For Immediate Release

Powerspan Testifies at Senate Field Hearing on
Innovative Environmental Technology

New Durham, N.H., May 30, 2001—Frank R. Alix, chairman and CEO of Powerspan Corp., testified before U. S. Senator Bob Smith today at a Senate Field Hearing on innovative environmental technologies. Smith, chairman of the Environment and Public Works Committee, held the hearing to highlight recent advances in energy technologies that may be affected by federal legislation.

Alix testified on Powerspan's Electro-Catalytic Oxidation^TM technology, a multi-pollutant control process that reduces sulfur dioxide, nitrogen oxides, mercury, and fine particulate matter emissions from coal-fired power plants. In addition, Alix addressed the important role that innovative technology can play in further enhancing the environment.

"I believe that increasing our energy supply, and at the same time, improving our environment is not only possible but also imperative for the future well-being of our society," Alix said. "Given time and the right regulatory framework, the technology community will find an economical way to achieve the desired environmental benefits."

Powerspan's technology was referenced in the President's National Energy Policy released on May 17. In highlighting clean coal technologies, the document referenced pilot testing of a state-of-the-art technology at a FirstEnergy Corp. plant that demonstrated reductions in nitrogen oxides, sulfur dioxide, total particulate matter, and mercury.

Powerspan is an emerging energy technology company located in New Durham, N.H. For more information, please visit the Company's website, www.powerspancorp.com. Click on the link below for complete text of the testimony.

Senate EPW Testimony

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Powerspan Corp.
Contact: Stephanie Procopis
Director of Marketing
Phone: 603-859-2500, ext. 20
E-mail: sprocopis@powerspancorp.com