CHARLOTTE, NC, July 16, 2007 -- ITT-WEDECO and Air Products today announced the signing of a Joint Marketing Agreement (JMA) to promote the companies' complementary ozone related products and expertise for use in the water and wastewater industries in North America and Brazil. The combined marketing effort will focus on water and wastewater processes including: containerized oxygen - ozone systems; oxygen recovery systems; and ozone based advanced oxidation systems. In coming weeks both companies will be releasing further details on each new product offering.
"ITT WEDECO is excited about signing this JMA with Air Products. This agreement brings real value to our customers. Through this relationship we are moving into adjacent applications and technologies beyond our traditional core products," said Mike McGettigan, general manager for ITT -WEDECO Americas.
"Air Products sees water treatment as an important growth area for the company, building on our gases experience and expanding into new equipment-based solutions. Agreements and alliances like this are a key part of our growth strategy, and working with ITT WEDECO positions Air Products well for success in our Water Systems business," said Mike McNallen, vice president, North America Gases at Air Products.
The companies expect to provide more information about product offerings and capabilities at upcoming trade events including:
• World Congress on Ozone and Ultraviolet Technologies to be held in Los Angeles, Calif. from Aug. 27-29, 2007
• Water Environmental Federation Technical Exhibition Conference in San Diego from Oct. 15-17, 2007
• Water Quality Technology Conference and Exposition in Charlotte, NC held from Nov. 4-8, 2007.
ITT is the world's leading manufacturer of ultraviolet water disinfection and ozone oxidation systems. Through its WEDECO brand, highly efficient UV systems provide chemical-free disinfection solutions to a variety of markets including municipal drinking water, wastewater, industrial process applications and consumer/residential water treatment. WEDECO's leading ozone oxidation systems are used in a wide range of industrial and municipal applications. Ozone oxidizes harmful contaminants in industrial wastewater and eliminates color, taste and odor in drinking water. WEDECO has installed more than 200,000 systems worldwide and has over 25 years of experience in technical expertise in the field of ultraviolet and ozone technology.
ITT Corporation supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges.
Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $9 billion, operations in over 40 countries, and over 20,000 employees around the globe.
###
