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RJM Acquires Beaumont Environmental Systems

Major Expansion into Multi-Pollutant Emission Control Technologies

Norwalk, Conn. – December 10, 2002 – RJM Corporation is pleased to announce the acquisition of Beaumont Environmental Systems (BES). Based in Pittsburgh, PA, BES is an innovative supplier of advanced dry SO2 control systems and mercury and particulate removal technologies. BES designs and furnishes systems that include Fabric Filters, dry scrubbers and Semi- Dry Scrubbers along with the other necessary system components for emission control on fossil fueled boilers. BES was established in 1997 as a Division of Beaumont Birch (Pennsauken, NJ), which has provided material handling equipment and systems since 1908.

Making the announcement, Richard Monro, President & CEO of RJM Corporation stated, “The BES acquisition is an excellent fit with RJM’s existing portfolio of pollution reduction technologies. BES widens our technology base, increases our design capability and gives us a platform to extend our presence in the multi-pollutant emission control market. We have been looking to strengthen our position in this emerging market for some time and in BES we are pleased to have found a business with a culture similar to our own with whom we can expand and grow. The next generation products of BES will significantly broaden the range of emission control technologies we provide.”

John Halloran, Vice President, Combustion & Environmental Group said, “This acquisition brings an established and respected name to the RJM family and is a part of our strategy to strengthen our growing presence in the emissions control market. With the multi-pollutant legislation looking imminent, RJM is now uniquely poised as a one-stop destination for NOx, SO2, mercury and particulate removal solutions.”

The recently patented semi-dry FGD control system developed by BES known as the Rapid Absorption Process (RAP), is designed to achieve 90+% reduction. It consists of a reactor where lime sorbent-wetted recycle material is introduced into the flue gas stream where it rapidly reacts with the acid gases and is flash-dried. The resulting material is collected in a fabric filter and recycled back into the reactor without use of a cyclone collector and its inherent pressure-drop. The use of high recycle rates provide both high SO2 removal and sorbent utilization rates. The application of a pulse-jet fabric filter system to collect solids for recycle and discharge also provides for particulate control to meet the expected more stringent compliance standard. The RAP process was demonstrated in a project funded by Ohio Coal Development Office (OCDO) in three boilers firing 3% sulfur Ohio coal.

The “RAP” scrubber design provides a significant initial capital investment advantage (~one-third cost) when compared to a conventional wet limestone scrubber due to its smaller “footprint” and non-exotic materials of construction. It also eliminates spray equipment inside the reactor, which reduces maintenance due to buildup, erosion, etc. Overall, due to the reduced level of material-handling equipment and the lower volume of sorbent required in a lime-based system, the initial higher sorbent cost(lime vs. limestone) is levelized on a cost/ton of SO2 removed basis.

”The combined experience of our operation along with RJM’s project management and marketing capability opens the door to significant opportunities in the $30 billion multi-pollutant emissions control market. It will enable RJM to efficiently provide complete solutions to power producers worldwide," stated Willard Goss, Vice President, Operations, Beaumont Environmental Systems.

About RJM Corporation:

Since the company's inception in 1977, the RJM name has become synonymous with the "new thinking" behind innovative energy technologies. RJM's engineers lead the field, offering some of the most effective technologies available today for reducing NOx emissions from fossil fuel fired boilers. In 2002, RJM celebrates achieving compliance in over 50,000 MW of power generation capacity. The company also launched the RJM-LT^TM (layered technology) system that can achieve up to 90% NOx reduction without the use of an SCR. RJM’s ARIS^TM technology provides NOx removal systems for diesel, gas and dual fuel engines.

For More Information Contact:

Ravi Krishnan
Vice President, Marketing & Planning
RJM Corporation
501 Merritt Seven, Suite 21
Norwalk, CT 06851
203 846 8900 ext. 104
rkrishnan@rjm.com