Enhanced Investments - Financial Portal

B&W Subsidiary to Supply Sootblowers for Power Plants in Asia

Published: 2019-12-27 11:45:00 ET

BARBERTON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc.’s (NYSE: BW) (B&W) Scotland-based subsidiary, Diamond Power Specialty Limited (DPSL), has been awarded two contracts to supply sootblowers and furnace cleaning systems for two coal-fired power plants under construction in Asia. The combined value of these contracts is more than $4 million.

DPSL will design and supply HydroJet® intelligent furnace cleaning systems and sootblower systems for four boilers. The equipment is scheduled for delivery to the facilities in 2021 and 2022.

“Diamond Power® boiler cleaning systems are known worldwide as the most advanced and dependable technologies in the industry,” said B&W Chief Executive Officer Kenny Young. “Whether for new-build coal plants like these important projects in Asia, or as replacements and upgrades to existing plants, our Diamond Power subsidiary can supply cost-effective and high-performing boiler cleaning and ash-handling technologies.”

Diamond Power boiler cleaning systems are available in steam/air, high pressure water, and dual-media air heater cleaning configurations. The company’s specialized designs and configurations meet customer needs for precision, reliability and efficiency.

About B&W

Headquartered in Barberton, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.

About Diamond Power Specialty Limited

Based in Dumbarton, Scotland, DPSL is a subsidiary of Babcock & Wilcox Enterprises, Inc. DPSL engineers and manufactures boiler cleaning, ash-handling and associated equipment.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191227005041/en/

Investor Contact: Megan Wilson Vice President, Corporate Development & Investor Relations Babcock & Wilcox 704.625.4944 | investors@babcock.com

Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 | rscornell@babcock.com

Source: Babcock & Wilcox Enterprises, Inc.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.