Babcock & Wilcox Enterprises Inc.

04/22/2024 | Press release | Distributed by Public on 04/22/2024 04:35

Babcock & Wilcox Awarded Approximately $15 Million Contract to Supply Environmental Equipment for Middle East Industrial Plant

(AKRON, Ohio - April 22, 2024) - Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract for approximately $15 million to supply environmental equipment for an industrial facility in the Middle East.

"We are proud to have earned a reputation as a leading provider of environmental products, services and technologies for the global energy industry," said Jimmy Morgan, B&W Executive Vice President and Chief Operating Officer. "We continue to see significant demand for our environmental equipment across a wide scope of industries including for power generation, small and large industrial facilities, as well as the oil and gas, petroleum refining and petrochemical industries."

"This contract further demonstrates our extensive experience and expertise in the design, engineering, and manufacturing of high-performance environmental solutions for the global market," Morgan added.

B&W Environmental's broad suite of emissions control and environmental technology solutions include cooling systems, ash and material handling, chemical looping for carbon control, wastewater treatment, and state-of-the-art equipment for reducing particulate, mercury, nitrogen oxides, sulfur dioxides, acid gas and other emissions.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of a contract for the supply of environmental equipment for a facility in the Middle East. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.