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Dresser-Rand agrees to exclusive liecnse to Expansion Energy's technology

Dresser-Rand announced that it has entered into an important definitive agreement with Tarrytown, New York based Expansion Energy LLC. Under the agreement, Dresser-Rand is granted a worldwide exclusive license to Expansion Energy's proprietary VX Cycle technology for the small-scale production of Liquefied Natural Gas. The company presently believes that the market for this technology will be in the range of $100M-$200M within just the next 2 to 3 years, and will continue to grow robustly beyond that.