Trojan Technologies To Acquire Pureflow Ultraviolet Inc.
LONDON, Ontario, Aug 15, 2001 (BUSINESS WIRE) -- Trojan Technologies Inc. (TSE:TUV.)
today announced that it has signed a letter of intent to acquire Pureflow Ultraviolet Inc.
(Pureflow) of Atlanta, Georgia.
Pureflow is a leading distributor of ultraviolet (UV) equipment to the industrial and commercial
market in North America.
Trojan Technologies believes that the industrial and commercial market for UV disinfection
equipment offers Trojan the potential for significant growth. The acquisition of Pureflow
immediately strengthens the Company's position in this market. It also provides the
opportunity for Trojan to further diversify its business base outside its traditional municipal
government markets.
"The acquisition of Pureflow is an important development in our plan to grow revenues and
compete successfully in the industrial and commercial market. We will be building from a
strong product base, specifically with the Trojan UVLogic(TM) and Trojan UVMax(TM)
systems," said Doug Alexander, Executive Vice President of Trojan Technologies. "Pureflow
is well respected in the marketplace as a distributor of UV systems and has a well developed
after market sales and service business. The Company has strong relationships with key
customers and has the required marketing and sales expertise to lead our efforts to build
Trojan's profile in this market segment."
"We have worked with Trojan Technologies for many years and I am excited about this
opportunity," said Rich Combs, founder and owner of Pureflow. "I believe Trojan has the best
industrial and commercial product line in the market today and we will work well together to
provide high quality and efficient systems to our customers."
The purchase price was not disclosed but will be satisfied primarily by the issue of Trojan
common shares. Subject to approvals, the transaction is expected to close in September
2001.
About Pureflow Ultraviolet Inc.
Pureflow, founded in 1978 by Rich Combs and located in Atlanta, Georgia, distributes
ultraviolet disinfection equipment, primarily to the industrial and commercial markets in North,
Central and South America. Major customers require UV systems in a variety of industries
including food and beverage, pharmaceutical, electronics and semi-conductor as well as
chemical, agricultural and oil and gas industries. With sales last year of over C$3 million and
7 employees, Pureflow's strength is in its knowledge of product sales and the application of
ultraviolet technology.
About Trojan Technologies Inc.
Trojan Technologies is a Canadian based, high technology environmental company operating
internationally. With more than 20 years of experience, Trojan has the largest installed base of
UV disinfection systems operating around the world. Trojan designs, manufactures and sells
ultraviolet disinfection systems for municipal wastewater, drinking water systems for
residential, municipal and commercial use, and industrial systems for food and beverage,
pharmaceutical, and semiconductor applications. Trojan also designs and installs treatment
technology for the environmental contaminant and micropollutant destruction market.
CONTACT: Trojan Technologies Inc.
Diana Cunningham, Manager, 519/457-3400
www.trojanuv.com |
