NEW YORK, May 27 /PRNewswire/ -- Water Asset Management announced today
that its nominee, Nickolas W. Vande Steeg, the former President and COO of
Parker Hannifin, has been elected to the board of directors of Insituform
Technologies, Inc. (Nasdaq: INSU)
Matthew J. Diserio, President of Water Asset Management, said: "The
message of our proxy contest and the strong support our slate received have
sharpened the focus of the Insituform board. Nick Vande Steeg's election is
a victory for stockholders. Nick brings unique insight and experience to
the Insituform board, which, if fully embraced, can substantially enhance
long term stockholder value. During this proxy solicitation, many of
Insituform's largest stockholders have put the board on notice that they
support our call for change. Insituform is a unique enterprise with
substantial global market opportunity. Stockholders deserve, and clearly
expect, improved results. We look forward to working with new CEO Joe
Burgess and will closely monitor the Board's leadership in achieving the
improved results promised in the run-up to this important election."
SOURCE Water Asset Management
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CONTACT:
Mark H. Harnett of MacKenzie Partners, Inc.,
+1-212-929-5877, for Water Asset Management
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