Pentair, Inc. (NYSE: PNR)
and Nano Terra, Inc., announced today they are forming a strategic alliance
in water treatment. Pentair is a global leader in water movement, treatment,
and storage technologies; and Nano Terra is a leading surface engineering and
nanotechnology co-development company.
Nano Terra will deploy its technology for functionalizing surfaces through
chemistry and structuring to develop new solutions for the treatment of water
with improved performance. Nano Terra's technology platform was pioneered by
its co-founder, Professor George M. Whitesides of Harvard University. Nano Terra
will carry out the research at its labs in Cambridge, Mass. under close collaboration
with a Pentair team that will manage field testing of the joint solution.
"New water treatment technologies will be a key element to satisfying
the growing global concerns of water scarcity and poor quality. We are committed
to innovation and to bringing the most effective technologies to our customers
and are delighted to be our industry's first collaborators with Nano Terra,"
said Dr. Philip M. Rolchigo, vice president of Water Technology, Pentair. "Accessing
Nano Terra's unique technology portfolio in a collaborative manner will allow
us continued innovation in the sector."
Myer Berlow, CEO of Nano Terra, added, "Pentair has a long history of
leading the sector through innovation. We look forward to working with them
on critical water management applications, and are proud that Pentair recognizes
the value of our surface engineering and nanotechnology expertise."