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Scott Process Systems, Inc. Completes Three Year ASME Recertification

HARTVILLE, Ohio, Feb. 24 /PRNewswire/ -- Scott Process Systems, Inc. (SPSI or the Company), today announced that it has successfully completed the recertification of its full slate of American Society of Mechanical Engineers (ASME) code stamps, including S - Power Boiler, PP - Power Piping Systems, U - Unfired Pressure Vessels, N - Nuclear Components, NPT - Nuclear Piping Systems (with and without design) and NS - Nuclear Supports (with and without design authority). The successful ASME recertification will continue through January 2012.

Scott Process Systems, Inc. is a privately held fabricator of process, power and nuclear piping systems used primarily in the domestic and international power generation industry. Founded in 1983 inHartville, Ohio, the Company has grown into one of the global leaders in pipe fabrication for the power generation industry and provides solutions both in the shop fabrication and design of piping systems as well as field fabrication and erection services. While the Company has seen significant growth in the power generation industry, the Company also has significant expertise in pipe fabrication in various industries including waste water treatment, chemical and petroleum processing applications. SPSI's expertise also includes NBIC (National Board Inspection Code) R - Repair certification and experience in fabricating components under the European Pressure Equipment Directive (PED).

Scott Mitchell, President and Chief Executive Officer stated, "We are extremely pleased to complete our ASME recertification process. The ASME certification is a foundation and standard of excellence that we have taken very seriously over the years. In addition, for six years, we have had our nuclear Certificates of Authorization which allow us to apply the N, NPT and NS stamps. Our recertification demonstrates our continued commitment to excellence and to the future as we prepare for the next evolution of power generation growth."

Mr. Mitchell continued, "We expect that coal and gas combined cycle power generation will continue to be a very important part of our infrastructure growth inthe United States and abroad. We have developed a recognized expertise for these industries and our nuclear work even furthers the value, expertise and level of quality we bring to these projects and customers. We also believe that nuclear power will be an increasing part of the power generation solution forthe United States and other countries in coming years."

Jerry Stethem, Executive Vice President and Chief Operating Officer added, "We continue to experience significant and robust growth in our traditional lines of business. Backlog remains strong and we believe this is attributed to the outstanding reputation of quality and expertise in our pipe fabrication operations. The ASME nuclear certifications are the gold standard and without a doubt have raised the quality and precision of our entire operations. We see the preparation and resources put into our traditional and nuclear certifications as an important step as we prepare for continued growth in coal, gas and nuclear power generation pipe fabrication demands."

Located in four manufacturing and administrative facilities inHartville, Ohio, SPSI maintains the most comprehensive slate of ASME fabrication certifications of any pipe fabrication company inthe United States, including the most comprehensive list of nuclear certifications of any pipe fabricator. The Company's nuclear certification applies to its main production facility inHartville, Ohio. Ron Genovese, Vice President of Sales and Marketing added, "Our growth and expertise in coal and gas power generation and our N stamp nuclear certifications have given us continued options to help better serve our customers. In addition to the rigorous quality standards, we are poised to grow into a new facility which will allow theHartville, Ohio facility to be one of a very few nuclear only fabrication facilities inthe United States. In addition to the local economy, having a fully certified nuclear pipe fabrication production facility located inOhio is good for our customers and our State economy as well. We are well positioned for continued growth."

Safe Harbor and Caution on Forward Looking Statements

Certain statements in this release may constitute forward looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Any statement that is not historical in fact may be deemed forward looking including words such as anticipate, estimate, expect, project, intend, plan, believe, and other words in connection with any discussion of future operations or financial performance. These forward looking statements are based on information currently available to Management and are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and are beyond the control of the Company. Important factors that could and would cause actual results to differ materially from those suggested in the forward looking statements, and that could adversely affect the Company's future performance include but are not limited to the following: changes in the Company's markets and the economic climate in which the Company operates, changes in trends and demand for electricity and the resulting change in demand for power generation facilities, both existing base load and future production expansion, unanticipated downturns in business, changes in relationships with customers or their purchasing activity, changes in the financial and liquidity markets, competitive pressures on sales or pricing, raw material availability and pricing, changes in worldwide and domestic business, economic and political conditions, the Company's ability to execute its strategic plans, and other risks not mentioned that may or may not be known to the Company at this time. Management does not undertake any obligation to update or publicly revise any forward looking statements to reflect new events, information or circumstances.

SOURCE Scott Process Systems, Inc.