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-05/10/06
Puronics Acquires IONICS Consumer
Water Group
Livermore, California, May 10 , 2006 -- Puronics, Incorporated
today announced that it has acquired the Ionics Consumer Water
Group from GE Water & Process Technologies, a unit of
General Electric Company (NYSE: GE). The Puronics Consumer
Water Group is a U.S.-based manufacturer of home and commercial
water treatment products. GE acquired the Ionics Consumer
Water Group through it’s acquisition of Ionics, Inc
in 2005. The terms of the transaction were not disclosed.
Known for its innovation, product quality and design, Ionics
Consumer Water Group offers some of the most technically advanced
water treatment products on the market and has strong retail
distribution for its products. Puronics is a leading consumer
water brand in North America. The transaction does not impact
GE’s marketing of ultrapure water services for desalination,
water reuse and & recycling and industrial applications.
"Through this acquisition, we see a tremendous opportunity
to expand the Puronics Consumer business globally, using Puronics
proven ability to design, manufacture and market high quality
consumer water products,” said Scott A. Batiste, President
of the Puronics Consumer Water Group. Mr. Batiste will continue
to lead the business and has been named Chairman and CEO of
Puronics, Incorporated.
The Puronics consumer product portfolio includes a broad
range of water treatment products for homes and businesses
using technologies such as water conditioning, filtering,
micro-filtration, ultra filtration, bacteriostatic carbon
filtration, reverse osmosis and ultra violet disinfection..
It was founded in 1947 and continued as part of Ionics, Incorporated
and General Electric through 2006. As a leader in the consumer
water category, Puronics Consumer Water Group will bring innovative
products, an experienced management team and strong distribution
to the Puronics business.
Puronics, Incorporated, headquartered in Livermore, California,
is a diversified manufacturing and financial services company,
focused on solving the world’s water problems for consumers
and businesses.
-11/08/06
Mark H. Cosmez II as Chief Financial Officer
LIVERMORE, CA – November 8, 2006 –Puronics, Incorporated,
a leading manufacturer of water treatment systems for the
consumer and commercial markets, today announced the appointment
of Mark H. Cosmez II as Chief Financial Officer.
"Mark has a proven track record in leading manufacturing
and service companies and we are very excited about this addition
to the management team," said Scott Batiste, chairman
and CEO of Puronics. "Mark's diverse financial and operating
expertise, combined with his breadth of experience in manufacturing
will play an instrumental role at Puronics. His contributions
will be invaluable as we continue to expand our Ionics Consumer
Water business and move into a new phase of market growth."
Mr. Cosmez brings 30 years of financial experience from public
companies as well as several high-growth corporations. He
served most recently as vice president and CFO of Giga-tronics
Incorporated, a leading manufacturer of instruments, sub-systems
and sophisticated microwave components that have broad applications
in both commercial and military wireless telecommunications
systems. Prior to that, he served as CFO at Pacific Bell,
Public Communications Division. He has also held senior financial
positions at International Microcomputer Software, Inc. and
Measurex Corporation. Mr. Cosmez received his B.A. degree
in Chemistry and a Master’s degree in Accounting from
the California State University of Hayward. He is also a certified
public accountant.
About Puronics
Puronics, Incorporated, headquartered in Livermore, California,
is a leading manufacturer of consumer and commercial water
treatment products. Puronics technologies include ion exchange,
bacteriostatic filtering, micro-filtration, ultra-filtration,
carbon filtration, reverse osmosis and ultra-violet disinfection.
Companies use Puronics solutions for manufacturing processes
and pre-treatment of boilers, hot water heaters, dishwashers,
steam-handling equipment as well as other water using devices.
For more information visit www.puronics.com or call 925-456-7000
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