HOUSTON, May 28, 2015 (GLOBE NEWSWIRE) -- 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. At KBR, we deliver.
Visit www.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
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