Bli medlem
Bli medlem

Du är här

2015-05-28

KBR, Inc.: KBR and EXELUS Sign Technology Licensing Agreement

HOUSTON
- May 28, 2015 - KBR Inc. (NYSE: KBR) announced today that it has signed an
alliance agreement with Exelus Inc., a leading developer of green chemical
technologies, to allow KBR to exclusively license Exelus' Solid Acid Catalyst
(ExSact) for KBR's Solid Acid Alkylation Technology (K-SAAT).

Global demand for motor fuels continues to rise while stricter environmental
standards and oxygenate blend requirements for gasoline place a premium on
clean burning fuels such as alkylate.

KBR's K-SAAT process is a highly adaptable technology that produces a more
cost effective, higher quality alkylate than conventional liquid acid
catalysts or other solid acid catalysts.

The key to the K-SAAT technology is ExSact, a revolutionary solid acid
catalyst engineered to overcome rapid deactivation limitations of solid-acid
catalysts and provide superior alkylation performance. The K-SAAT process is
safe and environmentally benign compared with conventional liquid acid
catalyst process technologies. This technology continues KBR's history of
delivering innovative and groundbreaking technologies to benefit customers
facing demanding market situations.

KBR will provide engineering support to deliver the license packages to
clients. John Derbyshire, KBR President of Technology and Consulting,
explained that "this alliance reflects KBR's commitment to providing
innovative technologies that give our customers a competitive advantage in
today's markets".

"This agreement is a great opportunity for KBR to expand our refining
technology portfolio," Derbyshire said. "This will give KBR the ability to
provide our potential clients a safer and lower cost alternative for
high-quality alkylate production".

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction
company serving the hydrocarbons and government services industries,
employing approximately 25,000 people worldwide with customers in more than
70 countries and operations in 40 countries across three distinct global
businesses:

* Technology&Consulting, including proprietary technology in refining,
ethylene, ammonia and fertilizers, and gasification; and niche consulting
and know-how through subsidiaries Granherne, Energo and GVA
* Engineering&Construction, including Upstream Oil&Gas; LNG/GTL; Downstream
Oil&Gas; Petrochemicals and Chemicals; differentiated EPC and Industrial
Services
* Government Services, including program management and long term annuity
contracts

KBR is proud to work with its customers across the globe to provide
technology, value-added consulting services, integrated EPC delivery and Long
Term Industrial Services to ensure consistent project delivery with
predictable results. AtKBR, we deliver

.

Visitwww.kbr.com

About Exelus Inc.

Exelus Inc. is an advanced technology company, (www.exelusinc.com) that
develops and licenses Cleaner-by-Design chemical processes for the
petrochemical, refining and bio-fuels industry. These processes reduce the
scale of raw material usage over current technologies, minimize carbon
foot-prints while simultaneously improving economic viability. Our world
today derives its energy from many sources, such as oil, natural gas, coal,
and biomass. Exelus strives to offer technologies that produce clean fuels
and chemicals from multiple sources and feedstocks

Forward Looking Statement

The statements in this press release that are not historical statements,
including statements regarding future financial performance, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of
which are beyond the company's control that could cause actual results to
differ materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the outcome of
and the publicity surrounding audits and investigations by domestic and
foreign government agencies and legislative bodies; potential adverse
proceedings by such agencies and potential adverse results and consequences
from such proceedings; the scope and enforceability of the company's
indemnities from its former parent; changes in capital spending by the
company's customers; the company's ability to obtain contracts from existing
and new customers and perform under those contracts; structural changes in
the industries in which the company operates; escalating costs associated
with and the performance of fixed-fee projects and the company's ability to
control its cost under its contracts; claims negotiations and contract
disputes with the company's customers; changes in the demand for or price of
oil and/or natural gas; protection of intellectual property rights;
compliance with environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income taxes;
unsettled political conditions, war and the effects of terrorism; foreign
operations and foreign exchange rates and controls; the development and
installation of financial systems; increased competition for employees; the
ability to successfully complete and integrate acquisitions; and operations
of joint ventures, including joint ventures that are not controlled by the
company.

KBR's most recently filed Annual Report on Form 10-K/A, any subsequent Form
10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss
some of the important risk factors that KBR has identified that may affect
the business, results of operations and financial condition. Except as
required by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.

For further information, please contact:

Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Marit Babin
Director, Global Communications&Government Relations
713-753-3800
Mediarelations@kbr.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire

HUG#1924435

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.