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Waters Corporation's Subsidiary 'TA Instruments, Inc.' Receives Favorable Decision in Patent Infringement Action Against the Perkin-Elmer Corporation
MILFORD, Mass., Oct 3, 2002 (BUSINESS WIRE) -- TA Instruments, Inc., a subsidiary of Waters Corporation (NYSE:WAT), today reported that on October 2, 2002, the U.S. District Court for the District of Delaware received the verdict of a jury, that The Perkin-Elmer Corporation was liable for approximately $13.3 million plus interest for infringing TA Instruments, Inc.'s MDSC(R) patents (U.S. Patents 5,224,775; 5,346,306 and 5,439,291). The MDSC(R) patent relates to calorimeters, instruments used to test the effect of temperature on plastics and other materials. The amount found by the jury does not include potential damages for willfulness. Perkin Elmer Inc. now sells the thermal analysis products formerly sold by The Perkin Elmer Corporation.

The same jury found that TA Instruments, Inc. did not infringe a patent asserted by The Perkin Elmer Corporation.

Waters Corporation holds worldwide leading positions in three complementary analytical technologies - high performance liquid chromatography (HPLC), mass spectrometry (MS) and thermal analysis (TA). These markets account for $4.2 billion of the overall $19 billion analytical instrumentation market. For further information about Waters Corporation, please visit the Company's web site at www.waters.info.

Certain statements contained herein are forward looking. Many factors could cause actual results to differ from these statements, including loss of market share through competition, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of new products, changes in the healthcare market and the pharmaceutical industry, changes in distribution of the Company's products, and foreign exchange fluctuations. Such factors are discussed in detail in the Company's filings with the Securities and Exchange Commission.

CONTACT:
Waters Corporation
Gene Cassis
508-482-2349