Dresser-Rand Assured of Access to Rolls-Royce Gas Turbines

          Dresser-Rand Assured of Access to Rolls-Royce Gas Turbines

PR Newswire

HOUSTON, May 7, 2014

HOUSTON, May 7, 2014 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand"
or the "Company") (NYSE: DRC), a global supplier of rotating equipment and
aftermarket parts and services, commented upon the recent announcement that
Rolls-Royce signed an agreement to sell its Energy gas turbine and compressor
business to Siemens. Dresser-Rand has worked closely with Rolls-Royce Energy
for well over 30 years and has been very successful in supplying compressors
for the upstream and midstream market applications. In the last few years,
Dresser-Rand has also succeeded in penetrating the Liquefied Natural Gas (LNG)
/ Floating LNG (FLNG) market.

Vincent R. Volpe Jr., President and Chief Executive Officer of Dresser-Rand,
said, "We are pleased to report that we have been contacted by Rolls-Royce
senior management and have been assured that both Rolls-Royce and Siemens are
committed to supporting their clients and that Dresser-Rand will continue to
have access to the Rolls-Royce aero-derivative gas turbines." He added,
"Dresser-Rand and Rolls-Royce have a long history of working together around
the world. For example, all the mechanical drive applications for Rolls-Royce
largest aero-derivative gas turbine, the Trent ™, are currently driving
Dresser-Rand DATUM^® compressors. Further, Dresser-Rand has recently been
successful in being selected for two large FLNG projects using the Trent gas
turbine as a driver for our DATUM^® liquefaction compressors, demonstrating
the value that Dresser-Rand brings to our clients in oil and gas markets.

"We believe this assurance preserves Dresser-Rand's unique position because
the Company will continue to provide a choice of gas turbine drivers to our
clients to meet their specific compression requirements."

Trent is a registered trademark of Rolls-Royce plc Corporation.

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to
the worldwide oil, gas, petrochemical, and process industries. The Company
operates manufacturing facilities in the United States, France, United
Kingdom, Spain, Germany, Norway, India, and Brazil, and maintains a network of
49 service and support centers (including 6 engineering and R&D centers)
covering more than 150 countries.

This news release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, the Company's plans, objectives,
goals, strategies, future events, future bookings, revenues, or performance,
capital expenditures, financing needs, plans, or intentions relating to
acquisitions, business trends, executive compensation, and other information
that is not historical information. The words "anticipates", "believes",
"expects", "intends", "appears", "outlook," and similar expressions identify
such forward-looking statements. Although the Company believes that such
statements are based on reasonable assumptions, these forward-looking
statements are subject to numerous factors, risks, and uncertainties that
could cause actual outcomes and results to be materially different from those
projected. These factors, risks, and uncertainties include, among others, the
following: economic or industry downturns; the variability of bookings due to
volatile market conditions, subjectivity clients exercise in placing orders,
and timing of large orders; volatility and disruption of the credit markets;
its inability to generate cash and access capital on reasonable terms and
conditions; its inability to implement its business strategy; its ability to
comply with local content requirements; delivery delays by third party
suppliers; cost overruns and fixed-price contracts; its ability to implement
potential tax strategies; competition in its markets; failure to complete or
achieve the expected benefits from any acquisitions, joint ventures or
strategic investments; economic, political, currency and other risks
associated with international sales and operations; fluctuations in currencies
and volatility in exchange rates; loss of senior management; environmental
compliance costs and liabilities; failure to maintain safety performance
acceptable to its clients; failure to negotiate new collective bargaining
agreements; a failure or breach of our information system security; unexpected
product claims and regulations; infringement on its intellectual property or
infringement on others' intellectual property; its pension expenses and
funding requirements; difficulty in implementing an information management
system; and the Company's brand name may be confused with others. These and
other risks are discussed in detail in the Company's filings with the
Securities and Exchange Commission at www.sec.gov. Actual results,
performance, or achievements could differ materially from those expressed in,
or implied by, the forward-looking statements. The Company can give no
assurances that any of the events anticipated by the forward-looking
statements will occur or, if any of them does, what impact they will have on
results of operations and financial condition. The Company undertakes no
obligation to update or revise forward-looking statements, which may be made
to reflect events or circumstances that arise after the date made or to
reflect the occurrence of unanticipated events, except as required by
applicable law. For information about Dresser-Rand, go to its website at
www.dresser-rand.com.

DRC-FIN

SOURCE Dresser-Rand Group Inc.

Website: http://www.dresser-rand.com
Contact: Blaise Derrico, Vice-President Investor Relations, +1-713-973-5497
 
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