Babcock Power Acquires Assets of Welding Technologies.

DANVERS, Mass. -- Babcock Power Inc. ("BPI") announced today that its subsidiary, Babcock Power Services Inc. ("Babcock Power Services"), has acquired all assets of Welding Technologies Inc. located in Gainesville, Georgia. Welding Technologies will be a division of Babcock Power Services, one of the four business segments within the BPI group of companies.

Welding Technologies provides field welded repair, replacement and refurbishment of plant equipment and fabrication of ASME parts and pressure vessels for the power generation, petrochemical and pulp and paper industries. Included in the acquisition by Babcock Power Services are all machinery, equipment, computer hardware, PLC codes, tools, drawings, patents, trademarks, trade names, copyrights, product formulae, inventions, proprietary know-how, technology, licenses, and design programs used to conduct the operations of Welding Technologies, including the name and goodwill. All current operations and customer interfaces will continue to be handled out of the Gainesville, GA facilities.

Ted Maliszewski, President, Babcock Power Services Inc., stated that, "The opportunity to gain this expertise will compliment our existing product offerings to the power generation facilities and allow us to further our expansion into the industrial markets." Babcock Power Services is a leading supplier of technology, equipment and engineering services for upgrading and maintaining any OEM's fossil-fired steam generating equipment, and associated ancillary equipment. Other affiliated companies and divisions of Babcock Power Services in the Services segment of BPI include: Riley Power Inc., Boiler Tube Company of America, the Cladding Technology division, and TEi Construction Services, Inc.

Babcock Power Inc. (www.babcockpower.com) is one of the world's leading suppliers of technology, equipment and services to the power generation industry. Babcock Power designs, manufactures and services heat recovery steam generators through its Vogt Power International Inc. subsidiary located in Louisville, KY; provides heat exchangers and after market services, including moisture separator reheaters, steam surface condensers and feedwater heaters for fossil-fired and nuclear plants through its Thermal Engineering International (USA) Inc. subsidiary located in Santa Fe Springs, CA; and provides new steam generators, environmental solutions (including SCRs, flue gas scrubbers and mercury removal systems), and a complete portfolio of after market solutions to the electric utility and waste-to-energy industries for any OEM's boiler through its subsidiaries located in Worcester, MA.