A S E A STAL A n n o u n c es C o r p o r a t e N a m e C h a n ge

ASEA STAL Inc. is the new corporate name of ASEA STALLAVAL, Inc. This name change is effective March 1 according to the company's president, P.R. Scordo, and is consistent with the name change made by its parent company in Sweden, ASEA STAL AB, (formerly STAL-LAVAL Turbin AB).

ASEA STAL Inc. remains a wholly owned subsidiary of ASEA STAL AB, Finspong, Sweden.

There has been no change in the business, management or ownership of the corporation.

The change of name has been made to emphasize an extended product line and new markets in cogeneration and alternative energy equipment. ASEA STAL manufactures and sells a complete line of steam, gas, hydro and wind turbines, large heat pumps and multi-bed combustion boilers for coal and solid fuels. The company also develops and finances turnkey energy projects.

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