MINNEAPOLIS & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Mar. 31, 2009--
Pentair, Inc. (NYSE: PNR) and Nano Terra, Inc., announced
today they are forming a strategic alliance in water treatment. Pentair
is a global leader in water movement, treatment, and storage
technologies; and Nano Terra is a leading surface engineering and
nanotechnology co-development company.
Nano Terra will deploy its technology for functionalizing surfaces
through chemistry and structuring to develop new solutions for the
treatment of water with improved performance. Nano Terra’s technology
platform was pioneered by its co-founder, Professor George M. Whitesides
of Harvard University. Nano Terra will carry out the research at its
labs in Cambridge, Mass. under close collaboration with a Pentair team
that will manage field testing of the joint solution.
“New water treatment technologies will be a key element to satisfying
the growing global concerns of water scarcity and poor quality. We are
committed to innovation and to bringing the most effective technologies
to our customers and are delighted to be our industry’s first
collaborators with Nano Terra,” said Dr. Philip M. Rolchigo, vice
president of Water Technology, Pentair. “Accessing Nano Terra’s unique
technology portfolio in a collaborative manner will allow us continued
innovation in the sector.”
Myer Berlow, CEO of Nano Terra, added, “Pentair has a long history of
leading the sector through innovation. We look forward to working with
them on critical water management applications, and are proud that
Pentair recognizes the value of our surface engineering and
nanotechnology expertise.”
About Pentair, Inc.
Pentair (www.pentair.com)
is a diversified operating company headquartered in Minneapolis,
Minnesota. Its Water Group is a global leader in providing innovative
products and systems used worldwide in the movement, treatment, storage
and enjoyment of water. Pentair’s Technical Products Group is a leader
in the global enclosures and thermal management markets, designing and
manufacturing thermal management products and standard, modified, and
custom enclosures that house and protect sensitive electronics and
electrical components. With 2008 revenues of $3.35 billion, Pentair
employs approximately 15,000 people worldwide.
About Nano Terra Inc.
Nano Terra is a privately-held research and development company with
expertise supported by an extensive patent portfolio based on work done
by co-founder Dr. George Whitesides, the Woodford L. and Ann A. Flowers
University Professor at Harvard University.
The company leverages its expertise and intellectual property through
co-development agreements with Fortune 500 companies and the U.S.
Government. Nano-Terra’s scientific methods can be used to fabricate
advanced materials and devices that enhance existing products or create
entirely new products in a broad range of areas, including: flexible
electronics such as displays and electronic packaging; fuel cells,
batteries and solar power devices; sensors; industrial products and
processes; and a wide range of consumer goods. For more information,
visit www.nanoterra.com.
Source: Pentair, Inc.
Pentair:
Betsy Day, 763-656-5537
betsy.day@pentair.com
or
Investor
Relations:
Todd Gleason, 763-656-5570
todd.gleason@pentair.com
or
Nano
Terra LLC
Barbara Lyon, 617-621-8500
blyon@nanoterra.com