Oct 24, 2011

Dresser-Rand Teams Up With King Fahd University Faculty and Students for Noise Reduction Research

Houston, Texas, October 24, 2011 - Dresser-Rand, a supplier of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries, has finalized a collaborative research agreement (CRA) with King Fahd University of Petroleum and Minerals (KFUPM). The company recently participated in the 2nd Annual KFUPM Research Day to highlight activity taking place under the research agreement.

With lectures, technical presentations and an exhibition, KFUPM (the University) organized the event, held on the KFUPM campus, to enable faculty, researchers, graduate students and guests to learn about research activities at the University and build an environment of innovation.

"The CRA also includes a plan for Dresser-Rand to occupy an office at the Dhahran Techno Valley business center on the KFUPM campus to foster continued collaboration with University staff and students," said Dr. David A. Nye, Director, Research and Development, Dresser-Rand. "This will allow Dresser-Rand to provide a local R&D presence for Saudi Aramco and other Saudi-based oil and gas companies, and it's already proven helpful in our noise reduction research."

As a sponsor, Dresser-Rand supported the KFUPM Research Day with a booth and exhibited the
Dresser-Rand Array demonstration rig. An interactive demonstration of the Array noise reduction technology was performed, and KFUPM students from the Mechanical Engineering Department presented findings of a Dresser-Rand-funded research project focused on improving the Array technology.

The research team from KFUPM included Dr. Samir Mekid and three students. Two undergraduate students worked on how to reduce the manufacturing cost of Array technology. They collaborated with another team of students from Lehigh University on the same topic. A graduate student studied resonator arrays in general to further improve the acoustic performance of Dresser-Rand arrays.

Elements of the joint research project included a presentation covering acoustics fundamentals, acoustic measurement techniques and an Array demonstration. A field noise survey at Saudi Aramco sites was also conducted by Dresser-Rand and KFUPM.

In addition to the CRA, Dresser-Rand and Saudi Aramco are evaluating opportunities to apply noise reduction technology to compressor installations at production facilities within the Kingdom. Office space has been established in Dhahran Techno Valley to provide a convenient location for Dresser-Rand personnel to meet and collaborate with local students in support of these and other local projects.

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and China, and maintains a network of 45 service and support centers (including 6 engineering and R&D centers) covering more than 140 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, 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", "appears", 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: potential for material weaknesses in its internal controls; economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; its ability to implement potential tax strategies; 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; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expense and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at 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 except as required by applicable laws. For information about Dresser-Rand, go to its website at www.dresser-rand.com.

Investor Contact:
Blaise Derrico
Director Investor Relations
(713) 973-5497