KBR and Southern Company Subsidiary Announce TRIG™ Cooperation Agreement

  KBR and Southern Company Subsidiary Announce TRIG™ Cooperation Agreement

      Collaboration to utilize respective strengths of each organization

Business Wire

HOUSTON -- October 29, 2012

KBR (NYSE:KBR) and Southern Company subsidiary, Southern Generation
Technologies, today announced a cooperation agreement through which both
organizations will collaborate in an effort to expand the global adoption of
Transport Integrated Gasification – or TRIG™ – technology.

Under the terms of this agreement, KBR will lead the sale and delivery of all
TRIG™ licenses worldwide, including those for power applications. KBR will
provide sales, delivery and project management capabilities, and KBR’s
Technology Business Unit will be supported in the power market by its Power
Business Unit for the delivery of services. Southern Company’s subsidiary will
provide operating and engineering expertise, along with ongoing research and
development and technical support.

“This new collaboration between KBR and Southern Company will utilize the
respective strengths of each organization to deploy commercial TRIG™ licensed
processes worldwide and accelerate the adoption of TRIG™ in the marketplace,”
said Bill Utt, KBR Chairman, President & CEO. “Expanding the licensing rights
of the technology to encompass power projects now positions KBR into a larger
market. This agreement expands KBR’s Technology Business Unit portfolio and is
consistent with KBR’s strategy to grow its technology business consistent with
the needs of the market.”

TRIG™ technology was jointly developed by KBR and Southern Company with the
support of the U.S. Department of Energy. KBR is presently a technology
licensor of TRIG™ processes for industrial applications and demonstrates
particular strengths in the global sale, marketing, packaging and delivery of
technology licenses. Southern Company subsidiary, Southern Generation
Technologies, is a technology licensor of TRIG™ for the power industry and
specializes in the development, design, deployment and operation of this
technology.

“Southern Company is an industry leader in energy innovation,” said Southern
Company Chairman, President and CEO Thomas A. Fanning. “Through our continued
collaboration with KBR, we are developing and making available real solutions
to generate clean, safe, reliable and affordable power – across America and
around the world.”

With 4.4 million customers and more than 43,000 megawatts of generating
capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy
company serving the Southeast. A leading U.S. producer of electricity,
Southern Company owns electric utilities in four states and a growing
competitive generation company, as well as fiber optics and wireless
communications.Southern Company brands are known for excellent customer
service, high reliability and retail electric prices below the national
average.Southern Company also is continually ranked among the top utilities
in Fortune's annual World's Most Admired Electric and Gas rankings. Visit our
website at www.southerncompany.com.

KBR is a global engineering, construction and services company supporting the
energy, hydrocarbon, government services, minerals, civil infrastructure,
power, industrial, and commercial markets.For more information, visit
www.kbr.com.

Contact:

KBR
Zac Nagle, 713-753-3625
Vice President,
Investor Relations and Communications
Investors@kbr.com
or
Marianne Gooch
Director, Corporate Communications
Media Relations Hotline: 713-753-3800
Mediarelations@kbr.com
 
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