Founded in 1981, FPS is a Canadian company and a world leader in the design and manufacture of firing equipment and safety systems for the power generation, pulp and paper and petrochemical industries. With products installed in over 70 countries, FPS has proven experience in complete boiler gas conversions, providing gas burners and ignitors, flame scanners, natural gas piping design/fabrication, burner management systems, and combustion control systems. FPS is based in Dartmouth, Nova Scotia, Canada, and has engineering and sales offices in Edmonton, Alberta and Vancouver, BC, as well as many authorized sales distributors worldwide. Since 1987, FPS has maintained an exclusive marketing agreement with Babcock & Wilcox, for all ignition product sales and service in the U.S.

www.fps.com

Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and

www.babcock.com

Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that it has acquired Fossil Power Systems, Inc. (“FPS”), a leading designer and manufacturer of hydrogen, natural gas and renewable pulp and paper combustion equipment including ignitors, plant controls and safety systems based in Dartmouth, Nova Scotia, Canada. The transaction closed February 1, 2022.

Babcock & Wilcox Acquires Fps

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Babcock & Wilcox Acquires Fps

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