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WELLSVILLE, New York (April 10, 2007) – Another milestone achievement has been reached by Dresser-Rand -- its Steam Turbine Strategic Business Unit recently completed production and testing of the largest single-casing steam turbine ever produced by the company.
The landmark unit is the result of nearly 16 months of engineering and production, according to Mike McGuinness, sales and marketing manager for Dresser-Rand's Turbine Strategic Business Unit. "This is a 69 megawatt steam turbine measuring 24 feet in length. When coupled to the generator, the length of the unit measures more than 49 feet."
The unit is a double-controlled extraction/condensing turbine that will be used to generate power by a major paper manufacturer in the southeastern United States. "This steam turbine is part of the client's overall effort to reduce power generation costs at their facility," McGuinness added. "Steam for the turbine will be generated by a boiler fired by tree bark and petroleum coke (which replaces an older natural gas-fired boiler), making the system more economical as the price of natural gas rises."
By replacing the gas-fired boiler with the more flexible bark-and-coke-fired boiler, the client anticipates reducing overall purchased power by 90 percent, and reducing natural gas consumption for steam generation by 70 percent. Additionally, the two extraction steam pressure levels produced will be used in the papermaking processes.
The success of the project is the result of teamwork and innovation, according to McGuinness. "Every team member contributed and worked efficiently to meet the requirements of the project, with these very favorable results."
With decades of experience in designing, manufacturing and servicing steam turbines, Dresser-Rand provides unmatched knowledge in a full range of standard products as well as custom-engineered solutions. Dresser-Rand's worldwide installed steam turbine equipment base includes approximately 62,000 units in more than 100 countries.
PHOTO: (DR-ST1) This Dresser-Rand steam turbine measures more than 49 feet in length when coupled to the generator, and produces 69 megawatts of power.
About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to companies that operate in the worldwide oil, gas, petrochemical, and process industries. Dresser-Rand operates manufacturing facilities in the United States, France, Germany, Norway, and India, and maintains a network of 26 service and support centers worldwide.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements concerning The Company's plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends, executive compensation and other information that is not historical information. The words "anticipates," "believes," "expects", "intends," and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include, among others, the following: material weaknesses in its internal controls; economic or industry downturns; its inability to implement its business strategy to increase aftermarket parts and services revenue; competition in its markets; failure to complete or achieve the expected benefits from, any future acquisitions; economic, political, currency and other risks associated with international sales and operations; loss of senior management; the Company's brand name may be confused with others; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; ability to operate as a stand-alone company; unexpected product claims and regulations; and infringement on its intellectual property or infringement on others' intellectual property. These and other risks are discussed in greater detail in the Company's filings with the Securities and Exchange Commission at http://www.sec.gov. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. For information about Dresser-Rand, go to its website at http://www.dresser-rand.com.
