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Riley Power Announces Exclusive License Agreement for Sub-critical Coal-fired Steam Generator Technology.


DANVERS, Mass. -- Riley Power Inc., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Babcock Power Inc., has signed a license agreement with Cethar Vessels (P) Ltd. of Tiruchirapalli, India for the exclusive use of Riley's proprietary sub-critical coal-fired steam generator A steam generator is a device used to boil water to create steam. It may refer to:
  • Boiler, a closed vessel in which water is heated under pressure
  • Steam generator (nuclear power), a heat exchanger in a pressurized water reactor equipped nuclear power plant
 and firing systems In demolition, a system composed of elements designed to fire the main charge or charges.  technologies.

This license agreement demonstrates Riley Power's commitment to select high quality partners throughout the world in a continued effort to remain one of the preeminent pre·em·i·nent or pre-em·i·nent  
adj.
Superior to or notable above all others; outstanding. See Synonyms at dominant, noted.



[Middle English, from Latin prae
 suppliers of reliable, well-engineered equipment to the power industry. Cethar Vessels, with its distinguished track record in India, complements Riley Power's global strategies, achieving many firsts in the field of boiler technology within India and commissioning nearly nine hundred boilers as well as seven power plants.

James Wood James Wood can refer to:
  • James Wood (Governor) (1747–1813), Governor of Virginia
  • James Wood, Sr. (1707–1759), founder of Winchester, Virginia, father of Governor James Wood
  • James Wood (critic) (b.
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Babcock Power Inc. stated, "We are very pleased to have concluded this agreement between our Riley Power Inc. subsidiary and this dynamic company. India's economic growth requires substantial additional electric generation and our suite of Riley clean combustion boiler products should help Cethar gain a significant market share of this new capacity."

Cethar Vessels (P) Ltd., founded in 1981, is the flagship company of the Cethar Group and a major supplier of industrial boilers, boiler components and captive power plants on the Indian sub-continent. In addition to Cethar Vessels, the Cethar Group is comprised of Cethar Consultancy Services, Cethar Consulting Engineers, Cethar Energy, Cethar Industries, Pipelines & Process Equipments, and Micromax Systems.

Babcock Power Inc., through its subsidiaries, is one of the world's leading suppliers of technology, equipment, and services to the power generation industry. Babcock Power subsidiary companies include; Vogt Power International (Louisville, KY), Thermal Engineering International (USA) Inc. (Santa Fe Springs Santa Fe Springs, city (1990 pop. 15,520), Los Angeles co., SW Calif., inc. 1957. The city lies in an oil and natural gas region and has diversified manufacturing. , CA), Babcock Power Environmental, Riley Power Inc. and Babcock Power Services (Worcester, MA), Boiler Tube Company of America (Lyman, SC), and TEi Construction Services, Inc. (Duncan, SC).
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Publication:Business Wire
Date:Aug 21, 2007
Words:297
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