Aqua-Chem Announces Purchase of Matrix

KNOXVILLE, TN, Oct 23 (MARKET WIRE) --
Aqua-Chem has entered into an agreement to acquire the product lines and
specific assets of Matrix Utilities, Inc. Matrix designs and manufactures
the following applications: Reverse Osmosis Watermakers for land-based
desalination; Marine and Yacht RO Watermakers; Offshore Oil and Gas RO
Purification Systems for the Industry.

Prior to acquiring Matrix, Aqua-Chem was a leading supplier of vapor
compression and waste heat distillation desalination systems. With the
addition of Matrix, Aqua-Chem has become a "one-stop" solution provider
for a full range of desalination systems and is able to offer the optimal
solution for every application.

David Gensterblum, Aqua-Chem's President and CEO expressed "With the
integration of Matrix into our organization, we will benefit from both the
expansion of our great family of products and the addition of a terrific
group of experienced, highly skilled, and knowledgeable people."

"We are proud of our long and successful record in our existing markets
and look forward to growing within these markets and expanding our
products in Aqua-Chem's existing markets," said Whitney Irons, Matrix's
General Manager.

Aqua-Chem, based in Knoxville, Tennessee, is a leading supplier of water
purification systems to the Offshore Oil and Gas, Pharmaceutical, Beverage
and Military Markets.

Matrix, based in Fort Lauderdale, Florida, offers a full range of seawater
and brackish water reverse osmosis systems rated from 2 tons per day to
over 1,000 tons per day. Matrix has been in business for more than 22
years and has existing installations in over 100 countries and all 7
continents.

Contact:
Kristi Lane
865-540-1931

Copyright 2008, Market Wire, All rights reserved.

-0-