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Stockholm Junior Water Prize Winners Discover Method for Biodegradation of Plastic

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^{Published in Stocks and Investing on Wednesday, September 8th 2010 at 11:56 GMT by Market Wire}  

WHITE PLAINS, N.Y.--([ BUSINESS WIRE ])--The Stockholm Junior Water Prize, the most prestigious international student award for water-related research sponsored globally by ITT Corporation (NYSE: ITT), was awarded to teenagers Alexandre Allard and Danny Luong of Canada yesterday at the World Water Week in Stockholm. Allard and Luonga™s research, which focused on the biodegradation of plastic Polystyrene, demonstrated a novel approach to break-down harmful plastics in water using micro-organisms and enzymes that are cost effective and readily available.

"Their project is another example of how important it is to engage the brightest young minds, recognize them throughcompetitions like the Stockholm Junior Water Prize, and to marshal their commitment as the next generation of water leaders."

Allard and Luong receive a $5,000 award and an expense-paid trip to New Orleans, Louisiana, in October, to present their findings at the World Environment Federation annual conference, the largest water quality and technology event in North America.

The jury also awarded Diplomas of Excellence to Yingxin Li, Zhaonan Yang and Wanling Chen from China for their project on critical water quality-related problems including fertilizer loss, recycling of waste and the improvement of soil fertility.

aWe are very proud of Alexandre and Danny fortheir outstanding research, which demonstrates theimagination and rigor necessary toaddress the worlda™s critical waterchallenges,a said Gretchen McClain, ITTa™s senior vice president and president of its Fluid and Motion Controlgroup. aTheir project is another example of how important it is to engage the brightest young minds, recognize them throughcompetitions like the Stockholm Junior Water Prize, and to marshal their commitment as the next generation of water leaders.a

aExpanded Polystyrine (EPS) is a great threat to the environment since it contributes to the spread of toxins such as styrene and bisphenol A into our waters. We hope that our method will be widely used and consequently increase the water quality in the world,a said the winners after receiving the prize.

The international Stockholm Junior Water Prize is presented each year to high-school age students for outstanding water-related projects that focus on topics of environmental, scientific, social or technological importance. Winners from more than 30 national competitions competed for the international honor, which was awarded by an international jury of water professionals and scientists. The prize is administered by the Stockholm International Water Institute.

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. [ www.itt.com ].

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