Ionics Announces $21.8 Million Private Placement

Apr 20, 2001, 01:00 ET from Ionics, Incorporated

    WATERTOWN, Mass., April 20 /PRNewswire Interactive News Release/ --
 Ionics, Incorporated (NYSE:   ION) announced today that it had sold 875,000
 shares of its Common Stock to Fidelity Management & Research Company, on
 behalf of funds and accounts managed by it.  The shares were sold at a price
 of $24.93 per share and the total proceeds to Ionics were approximately $21.8
 million.  Ionics has agreed to file a registration statement with the
 Securities and Exchange Commission covering the resale of these shares.
     "We are pleased with the confidence shown in Ionics by Fidelity," said
 Arthur L. Goldstein, Ionics' Chairman and Chief Executive Officer.  "The
 proceeds from the offering will be used for working capital purposes and will
 lessen the Company's use of short-term borrowings."
     These shares of Common Stock have not been registered under the Securities
 Act of 1933 and may not be offered or sold in the United States absent
 registration or an applicable exemption from the registration requirements of
 such Act.  This press release shall not constitute an offer to sell or a
 solicitation of an offer to buy any shares of Common Stock.
     Ionics is a global separations technology company involved in the
 manufacture and sale of membranes, equipment and own and operate services for
 the purification, disinfection, concentration, treatment and analysis of
 water, wastewater and ultrapure water.  Over a period of more than 50 years
 Ionics has built more desalination plants than any company in the world.
 Ionics has been a pioneer in purified water with its worldwide five-gallon
 brand, Aqua Cool(R) Pure Bottled Water.
 
     Safe-harbor statement under the Private Securities Litigation Reform Act
 of 1995: Forward-looking statements in this news release involve risk and
 uncertainty.  The statements contained in this release which are not
 historical facts, including without limitation statements related to use of
 proceeds, are forward-looking statements.  Important factors, including
 overall economic conditions, demand for Company products, raw material
 availability, availability of manufacturing capacity, technological and
 product development risks, competitors' actions, and other factors described
 in the Company's filings with the Securities and Exchange Commission could
 cause actual results to differ materially.
 
      For more information, contact:
      Daniel M. Kuzmak, Vice President
      and Chief Financial Officer
      Ionics, Incorporated
      Tel: (617) 926-2510 ext. 350
      dkuzmak@ionics.com
 
      Theodore G. Papastavros, Vice President
      Strategic Planning
      Ionics, Incorporated
      Tel: (617) 926-2510 ext. 221
      tpapastavros@ionics.com
 
 
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SOURCE Ionics, Incorporated
    WATERTOWN, Mass., April 20 /PRNewswire Interactive News Release/ --
 Ionics, Incorporated (NYSE:   ION) announced today that it had sold 875,000
 shares of its Common Stock to Fidelity Management & Research Company, on
 behalf of funds and accounts managed by it.  The shares were sold at a price
 of $24.93 per share and the total proceeds to Ionics were approximately $21.8
 million.  Ionics has agreed to file a registration statement with the
 Securities and Exchange Commission covering the resale of these shares.
     "We are pleased with the confidence shown in Ionics by Fidelity," said
 Arthur L. Goldstein, Ionics' Chairman and Chief Executive Officer.  "The
 proceeds from the offering will be used for working capital purposes and will
 lessen the Company's use of short-term borrowings."
     These shares of Common Stock have not been registered under the Securities
 Act of 1933 and may not be offered or sold in the United States absent
 registration or an applicable exemption from the registration requirements of
 such Act.  This press release shall not constitute an offer to sell or a
 solicitation of an offer to buy any shares of Common Stock.
     Ionics is a global separations technology company involved in the
 manufacture and sale of membranes, equipment and own and operate services for
 the purification, disinfection, concentration, treatment and analysis of
 water, wastewater and ultrapure water.  Over a period of more than 50 years
 Ionics has built more desalination plants than any company in the world.
 Ionics has been a pioneer in purified water with its worldwide five-gallon
 brand, Aqua Cool(R) Pure Bottled Water.
 
     Safe-harbor statement under the Private Securities Litigation Reform Act
 of 1995: Forward-looking statements in this news release involve risk and
 uncertainty.  The statements contained in this release which are not
 historical facts, including without limitation statements related to use of
 proceeds, are forward-looking statements.  Important factors, including
 overall economic conditions, demand for Company products, raw material
 availability, availability of manufacturing capacity, technological and
 product development risks, competitors' actions, and other factors described
 in the Company's filings with the Securities and Exchange Commission could
 cause actual results to differ materially.
 
      For more information, contact:
      Daniel M. Kuzmak, Vice President
      and Chief Financial Officer
      Ionics, Incorporated
      Tel: (617) 926-2510 ext. 350
      dkuzmak@ionics.com
 
      Theodore G. Papastavros, Vice President
      Strategic Planning
      Ionics, Incorporated
      Tel: (617) 926-2510 ext. 221
      tpapastavros@ionics.com
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X22042263
 
 SOURCE  Ionics, Incorporated