Air Products Makes Strategic Investment in Sterilox Technologies
December 24 2003 - 10:01AM
PR Newswire (US)
Air Products Makes Strategic Investment in Sterilox Technologies
ALLENTOWN, Pa., Dec. 24 /PRNewswire-FirstCall/ -- Air Products
announced today that it has made a strategic investment in the
Radnor, Pa.-based company Sterilox Technologies, Inc. Sterilox is a
privately held corporation that developed and markets the patented
Sterilox technology for the production of a safe, fast-acting,
broad spectrum biocide for room temperature high-level
disinfection, decontaminations and bio-film removal applications.
Terms of the investment were not disclosed. "Part of our portfolio
management process at Air Products is to find and invest in those
companies who have an innovative culture like we do and are
aggressively pursuing their target markets based on a solid
business plan. Sterilox certainly fits that bill," stated Buddy
Eleazer, Manager, New Business Development, Corporate Development
Office, Air Products. "Sterilox is very excited to have Air
Products as an investor, and we look forward to forging a strategic
relationship between the two companies," said David W. Anderson,
Sterilox's President and CEO. "At a time when the awareness of
threats to safe foods and clean hospitals from infectious diseases
such as E. coli and hepatitis is high, Sterilox's non-toxic
disinfectant technology provides solutions to a full range of
industries." About Sterilox Technologies Sterilox Technologies,
Inc., formed in 1997, is the world's leading developer and marketer
of sterilization and disinfection generators. Using patented
electrolytic technology, Sterilox generators produce a safe and
environmentally friendly biocidal solution on demand, eliminating
concerns about shelf stability or chemical storage. The Sterilox
solution has received multiple use-specific clearances as a
high-level disinfectant/sanitizer from the U.S. FDA and EPA and has
received the NSF certification for use in food industry use.
Sterilox is currently in wide use in the U.K. as a disinfectant in
over 100 National Health Service Trusts. For more information,
visit http://www.sterilox.com/. About Air Products Air Products
(NYSE:APD) serves customers in technology, energy, healthcare and
industrial markets worldwide with a unique portfolio of products,
services and solutions, providing atmospheric gases, process and
specialty gases, performance materials and chemical intermediates.
Founded in 1940, Air Products has built leading 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. With annual revenues of $6.3 billion and
operations in over 30 countries, the company's 18,500 employees
build lasting relationships with their customers and communities
based on understanding, integrity and passion. For more
information, visit http://www.airproducts.com/. ***NOTE: This
release may contain forward-looking statements. Actual results
could vary materially, due to changes in current expectations.
DATASOURCE: Air Products CONTACT: Media Inquiries: (Air Products)
Katherine Hilgert, +1-610-481-1188, e-mail: ; or Sterilox: Eric
London, +1-202-986-0033 x105, e-mail: ; or Investor Inquiries: (Air
Products) Alex Masetti, +1-610-481-7461, e-mail: ; or Sterilox:
David W. Anderson, +1-610-341-1899, email: Web site:
http://www.sterilox.com/ Web site: http://www.airproducts.com/
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