) has entered into a research collaboration with the King
Abdullah University of Science and Technology (KAUST) in Saudi
Arabia. This integration is a part of KAUST Industry
Collaboration Program (KICP). As per the terms of the contract
Pall will take part in this joint research program in the areas
of filtration, separation and purification technologies.
KICP is a membership based program which engages key industry
participants in the regions of Saudi Arabia. This in turn
maximizes the effectiveness of such research programs. This
approach is mainly targeted towards developing further studies in
water treatment and alternative fuels along with other crucially
important areas for the communities of Middle East.
During the last four years, Pall has almost doubled its sales
in this region. This step portrays management's further optimism
and dedication with this geographic segment's rising market
demand for industrial goods and utilities. The project will form
a part of Pall's Industrial segment, for which the sales were low
by 2.2% year over year.
Pall is a market leader with its exceptional purification
technologies. And currently it intends and plans to go further
with its multiple research collaborations around the world.
Recently it extended its research agreement with Lewis university
for the second year in succession to broaden the scope of
In the last quarter PLL missed the Zacks Earnings Estimates by
Calgon Carbon Corporation
CECO Environmental Corp.
) performed better, reporting earnings in line with estimates. In
such a scenario, in the absence of general business expansion,
competitive advantages can only be gained by supplying new
products or processes.
These in turn are likely to emerge from research laboratories.
In this regard it is to be noted that in the last six months
Pall's Research and Development expenses went up by 16% year over
CALGON CARBON (CCC): Free Stock Analysis
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