Siemens Power Generation Acquires Advanced Burner Technologies

Business Wire, June 2, 2006

ORLANDO, Fla. -- Siemens Power Generation (PG) expands upon its environmental care business strategy by acquiring Advanced Burner Technologies, Inc. (ABT), known globally for its highly effective low NOx burners and combustion modifications for pulverized coal-fired steam generators.

ABT is one of several recent acquisitions aimed at expanding Siemens' offering of market-driven solutions for cleaner, more efficient power generation products and services. In 2004, Siemens acquired Bonus Energy A/S. In October 2005, Wheelabrator Air Pollution Control, Inc. was brought into the company, and most recently, Siemens Power Generation acquired Sustec Group for its trendsetting technology for converting coal cleanly for electricity generation.

Strategically this combination matches Advanced Burner Technologies' advanced NOx prevention and control products with Siemens Power Generation's global expertise in highly efficient turbine-generators, power plant equipment and advanced air emissions control products. Overall, this acquisition furthers Siemens' ongoing commitment to provide innovative technologies, solutions and services to better meet the needs of our customers. Mr. Joel Vatsky, current president of ABT, will continue in his position. ABT will remain in its present location in Pluckemin, New Jersey, and report to PG's Fossil Service Division. The terms of the transaction were not disclosed.

Siemens and ABT share many of the same customers. "This acquisition simplifies business for many of our joint customers, who will now have a single point of contact for many of their plant operations and maintenance services, including the effective integration of service for their turbines, fuel combustion equipment and air emissions control technologies," said Craig Weeks, president, Siemens Power Generation Fossil Service Division.

The Power Generation Group (PG), a unit of Siemens AG, is one of the premier entities in the international power generation sector. In fiscal 2005 (which ended September 30), Siemens PG posted sales amounting to approximately EUR8.1 billion and received new orders totaling EUR11 billion. Group profit amounted to EUR951 million. On September 30, 2005, PG had a work force of approximately 33,500 worldwide. Further information at: http://www.siemens.com/powergeneration.>

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