B&W and Chem-Mod Sign Environmental Technology License Agreement

January 22, 2014

​(CHARLOTTE, N.C. – January 22, 2013) – The Babcock & Wilcox Company (B&W) NYSE :BWC) announced today that its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary and Chem-Mod LLC (Chem-Mod) have signed a ten-year U.S. license agreement allowing Chem-Mod to use B&W PGG’s Mitagent™ combustion additive.

Chem-Mod will use Mitagent in conjunction with its patented coal additive technologies, The Chem-Mod™ Solution, for the reduction of nitrogen oxides (NOx), mercury (Hg) and other emissions created during the combustion process. The use of Mitagent is expected to improve the performance of Chem-Mod’s signature coal additive technologies in addition to providing benefits for SCR systems.

“We’re pleased to have an opportunity to work with an outstanding company such as Chem-Mod to deliver advanced environmental solutions to its customers,” said B&W PGG President and Chief Operating Officer J. Randall Data. “B&W PGG’s Mitagent technology, used with The Chem-Mod Solution, offers utilities and industry a powerful option to improve the environmental performance of their plants and comply with stringent emissions regulations.”

”We are happy to be working together with an organization such as B&W PGG,” said Chem-Mod President Sally Wasikowski. “We believe the improvements that result from adding B&W PGG’s Mitigent additive will significantly improve the potential for Chem-Mod’s technology.”

B&W PGG’s technical support team also will provide Chem-Mod with assistance in the deployment of Mitagent technology.

About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com.

About Chem-Mod
Headquartered in Itasca, Ill., Chem-Mod possesses the exclusive marketing rights in the U.S. and Canada for technologies (The Chem-Mod™ Solution) used to reduce emissions created during the combustion of coal. Chem-Mod has over 45 licensee and sub-licensees which currently process approximately 100 million tons of coal a year at more than 50 locations.

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Media Contact:
Ryan Cornell
Public Relations Specialist
The Babcock & Wilcox Company
330.860.1345
rscornell@babcock.com

Investor Contact:
Jenny Apker
Vice President, Treasurer and Investor Relations
The Babcock & Wilcox Company
704.625.4937
investors@babcock.com

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