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November 15, 2004
Trojan directors retire as board is downsized following acquisition by Danaher Corporation
LONDON, ONT-Following a change of ownership finalized last week, Trojan Technologies has made a number of changes to its board of directors, which has been downsized to three members following the company's acquisition by Danaher Corporation. Stephen Ardia, Quincalee Brown, Marvin DeVries, Milton Haines, Robert Rae, Olaf Skorzewski, and Henry Vander Laan have retired as directors, pursuant to the terms of the acquisition agreement. James Ditkoff, vice-president, finance and tax, of Danaher, and Ian Wick, of the law firm Keyser Mason Ball, LLP, have been appointed as directors of the company, joining George Taylor who will continue to serve on Trojan's board until pending the company ceases to be a reporting issuer under applicable securities legislation. Through its wholly-owned subsidiary, Helen Nova Scotia Unlimited Liability, Danaher purchased 94% of Trojan's outstanding common shares, pursuant to an offer made on October 1. Trojan president and CEO Marvin DeVries said the transaction will provide his firm enhanced access to financial resources and a stronger global base. "Trojan and Danaher share a common vision of providing innovative solutions for advanced water treatment. By joining forces with Danaher, Trojan will be able to expand at a faster pace into important emerging markets such as China and eastern Europe," he said.