Catalytica/Woodward Governor Venture to Retrofit Gas Turbine at FPL Group Plant; FPL to Support GENXON Power Systems' Commercialization of XONON Combustion System.MOUNTAIN VIEW, Calif--(BUSINESS WIRE)--Dec. 5, 1996--GENXON Power Systems, a 50/50 joint venture between Woodward Governor Company The Woodward Governor Company is the world's oldest and largest independent designer, manufacturer, and service provider of energy control solutions for aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB OTCBB See OTC Bulletin Board (OTCBB). : WGOV) and Catalytica Combustion Systems, Inc., a subsidiary of Catalytica, Inc. (Nasdaq: CTAL CTAL Confederacion de Trabajadores de America Latina (Confederation of Latin American Workers) CTAL Canadian Tire Acceptance Limited CTAL Computer Technology Application Lab, Inc. CTAL Confidentially Typed Assembly Language ), today announced the signing of an agreement in which FPL Group Inc. (NYSE NYSE See: New York Stock Exchange : FPL) will support the commercialization of the XONON(TM) Combustion System being developed for a Pratt & Whitney FT-4 gas turbine. The Juno Beach This article is about the beach codenamed in WWII. For other uses, see Juno Beach (disambiguation) Juno Beach was one of the landing sites for Allied invaders on the coast of Normandy during D-Day. It was situated between Sword Beach and Gold Beach. , Florida-based electric utility holding company, one of the largest in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , will provide one of its FT-4 turbines at its Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. plant to be retrofitted with the XONON Combustion System for reducing NOx emissions to 3 parts per million parts per million mg/kg or ml/l; see ppm. . In addition to providing the engine, FPL will assist GENXON with the performance testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. program. "Our agreement with GENXON Power Systems is an excellent opportunity for us to work directly with the XONON Combustion System, which may have broad applicability to our turbine fleet," said David Stephens, FPL's Combustion Turbine Commodity Manager. "To meet increasing power requirements and investigate improved environmental approaches, FPL actively encourages and promotes promising new technologies." Dennis A. Orwig, President of Catalytica Combustion Systems, said, "With one of the largest gas turbine fleets in the world, FPL is an ideal partner for GENXON as well as a significant potential customer. FPL's intimate knowledge of the FT-4 turbine and its commitment of resources will contribute to a successful systems integration and thereby expedite the commercialization of the XONON system in the installed turbine retrofit market." Catalytica and the Woodward Governor Company established GENXON Power Systems to provide an integrated portfolio of products and services, including XONON, for out-of-warranty gas turbines. In addition to gas turbine fleet asset planning and utilization services for both power generation and mechanical drive markets, GENXON will offer Catalytica's XONON technology for ultra low NOx emissions, Woodward's NetCon(R) control systems, turbine overhaul and upgrades, as well as contract maintenance and service. Woodward Governor Company, founded in 1870, provides innovative engine controls and fuel delivery systems designed for a wide variety of applications. With more than $400 million in revenues and locations in 16 countries, the company serves aircraft and industrial (marine, locomotive, large off-road vehicles, power generation, gas generation and process manufacturing) markets. Catalytica, Inc. develops and produces advanced products that use proprietary catalytic technologies to lower manufacturing costs and reduce hazardous byproducts. In addition to the development of advanced combustion systems for the elimination of toxic emissions generated by gas turbines, Catalytica, through its 85 percent-owned subsidiary, Catalytica Fine Chemicals, Inc., develops and manufactures fine chemical building blocks for the pharmaceutical industry. This news release contains forward-looking statements reflecting Woodward's and Catalytica's current expectations. Investors are cautioned that these forward-looking statements involve risks and uncertainties that may cause actual performance to be different from any future performance implied by these statements. Such risks and uncertainties include, without limitation, product development delays, changes in demand for retrofit of gas turbines, changes in environmental regulations, and competition. Investors are encouraged to review Woodward's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 1995 for more information regarding Woodward, and Catalytica's Form 10-K for the year ended December 31, 1995 (Part II, Item 7) for a more complete discussion of factors that could affect Catalytica's future performance. -0- Note to Editors: XONON is a trademark of Catalytica, Inc. NetCon is a registered trademark of Woodward Governor Company Catalytica Web address: http://www.catalytica-inc.com Woodward Web address: http://www.woodward.com CONTACT: GENXON Power Systems Joseph F. Cussen, 415/940-6204 or Woodward Governor Company Terry A. Shetler, PE, 970/962-7100 |
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