MHPS and PWPS Join Forces to Form Turbomachinery Powerhouse

Integration of American Operations Enables Cost and Capability
Synergies

LAKE MARY, Fla.–(BUSINESS WIRE)–Mitsubishi Hitachi Power Systems (MHPS) today announced the integration
of PW Power Systems (PWPS) within Mitsubishi Power Systems Americas
(MHPS Americas).

MHPS Americas CEO Paul Browning said, “Integrating PWPS into MHPS
Americas broadens our product portfolio and allows us to realize
synergies between our various manufacturing and service centers in the
United States, while also leveraging the global sales and service
capabilities of MHPS and PWPS. We’re also excited to leverage PWPS’s gas
turbine power plant turnkey capabilities and their industrial gas
turbine parts and repair capabilities.”

Originally acquired by MHI in 2013, PWPS has been functioning as a
stand-alone MHPS subsidiary prior to this announcement.

PWPS Capabilities

Headquartered in Glastonbury, Conn., PWPS is a world leader in the
supply of energy solutions for the power generation industry and
provides an array of products and services including gas turbine
packages, aftermarket services, and engineering, procurement, and
construction services. An added product advantage offered by PWPS is the
FT8® MOBILEPAC® gas turbine package, which is deployed rapidly and
delivers 30 megawatts of movable power to areas in need in times of
crisis.

“Our team at PWPS will benefit from full integration with another global
turbomachinery OEM with industry-leading Dry Low NOx combustion
technology, a significant American manufacturing footprint, and global
sales and service networks,” said Raul Pereda, PWPS President and CEO.
“PWPS customers around the world can expect a seamless transition, and
can look forward to enhancements to the industry-leading products and
services they’ve experienced from us in the past.”

About PW Power Systems

PW Power Systems, formerly Pratt & Whitney Power Systems, was acquired
by Mitsubishi Heavy Industries, Ltd., in May 2013 and changed its name
to PW Power Systems, Inc. (PWPS). Transitioned to MHPS in August 2017,
PWPS has exclusive access to Pratt & Whitney® advanced technology,
future development rights to Pratt & Whitney® aero-engines, as well as
ongoing engineering and aero-engine production.

PWPS has over 2,000 gas turbine units installed worldwide and has
designed and built over 300 turnkey systems. PWPS offers both simple and
combined-cycle units that have accumulated over 19 million operating
hours. The PWPS product line includes aero-derivative gas turbines from
30-140 MW including the FT8® MOBILEPAC® or FT8® and
FT4000® SWIFTPAC® package configurations, as well as Aftermarket
Services and Engineering, Procurement, and Construction (EPC) of turnkey
systems. For more information, go to www.pwps.com.

About Mitsubishi Hitachi Power Systems Americas Inc.

Headquartered in Lake Mary, FL, MHPS Americas employs more than 2,000
people who design, build, install, monitor and service aero-derivative
and heavy-duty natural gas, steam and geothermal turbines, generators,
and environmental control systems throughout North and South America.
MHPS Americas also collaborates with customers to deploy artificial
intelligence and low carbon technologies to take the cost and carbon out
of the electric power value chain. MHPS Americas is a subsidiary of
Mitsubishi Hitachi Power Systems, a joint venture between Mitsubishi
Heavy Industries, Ltd. and Hitachi, Ltd. PW Power Systems (PWPS) and
Mechanical Dynamics & Analysis (MD&A) are wholly owned subsidiaries of
MHPS Americas.

Learn more about the Revolutionary Energy of MHPS Americas by visiting www.changeinpower.com.

MHPS is a subsidiary of Mitsubishi Heavy Industries headquartered in
Tokyo, Japan. (7011:JP)

Contacts

Mitsubishi Hitachi Power Systems
Media Contact:
David
Rosenberg, +1-407-562-0563
[email protected]
or
Customer
Contact:
Harsh Shah, +1-860-368-5915
[email protected]