20.11.02

20.11.2002: Meldung: Ionics Receives Order Valued at over $20 Million

Ionics Incorporated announced today that it had received
an order valued at over $20 million from one of the nation"s leading independent power producers to build, own and operate the water treatment facility for a 750- megawatt, natural gas-fired cogeneration power plant in Pennsylvania. This new facility, which is being built at a refinery site, will serve the growing demand for electricity in the Pennsylvania-New Jersey-Maryland region and supply steam to the
refinery to replace a portion of its existing source of steam. The power plant is scheduled to go on line in 2003.

Ionics" water treatment solution will consist of multiple
membrane-based technologies including reverse osmosis (RO),
degasification and electrodeionization (EDI). Ionics will own and operate the water treatment system for a period of 10 years under the terms of a build- own-operate (BOO) contract. In this outsourcing arrangement, Ionics will handle all aspects of the water operations for the client.

Ionics" demineralized water system will produce up to 3.9 million gallons per day (mgd) of ultrapure water from a Delaware River feedwater supply. In addition to producing the 3.9 mgd of product water, the water treatment system will also be flexible enough to handle the refinery"s condensate for recycle and reuse.

According to Ionics" Chairman and CEO, Arthur L. Goldstein, "The award of this contract underscores Ionics" long-term commitment and history in serving the power industry. We are very pleased with the confidence
placed in Ionics under this long-term industrial partnering
arrangement."

About Ionics

Ionics is a global separations technology company involved in the manufacture and sale of membranes, equipment, systems and services for the purification, disinfection, concentration and analysis of water, wastewater and ultrapure water. Over a period of more than 50 years,
Ionics has built more desalination plants than any other company in the world. Ionics is a leader in the supply of world-class ultrapure water systems for the power and microelectronics industries, zero
liquid discharge systems and in the measurement and analysis of both
total organic carbon and boron. For additional information, please
visit www.ionics.com.

Safe-harbor statement under the Private Securities Litigation Reform
Act of 1995: This news release contains forward-looking statements.
The statements contained in this release which are not historical
facts are forward- looking statements, including, without limitation,
statements regarding Ionics" future performance. These forward-
looking statements are neither promises nor guarantees but are subject
to risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements, including overall
economic conditions; demand for Company products; price pressures and
competition from companies larger than the Company; risks of
nonpayment of accounts receivable; risks associated with foreign
operations; availability of manufacturing capacity; technological and
product development risks; and other factors described in the
Company"s filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December
31, 2001. You should not place undue reliance on the forward-looking
statements in this press release, and the Company disavows any
obligation to update or supplement those statements in the event of
any changes in the facts, circumstances, or expectations that underlie
those statements.

For more information, contact:
Francine S. Bernitz, Vice President Theodore G. Papastavros
Marketing and Corporate Executive Vice President and
Communications Treasurer
Ionics, Incorporated Ionics, Incorporated
Tel: (617) 926-2510 ext. 312 Tel: (617) 926-2510 ext. 221
fbernitz@ionics.com tpapastavros@ionics.com
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