Industry & Services >> CEO Interviews >> October 14, 2002

Dean Spatz – Osmonics Inc (osm)

D. DEAN SPATZ, Founder, Chairman and Chief Executive Officer of Osmonics, Inc., since 1969, received a BE and Liberal Arts degree from Dartmouth College and a Master of Engineering degree from the Thayer School of Engineering, Dartmouth College. Mr. Spatz is a Registered Professional Chemical Engineer and member of the American Institute of Chemical Engineers, the American Membrane Technology Association, the American Water Works Association, the North American Membrane Society, the International Desalting Association and the American Society for Testing and Materials and he is listed in 'Who's Who in Engineering.' He is also a member of the Board of Directors of Sigma-Aldrich Corporation, a Fortune 1000 Company, and SI Technologies, Inc., both NASDAQ-listed companies. He is on the Board of Directors of the Water Quality Association and is active in the World Presidents' Organization. He is on the Corporate Advisory Board for the Thayer School of Engineering and is a periodic lecturer at Dartmouth College and other institutions. Active in membrane technology since 1964, Mr. Spatz initially worked under contract with the Office of Saline Water, U.S. Department of the Interior to develop low pressure reverse osmosis membranes and equipment. In 1968, he was manager of engineering for Aqua Technology, Inc., and in 1969 founded Osmonics, Inc. Mr. Spatz has been awarded five US patents and their related foreign patents in the reverse osmosis and ultrafiltration field. He is the author of 25 technical papers on the use of reverse osmosis and other membranes for water recycling, heavy metal reclamation, industrial waste water treatment and food processing, as well as water purification for medical and industrial applications. In 1975, he received the Putnam Food Award for 'Sugar Reclamation System Using Reverse Osmosis' and Mr. Spatz and Osmonics received the Chemical Equipment Energy Award in 1982 for a unique two-pass reverse osmosis system. In 1991, Mr. Spatz was voted 'Minnesota's Entrepreneur of the Year' in the high technology/medical field. Profile
TWST: Could you give us an overview of the current situation at

Osmonics?

Mr. Spatz: We will be doing about $215 million in sales this year but

the company actually started in 1969, back in