BWTR Basin Water (MM)

Basin Water, Inc. (NASDAQ:BWTR) and Purifics ES, Inc. (London, Ontario, Canada) have announced an agreement under which Basin Water will have specific rights to market Purifics� technology for the reduction and destruction of organic materials in drinking water applications in North America. The exclusivity in this initial agreement applies to selected states in the U.S. and also covers non-exclusive rights to the remainder of North America subject to certain contract requirements. As part of the agreement, Basin Water has purchased a Purifics system for use in validation studies with prospective customers. The parties are working toward a definitive agreement to promote the sale and development of Purifics� technology. Basin Water and Purifics are co-sponsoring a technology conference on Purifics� Photo-Cat� systems to be held in Henderson, NV, on 6 March 2008. Headquartered in London, Ontario, Canada, Purifics is a licensed engineering firm and a knowledge-based business providing unique engineered systems, solutions and products for industry and government since 1993. For more information on Purifics, visit www.purifics.com. About Basin Water Basin Water, Inc. is a provider of reliable, long-term process solutions for a range of clients, which includes designing, building and implementing systems for the treatment of contaminated groundwater, the treatment of wastewater, waste reduction and resource recovery. Basin Water employs treatment technologies including its own proprietary, scalable ion-exchange wellhead treatment system, along with a host of other treatment technologies designed to meet customer needs in an efficient, flexible and cost-effective manner. Additional information may be found on the company�s web site: www.basinwater.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including expectations relating to future revenues and income, the company's ability to gain new business and control costs, involve risks and uncertainties, as well as assumptions that, if they prove incorrect or never materialize, could cause the results of the company to differ materially from those expressed or implied by such forward-looking statements. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the company's limited operating history, significant operating losses associated with certain of the company's contracts, the company's ability to identify and consummate other acquisition opportunities that improve the company's revenues and profitability, significant fluctuations in its revenues from period to period, its ability to effectively manage its growth, the success of the company's strategic partners, its long sales cycles, market acceptance of its technology, the geographic concentration of its operations and customers, its ability to meet customer demands and compete technologically, the company's ability to protect its intellectual property, regulatory approvals of the company's systems, changes in governmental regulation that may affect the water industry, particularly with respect to environmental laws, the company's ability to attract and retain qualified personnel and management members and the company's ability to manage its capital to meet future liquidity needs and the timing of the company's stock repurchases, if any. More detailed information about these risks and uncertainties are contained in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent Quarterly Reports on Form 10-Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.