Pall license agreement with Department of Energy reaches key milestone

Pall Corporation announced today a significant sale of AccuSep™ inorganic membranes resulting from the Company's license agreement with the U.S. Department of Energy at Oak Ridge, TN and Bechtel Jacobs.

EAST HILLS, N.Y., Nov. 12, 2001 — Pall Corporation announced today a significant sale of AccuSep™ inorganic membranes resulting from the Company's license agreement with the U.S. Department of Energy at Oak Ridge, TN and Bechtel Jacobs.

British Nuclear Fuels (BNFL) will fit new ultra-filters at its Sellafield Enhanced Actinide Removal Plant with filters based on U.S. Government technology and licensed exclusively to Pall.

Pall's first major sale of inorganic materials for cross-flow filtration followed a review of other available technologies by BNFL. Similar potential exists at other waste processing sites in the U.S. and abroad. This product marks Pall's entrance into the cross-flow filtration market using inorganic membranes and expands the Company's market potential by up to $100 million.

BNFL, headquartered in Warrington, U.K., is an international business with activities in 16 countries and employing around 23,000 people. It provides a range of products and services to the nuclear energy industry, from fuel manufacture, reactor services, electricity generation and spent fuel management through to nuclear cleanup and decommissioning services.

Eric Krasnoff, Pall Chairman and CEO commented, "We are delighted that BNFL has selected Pall and we look forward to a long relationship. Our development of technology to meet BNFL's extremely demanding requirements has opened a large market for us and we're eager to build on it. This order also represents a major step forward in the United States Department of Energy's efforts to privatize and commercialize its technology."

Pall is the first company to manufacture and sell inorganic membrane products using processes developed by the Department of Energy as the result of several Cooperative Research and Development Agreements (CRADA) with the U.S. Department of Energy and Bechtel Jacobs.

To date, six metal alloy membranes in the microfiltration range have resulted from this partnership and have been released for sale. Additional novel membranes are in development and are expected to be launched over the next six to twelve months. Each generation of inorganic materials developed under the agreements represents significant advances in filtration technology and brings industry new tools for its increasingly difficult fluid separation and purification challenges.

Pall has exclusive sales and marketing rights to these eventual products as part of its ongoing agreements.

Pall is the leader in the rapidly growing filtration, separations and purification industry. It provides -edge products for use in semiconductor; water; aerospace and a host of other industries as well as in other high-growth applications such as genomics, proteomics and biotechnology, and in transfusion medicine. Pall's business is organized around two broad markets: Industrial and Life Sciences, and has annual sales of over $1.2 billion. The Company is headquartered in East Hills, New York and has operations in more than 30 countries. Further information can be found at http.//www.pall.com.

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