Business Services Industry

Applied and Teijin to Cooperate in the Advanced Water Treatment Technology Market

Business Wire, July 16, 2007

PLEASANT HILL, Calif. -- Applied Process Technology Inc. (Applied), an industry leader providing high performance water treatment solutions, and Teijin Limited (Teijin, TYO:3401), based in Tokyo, Japan have concluded a comprehensive long-term cooperation agreement to accelerate the commercialization of Applied's proprietary HiPOx, PulseOx and Membrane Biofilm Reactor (MBfR) technologies into all water treatment markets. The agreement includes an option for Teijin to take majority control of Applied over time.

Mr. Terry Applebury, CEO of Applied commented, "We are very pleased with this agreement, as it is a perfect match of technological synergy between our two companies moving forward. Teijin will bring a global scope to Applied's business."

In its tenth year, Applied continues its commitment to developing innovative, cost-effective solutions to address the globe's water-related needs. The company is focused on providing environmentally friendly, waste-free, and sustainable water solutions to a growing number of customers in the U.S. and abroad with over 50 commercial systems placed thus far.

* Applied's HiPOx pump & treat technology utilizes advanced oxidation and ozonation processes to destroy a wide variety of volatile organic chemicals (VOCs) including MtBE and 1,4 Dioxane, and microcontaminants. "HiPOx PLUS" treats Geosmin, odor, taste, and color contaminants, and performs disinfection as well.

* Applied's PulseOx is an aggressive in-situ (underground) chemical oxidation technology that destroys groundwater contaminants directly in the sub-surface aquifer. As a "smart" gas/liquid delivery system, the PulseOx process is also employed to deliver other oxidants and reductants to the subsurface. Its small footprint and the speed with which it destroys contaminants make it a solid choice for time-critical applications.

* Applied's hydrogen-based hollow-fiber Membrane Biofilm Reactor (MBfR) technology, licensed from Northwestern University, is now being showcased at several commercial municipal water sites in California. This advanced reduction technology removes nitrate, perchlorate (rocket fuel) and chlorinated solvents from contaminated water sources. The technology is also capable of aiding in the removal of hexavalent chromium (also known as hex-chrome) and Selenium as well as providing advanced nutrient removal from wastewaters.

Mr. Toru Nagashima, CEO of Teijin Ltd, commented, "We are very pleased to have identified Applied and its technologies, as Teijin believes that these technologies have the potential to contribute significantly to the advance of environmental-friendly natural water cleaning systems. In particular, Teijin looks at the hydrogen-based Hollow Fiber Membrane Biofilm Reactor business as a technology offering the potential of changing the industry processes on a global basis, although the initial focus will be on California. It will still require further developments, but we like the fundamentals."

Mr. Nagashima continued, "The cooperation of Applied with Teijin will undoubtedly give the technology the opportunity it deserves. This agreement is another step in Teijin's strategy to contribute to the society around the world and it fits our vision of contributing to renewable, environmentally friendly sustainable processes."

About Applied Process Technology, Inc.

Applied, headquartered in Pleasant Hill, California, develops and provides innovative water treatment technologies that destroy pervasive and difficult-to-treat water contaminants for the drinking water, environmental remediation, industrial process water, wastewater, and homeland security markets - quickly and cost-effectively - without generating residual waste streams, or harmful byproducts. Applied is comprised of executives, engineers and scientists from the chemical, water, and environmental industries who collectively have over 100 years of technology know-how.

Applied's team of experienced engineers and scientists are dedicated to developing reliable, forward-thinking technologies - for today's critical water treatment challenges and beyond. For additional information about Applied's waste-free product line, please visit www.aptwater.com.

About Teijin Limited

The Teijin Group is active in a wide range of businesses, including fibers, films, plastics, pharmaceuticals, home health care, IT-related services, and environmental advancements. To convey the values and vision shared by the more than 150 companies comprising the Teijin Group, Teijin has developed the brand statement - "Human Chemistry, Human Solutions" - that expresses the essence of the Group. This statement summarizes Teijin's promise to developing chemical technologies that are friendly to both people and the global environment and to keep providing solutions that deliver the real value that society and customers expect. For additional information about Teijin Limited, please visit www.teijin.co.jp/english/.> This news release contains "forward looking statements" within the meaning of the federal securities laws with respect to the Applied and/or Teijin's financial results and their future operations and, as such, concern matters that are not historical facts. These statements are subject to the risks and uncertainties that could cause actual results to differ materially from those expressed in such statements. Important factors that could cause such differences include general U.S. and international economic conditions, particularly those affecting the commercial and residential construction markets, such as the general rate of inflation, interest rates, employment rates, and overall consumer confidence; demand for Applied and/or Teijin products; overall capacity levels in the industry; and the overall competitive environment in which the Applied and/or Teijin operate; as well as other factors discussed in Teijin's periodic reports on Forms 10-Q and 10-K that are filed with the Securities and Exchange Commission and are incorporated herein by this reference.