CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Joint Ventures/Cooperation/Collaboration
CHRIST and MANDRESSI found Joint Venture in Italy Pictet Asset Management discloses holding in CHRIST

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12.12.2006

Christ Water Technology Group has founded a Joint Venture with the Italian company MANDRESSI located in Milano, in which CHRIST holds a share of 65% and MANDRESSI 35%. The new company, Christ Water Technology Italy, will in the first place take care of the Italian and Mediterranean markets and offer water treatment technologies for all industrial customers and for the power and petrochemical industries in particular.

Mr. Eligio Fiori, Head of Christ Water Technology Italy comments: "With CHRIST as a partner we win a leading European water technology company and we are very optimistic to be successful with this alliance."

The Mandressi Group is a leading, internationally active engineering and construction company focused on the oil, gas and power sectors.

Christ COE Karl Michael Millauer: "The Mandressi Joint Venture puts us into a good position to participate in the high volume of power and petrochemical projects in Italy and the Mediterranean countries. Mandressi is an experienced, well known and networked partner in Italy. With this move we strengthen the strategic position of the UPW (Ultrapure Water) segment contributing to further growth of CHRIST."

Mr. Giovanni Daverio, CEO of A.C. Mandressi: "We see a high potential of synergies between Mandressi and CHRIST. I am sure that the Joint Venture will turn out to be very successfull."

Pictet Asset Management discloses holding in CHRIST

Further, Pictet Asset Management has given notice that the fund holding a participation in Christ Water Technology is managed by Pictet Asset Management S.A. and not any longer by Pictet Asset Management Limited as made public in June 2006. Currently, the fund holds a 9.58% stake in Christ Water Technology AG.

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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Christ Water Technology Group
Ralf Burchert, CEFA
ralf.burchert@christwater.com
P. +43 6232 5011 1113

Branche: Biotechnology
ISIN:      AT0000499157
WKN:        675399
Index:    WBI, ATX Prime
Börsen:  Wiener Börse AG / official market



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