Waltham Technologies CEO named Cartier Women's Initiative Award Laureate

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• Award recognizes creativity, sustainability and social impact

Waltham Technologies CEO Una Ryan.
WALTHAM, MA, Nov. 17, 2009 -- Waltham Technologies, a Massachusetts company focused on natural, innovative methods to produce clean water for people and companies around the world, announced today that Una Ryan, Ph.D., O.B.E., the Company's CEO, has been named the 2009 Cartier Women's Initiative Award laureate for North America. The Award recognizes Ryan's work to develop a more environmentally friendly, cost-efficient process to clean wastewater for reuse. The Cartier Women's Initiative Award is an international business plan competition to identify, support and encourage projects by women entrepreneurs.

"There is nothing more fundamental and important than access to clean water -- our planet's most important resource. I am thrilled that the work we're carrying out at Waltham Technologies has been recognized by the Cartier Women's Initiative Award and applaud their support of entrepreneurial ventures dedicated to positive, sustainable social change," said Dr. Ryan. "A sustainable, profitable solution for cleaning wastewater will facilitate water re-use, decrease energy consumption in industry and, in the long term, provide a much-needed source of clean water in developing countries."

Waltham Technologies' mission is to radically improve current methods for cleaning water, which are complicated, expensive and consume large quantities of energy. The Waltham Technologies system dramatically reduces the cost of wastewater treatment and is easily implemented. Initial applications provide benefits and revenues to the beverage, food and textile industries in the developed world. Future developments are expected to provide far reaching benefits for military needs and in emerging markets.

For 15 years prior to joining Waltham Technologies, Dr. Ryan was CEO of AVANT Immunotherapeutics where she was responsible for building all aspects of company development including scientific leadership, fund raising and mergers & acquisitions. Dr. Ryan has previous experience at Monsanto Company and T Cell Sciences. She is the past President of the Massachusetts Biotechnology Council and a Board Member of the Biotechnology Industry Organization. Dr. Ryan sits on the Board of Directors of several life sciences companies including AMRI, Genocea and Iquum.

About the Cartier Women's Initiative Awards
The Cartier Women's Initiative Award is an international business plan competition created in 2006 by Cartier, the Women's Forum, McKinsey & Company and INSEAD business school to identify, support and encourage projects by women entrepreneurs. Five laureates, one from each continent, are selected annually on the basis of their business's creativity, sustainability and social impact. http://www.walthamtechnologies.com

About Waltham Technologies
Waltham Technologies Inc. focuses on developing and commercializing innovative methods to clean water. Using our low energy method, customers are able to destroy their waste AND produce high value materials in a single interlocked process. Due to the safety and ease of operation, Waltham Technologies System can be used on location and can rapidly eliminate dangerous contaminants while creating clean energy and unique products. http://www.cartierwomensinitiative.com

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