ZENON's advanced membranes include membrane bioreactor (MBR) and hollow fiber technologies that offer low-cost filtration and disinfection in one step with low energy consumption. ZENON has an extensive patent portfolio that will enhance GE's current water scarcity platform by providing pre-treatment technology for reverse osmosis desalination and reuse. ZENON's technology in municipal water treatment will enhance GE's presence with advanced technology products in this large global industry. ZENON's technologies also will help GE provide the best life-cycle cost reduction for customers in customized service agreements. Under the terms of the agreement, GE will acquire all of the issued and outstanding Common Shares of ZENON (ZEN – TSX) and the Non-Voting Class A Shares (ZEN.NV.A – TSX) for Cdn $24.00 in cash.