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Cranfield University creates water business A new water business has just completed a successful spin-out from the School of Water Sciences at Cranfield University in the UK. According to its Technical Director, Professor Tom Stephenson, the new company – called Water Innovate Ltd – will break new ground by providing, for the first time, an effective conduit for the transfer of new technologies out of the laboratory and into the water industry. He says that it will bridge the innovation gap that has existed in the water sector for far too long. John Catling, former Managing Director of Thames Water’s Products Division, joined the company as Executive Chairman, after leading a consortium of investors to fund technical developments and bring them to the market as commercial products. Catling says that investors were not only looking for leading-edge technology with clear market potential, but they also wanted a proven management team that knew the sector and had a successful track record. Dr Steve Callister, who has 15 years of business development experience with both water and wastewater process technology firms, joins the company as Managing Director. Among the technologies on which Water Innovate is initially focusing are an odor modeling software package, and a nitrification toxicity monitoring technique. The software, called OdourSim, dynamically predicts the generation and emission of odors from sewage treatment works, allowing more accurate dispersion contour plots to be generated. N-Tox monitors the condition of a wastewater treatment plant and provides an early warning of equipment failure. The company is also offering a chemical additive for water and wastewater treatment, and three tertiary process technologies for wastewater treatment. Dr Steve Callister explains Water Innovate’s strategy: ‘Our
initial focus is on commercializing the first three technologies, and taking them to market either directly or through licensing deals. We will also be investing significant resources in further development of the remaining technologies, as well as in evaluating opportunities to acquire additional portfolios of water-related technology to bring to market.’ Water Innovate’s funding has been provided by the National Endowment for Science, Technology and the Arts, Oxford Technology 4 Venture Capital Trust, Cranfield Enterprises Ltd, a group of private investors, and the company’s management. Contacts: Cranfield University, School of Water Sciences, School of Industrial & Manufacturing Science, Cranfield, Bedfordshire MK43 0AL, UK. Tel: +44 1234 750111, www.cranfield.ac.uk/sims/water Steve Callister, Water Innovate Ltd, UK. Tel: +44 7879 870741, Email:
[email protected], www.waterinnovate.co.uk
Pall sees thirdquarter sales rise by 6.5% US-based Pall Corporation’s sales for its third quarter to 30 April 2005 increased by 6.5%, to $493.5 million. For the corresponding period of 2004 the company reported sales of $463.9 million. The company, which is based in East Hills, New York, also reported earnings of $43.7 million ($0.35 per share), compared with $46.5 million (US$0.37 per share) for a year earlier. Excluding restructuring and other charges, net of related tax effect, earnings on a pro forma basis totalled $46.3 million ($0.37 per share), compared with the $47 million ($0.37 per share) recorded for the third quarter of 2004. Restructuring and other charges of approximately $4.3 million were recorded in this quarter. These costs relate mainly to the company’s CoRe cost reduction program and business restructuring along with the write-down of a
strategic investment during the first quarter. ‘The far-reaching realignment of our business is nearing completion,’ comments Eric Krasnoff, the company’s Chairman and Chief Executive Officer. ‘We can already see one of its key objectives, spurring top-line growth, starting to show through in the quarter and nine-month results. Our earnings are stable, and now expected to ramp up more in line with our long-term goals starting next fiscal year.’ Industrial sales grew by 3.5% in the quarter — with an operating profit margin of 14.2%, at a strong $41.5 million. Microelectronics sales dropped by 10.5% compared with the equivalent quarter of 2004. This was caused by the cyclical nature of the end-market. The company says that the forecast downturn in the Microelectronics segment was steeper than expected in the large Asian market place. For the quarter, the operating profit margin for this segment was 14.6%. Life Sciences’ sales increased by 2% for the third quarter, as strong growth in BioPharmaceuticals was offset by a shortfall in the Medical portion of the business. Life Sciences’ operating profit margin, at 21.6%, was on a par with that of the corresponding period a year earlier, while operating profit rose by 5% to $43.6 million. Contact: Pall Corporation, 2200 Northern Boulevard, East Hills, NY 11548, USA. Tel: +1 516 484 5400, www.pall.com
Profos extends EndoTrap product portfolio The German biotechnology firm Profos AG has added ‘EndoTrap red’ to its portfolio of products that are used to remove endotoxins from biopharmaceutical products. EndoTrap is based on Profos’s patented technology, and the new product joins the firm’s exisiting ‘EndoTrap blue’. EndoTrap is described as a highly affine chromatographic purification system for protein solutions.
Membrane Technology July 2005