Shaw announces investment in Blue Water Technologies Inc.

Sponsored by

BATON ROUGE, LA, May 21, 2007 -- The Shaw Group Inc. (NYSE:SGR) announced that it has made an equity investment in Blue Water Technologies Inc., a privately held company based in Coeur d' Alene, Idaho.

Blue Water's core business is new water treatment technology, the tertiary treatment of industrial and municipal wastewater to reduce phosphorus and other contaminants to extremely low levels. The company utilizes a proprietary process developed at the University of Idaho which is licensed exclusively to Blue Water. Extensive testing through pilot studies and full-scale deployment have consistently yielded 99%+ removal rates and have been accomplished with dramatically lower capital costs than other traditional methods.

Blue Water is an emerging leader in the wastewater treatment sector offering sustainable, environmentally friendly processes. In addition to the equity investment, the two companies agreed to collaborate on future engineering, design and construction projects. Additionally, this alliance between Shaw and Blue Water will offer entire plant retrofits for the municipal and industrial wastewater treatment markets.

"We are not only making an investment in Blue Water, but we also intend to align a variety of other Shaw technologies to create distinct technological and competitive advantages in the marketplace," said Ron Oakley, President of Shaw Environmental & Infrastructure ("Shaw E&I"). "This investment brings in a key piece of the water management platform Shaw E&I is actively developing."

The Shaw Group Inc. is a leading global provider of engineering, procurement, construction, technology, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure, and emergency response markets. A Fortune 500 company with nearly $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, Louisiana and employs approximately 21,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region.

###

Sponsored by

TODAY'S HEADLINES

CSSD expands performance standard to address treatment of shale wastewater

The Center for Sustainable Shale Development announced that it has expanded its wastewater Performance Standard 1 to address the treatment of shale wastewater at permitted facilities.

Water Council announces Round III of The Brew accelerator program

The BREW, a first-of-its-kind place-based global seed accelerator for water technology startups led by The Water Council, has announced that it is launching Round III of the program.  

Siemens to supply turbines for MI combined-cycled power plant project

Siemens has announced that it is supplying two gas turbines and one steam turbine for the Holland Energy Park combined-cycle power plant, to be constructed in the city of Holland, Mich.

CA city deploys smart water software for improved decision support, capital planning

In an effort to prioritize main replacement, coordinate outage response, pinpoint capacity deficiencies, and identify optimal flushing locations in the city of Santa Ana, Calif., the Santa Ana Public Works Agency is adopting Sedaru smart water enterprise software from IDModeling, Inc.

FOLLOW US ON SOCIAL MEDIA