ITT Industries Acquires Pure Water Division; Acquisition Expands Offerings In Attractive Water and Wastewater Treatment Sector

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ITT Industries Acquires Pure Water Division;

Acquisition Expands Offerings In Attractive Water and Wastewater Treatment Sector

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ITT Industries Acquires Pure Water Division;

Acquisition Expands Offerings In Attractive Water and Wastewater Treatment Sector

NEW YORK, WHITE PLAINS, Jun. 3 -/E-Wire/-- ITT Industries, Inc (NYSE: ITT) announced today that it has acquired the assets of the Pure Water Division of Waterlink, Inc. (OTC Bulletin Board: WLKN) including the WETÂ®, C'TreatÂ® and WETECÂ® product lines. The Pure Water Division's products complement ITT Industries Fluid Technology's pumps, mixers, aeration equipment and wastewater process systems and will provide significant growth opportunities for ITT Industries in the growing treatment market segment.

"The new addition of Pure Water Division follows our strategy of migrating ITT Industries and Sanitaire from a provider of products to a provider of total systems solutions to the water and wastewater market" said Robert Ayers, President of ITT Fluid Technology. "The Pure Water Division products and its design capabilities will strengthen the value of the solutions we provide to our customers and accelerate our growth in our core segment."

Water Equipment Technologies (WET), located in West Palm Beach, FL has over 25 years of international experience in designing, manufacturing and commissioning residential, commercial, industrial and municipal water purification systems. Using reverse osmosis (RO), deionization, microfiltration and nanofiltration membrane technologies, Pure Water Products provides standard systems, custom-engineered systems and products/components to produce high purity or potable water from seawater, brackish water, surface water sources and reuse water from wastewater.

The C'Treat product line, located in Woodlands, TX, offers offshore seawater desalination systems -- the system supplies potable water, continuously generated from seawater using a Reverse Osmosis (RO) process. C'Treat builds and tests complete RO systems at its facility in Texas and has formalized its quality control system to meet the requirements of ISO 9000, ABS and DNV.

The WETTEC product line located in Clearwater, FL provides sales and service of deionization tanks throughout Florida. In total, the Pure Water Division employs approximately 85 people and will function as an operating unit of ITT Sanitaire.

According to Tom Pokorsky, President of ITT's Sanitaire: "This acquisition provides us with an unparalleled opportunity to expand our important position in the international marketplace and is a corner stone for diversification into the water treatment market. This expansion will lead us into the fast growing Desalination, Industrial Re-Use and Surface Water Treatment markets."

The Pure Water Division product lines being acquired represent combined annualized revenues of approximately $16 million.

ITT Industries, Inc. (http://www.itt.com ) supplies advanced technology products and services in key markets including electronic interconnects and switches; defense communication, opto-electronics, information technology, and services; fluid and water management; and specialty products. Headquartered in White Plains, NY, the company generated $4.7 billion in 2001 sales. In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, London, Paris, and Frankfurt exchanges.

ITT Industries, Inc.

Tom Glover, +1-[REDACTED-PHONE],

[REDACTED-EMAIL],

both of ITT Industries, Inc.

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