments are forward-looking statements. Forward-looking statements are those that use terms such as “anticipate”, “should”, “believe”, “estimate”, “expect”, “intend”, “plan”, “predict”, “potential” or similar expressions about matters that are not historical facts. Forward-looking statements contained in this and other written and oral reports 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, those discussed in Part I, Item 1A, “Risk Factors” in the 2009 Form 10-K, and other reports the Company files with the Securities and Exchange Commission, including the impact of the current global recessionary environment and its likely depth and duration, the current credit market crisis, volatility in currency exchange rates and energy costs and other macro economic challenges currently affecting the Company, our customers (including their cash flow and payment practices) and vendors, and the effectiveness of our initiatives to mitigate the impact of the current environment; and the Company’s ability to successfully complete its business improvement initiatives that include integrating and upgrading its information systems and the effect of a serious disruption in the Company's information systems on its business and results of operations. The Company makes these statements as of the date of this disclosure and undertakes no obligation to update them.
Investor Relations Contact:
V.P. Investor Relations & Communications
Email: firstname.lastname@example.org For information about the European Headquarters:
President, Pall Life Sciences Europe & Asia and general manager, Pall International Sàrl
Telephone: +41 (0)26 350 53-00
Fax: +41 (0)26 350 53-53