UTILX Corporation Announces One-Year Contract with BNG in Germany

Business Wire, April 13, 2000

Business Editors

KENT, Wash.--(BUSINESS WIRE)--April 13, 2000

UTILX Corporation (Nasdaq:UTLX) announced that it has signed a contract to inject its patented CableCURE(R) fluid into approximately 120 kilometers of power cable for BNG (BAYERNWERK NETZ GESELLSCHAFT) which services most of the Bavarian regions of Germany. BAYERNWERK is part of the VIAG Group and after the merger of the VIAG and VEBA Groups the new formed utility, E.ON AG, will become the second largest utility group in Germany. The contract is expected to yield revenues of approximately 3 million D-Marks or about $1.5 million US in the current calendar year. CableCURE technology extends the life of aging buried power cables by over 20 years for a fraction of the cost required to replace the cable.

"BNG is currently our largest CableCURE customer," said William M. Weisfield, President and CEO of UTILX Corporation. "BNG has four years of experience with CableCURE technology with over 150 kilometers already treated. Our European CableCURE operations have been expanding at a very rapid pace. Our core customers, such as BNG, have provided us a steady stream of business and a base of operations on the continent which has allowed us to expand into Holland, Austria, Spain, Poland and Italy."

UTILX Corporation provides critical services for the installation and rejuvenation of aged underground infrastructure with its FlowMOLE(R) service and proprietary CableCURE solution in the U.S. and Canada through a network of regional sales and service centers. The Company also provides CableCURE services either directly or through licensees throughout Europe, Asia, and now South America.

This release contains forward-looking statements relating to the Company's existing and future products and services and future operating results that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe", "expect", "intend", "plan", variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include competitive pressures, levels of work received from key customers, weather, regulatory, other matters affecting the utility industry in general, and any matters that could cause sudden changes in customers' demand for the Company's services. The Company's contracts typically allow for cancellation on short notice. Reference is made to the Company's latest Annual Report on Form 10-K filed with the SEC for a more detailed description of such factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.