Kingston Economic Development Corporation

Kingston Economic Development Corporation
PARTEQ Innovations

PARTEQ Innovations

November 19, 2009 16:23 ET

Media Advisory: Largest Global Environmental Services Company to Develop and Commercialize Kingston-Based Water Testing Technology

KINGSTON, ONTARIO--(Marketwire - Nov. 19, 2009) - In celebration of their recent acquisition by Veolia Water Solutions & Technologies (VWS), Pathogen Detection Systems, Inc. (PDS) will be hosting an event in conjunction with PARTEQ Innovations and the Kingston Economic Development Corporation (KEDCO) on Thursday, November 26, 2009 at 4pm in the Atrium of the Queen's University Biosciences Complex (Arch Street). In addition to officially announcing the acquisition, there will be a significant funding announcement by the federal government. As well, PARTEQ's newly created GreenCentre Canada will announce a new industrial partner.



DETAILS OF EVENT

What: Media Conference and Reception
Who: Representatives from VWS, PDS, KEDCO, PARTEQ Innovations, Queen's
University, GreenCentre Canada and Government officials
When: Thursday, November 26, 2009 - 4pm
Media interviews and photo opportunities to follow announcements
Where: Atrium, Biosciences Complex, Queen's University - Arch Street
Subject: VWS acquisition of Kingston-based PDS, Inc. and new partnerships
with research and government.


CORPORATE BACKGROUND:

In response to the Walkerton, Ontario water tragedy, PDS was founded in 2003 with the goal of improving water quality through enhanced water monitoring and testing systems. Based on technology developed at Queen's University, and in conjunction with a number of industrial partners, PDS developed a novel method for automating microbiological testing.

Veolia Water Solutions & Technologies (VWS), the world leader in water treatment, is a specialized provider of technological solutions and design-build services to meet the needs of public authorities and industrial companies. It is a fully-owned subsidiary of Veolia Water, the global leader in water services. With 8,900 employees worldwide, VWS recorded revenues of $ 3.7 billion (USD) in 2008.

Veolia Water, the water division of Veolia Environnement, is the world leader in water and wastewater services. Specializing in outsourcing services for municipal authorities as well as industrial and service companies, Veolia Water serves 139 million people worldwide. With 93,400 employees worldwide, its 2008 revenues amounted to $18.6 billion (USD).

Kingston Economic Development Corporation (KEDCO): KEDCO is committed to the key issue of long-term economic sustainability for the City of Kingston. KEDCO's success is based on the attraction of new business, the growth and retention of existing business and tourism opportunities which are measured by the resulting economic impact on the community.

PARTEQ Innovations: PARTEQ Innovations, the founder of GreenCentre Canada, works with university researchers and industry to bring the benefits of scientific discovery to the public.

GreenCentre Canada: GreenCentre Canada brings together Canadian universities, industry and commercialization expertise with the common goal of developing transforming Green Chemistry discoveries into real-world products and industrial technologies that benefit the environment.

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