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Sandia National Laboratories and Waters Corporation Announce Agreement

MILFORD, Mass.--(BUSINESS WIRE)--March 19, 2001--Waters Corporation (NYSE:WAT) announced today it has signed a license and research agreement with Sandia National Laboratories (Albuquerque, NM and Livermore, CA). Under the terms of the agreement, Waters secures rights to Sandia's microfluidics technology, which offers promise in development of miniaturized High Performance Liquid Chromatography instruments. The agreement includes a multi-year Cooperative Research and Development Agreement (CRADA) to jointly develop further microfluidics technology. "Sandia's breakthrough technology truly enables miniaturization of HPLC. We are tremendously excited about using this technology to develop new HPLC instruments that can be easily integrated with our mass spectrometry products" said Waters' Senior V.P. of R&D, John Nelson. John Vitko, Director of Exploratory Systems and Technology at Sandia National Laboratories commented, "We are very excited to be able to work in this collaboration with Waters Corporation to further develop and commercialize microfluidics technology. This is a major step forward in our vision to provide miniature chemical analysis systems for national security needs ranging from the detection of chemical and biological agents to the clean up and monitoring of environmental waste sites."

About Waters Corporation

Waters Corporation holds worldwide leading positions in three complementary analytical technologies - high performance liquid chromatography, thermal analysis and mass spectrometry - which account for $4 billion in annual revenues of the $18 billion analytical instrument total.

About Sandia National Laboratories

Sandia National Laboratories is operated for the U.S. Department of Energy by Sandia Corporation, a Lockheed-Martin Company. The laboratory employs 7,400 people and has a budget of $1.4B. Their groundbreaking uChemLab(TM) technology has been successfully employed in the development of portable, handheld gas and liquid chromatography systems.

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CONTACT: Waters Corporation Sandia National Laboratories
Brian Mazar Duane Lindner, Ph.D.
508-482-2193 925-294-3306