CUNO Cuno (MM)

CUNO Acquires Polymerics, Inc. MERIDEN, Conn., June 3 /PRNewswire-FirstCall/ -- CUNO Incorporated (NASDAQ:CUNO) announced the recently completed acquisition of Polymerics, Inc., a small, privately owned manufacturer of carbon-based media products used in water filtration. Polymerics is located in Longmont, Colorado and has approximately 10 employees. In 2003, Polymerics had sales of approximately $1.0 million. Terms of the transaction were not disclosed, although CUNO indicated that the purchase price was not a material amount to CUNO. Mark G. Kachur, CUNO's CEO and President, said, "Polymerics' proprietary advanced carbon impregnated porous plastic filter media represents a valuable addition to CUNO's technical capabilities. We expect this technology to have important applications in our future media development, particularly for use in the filtration of drinking water. Polymerics has a technology license agreement with WTC Industries, providing each party with a right to use the technology in the water filtration market. The acquisition of Polymerics will provide CUNO with access to this attractive filtration media technology." CUNO is a world leader in the design, manufacture and marketing of a comprehensive line of filtration products for the separation, clarification and purification of liquids and gases. CUNO's products, which include proprietary depth filters and semi-permeable membrane filters, are used in the potable water, healthcare, and fluid processing markets. CUNO wants to provide shareowners and prospective investors with more meaningful and useful information and, therefore, this press release includes various comments regarding business conditions and the outlook for CUNO, which reflect currently available information. These forward-looking statements are subject to risks and uncertainties which could cause performance or actual results to differ materially from those expressed herein. Such risks and uncertainties include, among other things: volumes of shipments of CUNO's products; changes in product mix and product pricing; costs of raw materials; the rate of economic and industry growth in the U.S. and the other countries in which CUNO conducts business; economic and political conditions in the foreign countries in which CUNO conducts a substantial part of its operations and other risks associated with international operations including exchange rate fluctuations; CUNO's ability to protect its technology; continuing beneficial relationships with customers; proprietary products and manufacturing techniques; changes in technology; changes in legislative, regulatory or industrial requirements and risks generally associated with new product introductions and applications; and domestic and international competition in CUNO's global markets. CUNO assumes no obligation to update the information contained in this press release. Contact Info: CUNO: Frederick C. Flynn, Jr. 203/238-8847 DATASOURCE: CUNO Incorporated CONTACT: Frederick C. Flynn, Jr. of CUNO, +1-203-238-8847, Company News On-Call: http://www.prnewswire.com/comp/126696.html

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