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Pratt & Whitney Rocketdyne and Zero Emission Energy Plants, Inc. Sign Gasification Licensing Agreement

December 9, 2008

CANOGA PARK, Calif., Dec. 9 /PRNewswire/ — Pratt & Whitney Rocketdyne
(PWR) has signed a global licensing agreement that grants Zero Emission Energy
Plants, Inc. (ZEEP) the right to construct and operate gasification plants
throughout the world using PWR’s compact gasification technology. The
widespread use and availability of PWR’s technology could decrease energy
costs, enhance energy security, and reduce greenhouse gas emissions. Pratt &
Whitney Rocketdyne is a United Technologies Corp. (NYSE: UTX) company.

Under this agreement, ZEEP will work closely with PWR to develop and
operate gasification plants around the world, including a future
commercial-scale demonstration plant. ZEEP is currently evaluating sites in
China, Canada, the United States and Australia for that plant.

“We’re excited to see our gasification technology taking this crucial step
toward the marketplace so we can help lower energy costs, provide cleaner
alternative fuels and improve energy security,” said Jim Maser, president,
Pratt & Whitney Rocketdyne. “ZEEP brings expertise in the oil and natural gas
industry and an innovative business plan. That, coupled with our experience in
gasification and technology development, makes this an ideal relationship.”

Gasification converts carbon-containing material such as coal, petroleum
coke, and biomass into synthesis gas (syngas), which can be used to produce
electricity or further processed to manufacture chemicals, fertilizers,
transportation fuels, substitute natural gas or hydrogen. The PWR gasifier is
about one-tenth the size of competing systems, and offers the potential to be
more efficient, reliable and affordable. It is also expected to reduce the
cost of carbon dioxide capture and sequestration.

“We chose to collaborate with ZEEP as our first launch customer because of
their unique business model and experience leveraging new technologies into
profitable businesses,” said Jim Hartung, Energy Systems director, PWR. “We
are pleased to team with ZEEP to commercialize our compact gasification
technology.”

Pratt & Whitney Rocketdyne, Inc., a part of Pratt & Whitney, is a
preferred provider of high-value propulsion, power, energy and innovative
system solutions used in a wide variety of government and commercial
applications, including the main engines for the space shuttle, Atlas and
Delta launch vehicles, missile defense systems and advanced hypersonic
engines.

Pratt & Whitney is a world leader in the design, manufacture and service
of aircraft engines, space propulsion systems and industrial gas turbines.
United Technologies, based in Hartford, Conn., is a diversified company
providing high technology products and services to the global aerospace and
building industries.

    Bryan Kidder                    Carri Karuhn
    Pratt & Whitney Rocketdyne      Pratt & Whitney Rocketdyne
    818 586-2213                    818 586-4963
    bryan.kidder@pwr.utc.com        carri.karuhn@pwr.utc.com

SOURCE Pratt & Whitney Rocketdyne, Inc.


Source: newswire



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