Dresser-Rand Invests in Echogen Power Systems

Dresser-Rand Group Inc. DRC announced today that Dresser-Rand Company has entered into a definitive agreement with Echogen Power Systems of Akron, Ohio under which Dresser-Rand will acquire a minority interest in Echogen as well as certain license and exclusive market rights to Echogen's technologies and intellectual property. Dresser-Rand's investment will be used to advance Echogen's technology development, including the design and construction of waste heat recovery systems utilizing turbo-expanders provided by Dresser-Rand.