Pratt & Whitney Power Systems Agrees to Purchase Majority Interest in Turboden S.r.l.

Pratt & Whitney Power Systems Agrees to Purchase Majority Interest in Turboden
S.r.l.

EAST HARTFORD, Conn., June 29 /PRNewswire-FirstCall/ -- Pratt & Whitney Power
Systems has agreed to purchase a majority interest in Turboden S.r.l.
(Turboden), an Italian manufacturer of high efficiency turbogenerator systems.
Terms of the transaction were not disclosed. Pratt & Whitney is a United
Technologies Corp. (NYSE: UTX) company.

Based in Brescia, Turboden designs and produces Organic Rankine Cycle (ORC)
systems including turbines and turn-key turbogenerator units for distributed
power generation in biomass, geothermal, solar and industrial heat recovery
applications. The agreement with Turboden is an important extension of Pratt
& Whitney Power Systems' presence in renewable power generation through its
PureCycle(R) product line.

"The Turboden partnership complements Pratt & Whitney Power System's PureCycle
offering and expands its product portfolio into high temperature and higher
power applications," said Peter Christman, president, Pratt & Whitney Power
Systems. "It reflects UTC's commitment to energy efficiency and adds to a
growing renewable energy portfolio with enhanced technical capabilities and
geographic footprint."

"For almost 30 years, Turboden has developed efficient, environmentally
friendly turbogenerators for renewable energy generation throughout Europe.
Now the challenge is worldwide," said Mario Gaia, president of Turboden "We
are excited about our new partnership with Pratt & Whitney and look forward to
working with them on this next phase of Turboden's growth."

Pratt & Whitney is a world leader in the design, manufacture and service of
aircraft engines, space propulsion systems and industrial gas turbines. United
Technologies, based in Hartford, Conn., is a diversified company providing
high technology products and services to the global aerospace and commercial
building industries.

Elliot Okrent Alessandra Costa
Pratt & Whitney Turboden
+1-860-565-9600 +39.030.3552.320
elliot.okrent@pw.utc.com alessandra.costa@turboden.it

SOURCE Pratt & Whitney

Elliot Okrent of Pratt & Whitney, +1-860-565-9600, elliot.okrent@pw.utc.com;
or Alessandra Costa of Turboden, +39-030-3552-320,
alessandra.costa@turboden.it