Air Products Signs License Agreement with Applied Process Technology, Inc. for HiPOx(TM) Technology
February 13 2008 - 10:30AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Feb. 13 /PRNewswire-FirstCall/ -- Air Products
(NYSE:APD) and Applied Process Technology, Inc. today announced the
signing of a license agreement for Applied's patented HiPOx(TM)
technology. The license agreement provides Air Products exclusive
rights to market the technology in the United States and Canada for
municipal wastewater and drinking water applications at greater
than one million gallons per day water flow rate. The agreement
also provides Air Products non-exclusive access to other geographic
regions, as well as industrial wastewater and groundwater
remediation applications of the technology. HiPOx technology uses
an advanced oxidation process which combines ozone and hydrogen
peroxide to form hydroxyl radicals. The hydroxyl radicals oxidize
organic contaminants in water without creating additional waste
streams. Unlike other ozone-based advanced oxidation systems, HiPOx
technology minimizes the formation of by-products, such as bromate,
making it ideal for drinking water applications in addition to
remediation, wastewater and process water clean-up. The
applications for the technology include taste, odor, and color
reduction, destruction of volatile organic compounds (VOCs), water
disinfection for reuse, and removal of microcontaminants such as
endocrine disruptors. "This technology is a significant building
block for our water treatment business. Water treatment is an
important growth area for Air Products, building on our gases
experience and expanding into new equipment-based solutions. Our
existing water treatment business has focused primarily on
industrial wastewater applications. HiPOx technology combined with
other internally developed offerings provides an entry for Air
Products into the drinking water and water reuse segments," said
Deborah Anderson, business development manager for North America
Merchant Gases at Air Products. "It is great to be working with Air
Products on this and we're very excited about the potential HiPOx
penetration of the market moving forward," said Terry Applebury,
Applied's president and CEO. "Applied was founded on the premise
that the drinking water industry was faced with a growing array of
new and emerging man-made chemical contaminants and that the
industry would recognize the value of a technology like HiPOx. The
complement of Applied's 'clean water, no waste' philosophy and Air
Products' expansion of their water treatment initiatives will be a
benefit to municipalities and others needing treatment. Our team
takes great pride in being associated with Air Products' pursuit of
this market." For more information about Air Products' water
systems offerings, visit http://www.airproducts.com/watersystems.
About Air Products Air Products (NYSE:APD) 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 leadership 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 $10
billion, operations in over 40 countries, and over 22,000 employees
around the globe. For more information, visit
http://www.airproducts.com/. About Applied Process Technology, Inc.
Since 1996 Applied has been committed to developing innovative,
cost-effective solutions to address the globe's water-related
needs. The company is focused on providing environmentally
friendly, waste-free, and sustainable water solutions for the
drinking water, environmental remediation, industrial process
water, wastewater and homeland security markets -- quickly and
cost-effectively -- without generating residual waste streams, or
harmful by-products. Applied is comprised of executives, engineers
and scientists from the chemical, water, and environmental
industries who collectively have over 100 years of technology
know-how. Flagship technologies include: HiPOx pump & treat
technology; PulseOx, an aggressive in-situ (underground) chemical
oxidation technology that destroys groundwater contaminants
directly in the sub-surface aquifer; and Applied's hydrogen-based
hollow-fiber Membrane Biofilm Reactor (MBfR) technology, licensed
from Northwestern University and now being showcased at several
commercial municipal water sites in California. For additional
information about Applied's waste-free product line, please visit
http://www.aptwater.com/. Applied has a long-term cooperation
agreement with Teijin Limited (Teijin, TYO: 3401), based in Tokyo,
Japan. Teijin and Applied are working together to accelerate the
commercialization of Applied's technologies into all water
treatment markets. The agreement includes an option for Teijin to
take majority control of Applied over time. ***NOTE: This release
may contain forward-looking statements. Actual results could vary
materially, due to changes in current expectations. DATASOURCE: Air
Products CONTACT: Media: Art George of Air Products,
+1-610-481-1340, ; or Charles J. Borg of Applied Process
Technology, Inc., +1-925-977-1811, ext. 206, ; Investor: Nelson
Squires of Air Products, +1-610-481-7461, ; or Terry Applebury of
Applied Process Technology, Inc., +1-925-977-1811, ext. 201, Web
site: http://www.airproducts.com/
http://www.airproducts.com/watersystems http://www.aptwater.com/
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