Babcock Power Names Michael D. LeClair as President and CEO

June 22, 2009

Danvers, MA – Babcock Power Inc. (BPI), based in Danvers, MA, announced today that Michael D. LeClair has been selected by the company’s Board of Directors to serve as the new President and Chief Executive Officer of Babcock Power Inc., effective June 22, 2009. He succeeds Jim Wood, who after seven years leading Babcock Power as President and CEO, and more than 40 years in the power industry, will retire from his current responsibilities.

Through Jim’s diligent efforts, BPI has achieved year on year double digit growth and has grown to approximately a billion dollars in sales. Jim provided the guidance to re-capitalize the company in 2002 and brought together the personnel and skills necessary to build BPI into a major competitor in the global power market. As such, we are pleased that Jim will continue as a BPI Board member and we look forward to his continued contributions and counsel.

Mr. LeClair has been with BPI since its founding and been an integral part of the executive management team. Mike started with Vogt Power in 1999 as VP of Engineering, was promoted to COO of Vogt in 2002 and for the past three years has held the position of its President and CEO. Mike has more than twenty-three years of experience in the power industry holding a variety of positions with Combustion Engineering/ABB, Tampella/Steinmüller and Kvaerner.

“In just three years, Mike and his team have transformed Vogt Power from a small business segment to one of BPI’s largest and best performing, with record results, and under Mike’s leadership we look forward to the continued growth and success of Babcock Power,” commented Jim Wood.

Babcock Power Inc., www.babcockpower.com, through its subsidiaries, is one of the world’s leading suppliers of technology, equipment, and services to the power generation industry. Babcock Power subsidiary companies include; Vogt Power International Inc. (Louisville, KY), Thermal Engineering International (USA) Inc. (Santa Fe Springs, CA), Babcock Power Environmental Inc., Riley Power Inc. and Babcock Power Services Inc. (Worcester, MA), Boiler Tube Company of America (Lyman, SC), and TEi Construction Services, Inc. (Duncan, SC).