StarHeart.US/Turbos.html

Allied Signal
WESTERN AND ROCKY MOUNTAIN STATES
Alaska, Arizona, California, Colorado, Hawaii, Idaho, Kansas,
Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming.

1.888.638.3637
1.213.312.3500

New Energy Ventures is America's largest energy service provider, offering integrated energy solutions that promote savings through a full range of value-added products and services that optimize efficiency and maximize profitability. New Energy Ventures' custom-tailored products and services include competitive electricity, cutting-edge information technology, energy services, and site generation.

Formed in 1995 to serve customers in every state where a competitive energy market is emerging, this rapidly growing technology-based energy company is active today throughout the Northeast, Midwest, Mid-Atlantic, Southwest, and Western regions in the United States. Its services include energy buying for its customers, energy efficiency services, site generation, and low-cost supply of energy-related equipment and supplies. With headquarters in Los Angeles, it has regional offices in Austin, Boston, Chicago, New York, Philadelphia, Phoenix, Tucson, and the San Francisco Bay area.
......................................................................................................

http://www.alliedsignal.com/turbogen

AlliedSignal FM&T employs about 3,000 people in Kansas City and approximately 300 at its facilities in
Albuquerque and Los Alamos, New Mexico.

70,400 employees in 40 countries.

AlliedSignal Power Systems To Locate
TurboGenerator Business In Albuquerque Area

Contacts:
Jana Rabenowitz
Tel: (310) 512-2777
Cell Phone (5/26): (310) 849-6926

ALBUQUERQUE, New Mexico, May 26, 1998 - AlliedSignal Power Systems, a subsidiary of AlliedSignal Inc. (NYSE:ALD), announced today that it has selected the greater Albuquerque area for the site of its business headquarters and North American assembly plant for TurboGenerator™ Power Systems.

"Today marks an important milestone for our business, bringing us one step closer to our new product launch," said Tony Prophet, President and CEO of AlliedSignal Power Systems. "By the end of this year, we will begin production of our TurboGenerator™ power system - a revolutionary product that will allow small businesses and institutions to generate power right on site - cleanly, safely, quietly and economically."

The TurboGenerator™ power system is a compact power source, no larger than an industrial air conditioner, that allows businesses to generate their own power right at the point of use. The system literally plugs into a business's electric box, and can provide all of its power, some of its power or serve as back-up power in the event of a power outage. Ultimately, the TurboGenerator™ can minimize a business's risk of power outages, improve power quality and reduce energy bills.

The system is ideal for a variety of businesses and institutions, including convenience stores, supermarkets, fast food restaurants, small office buildings and small factories. Any business with electricity demands between 75 kilowatts and one megawatt of power can benefit from the 75 kW TurboGenerator™ power system. Businesses that require more than 75 kW of power may simply combine multiple units to deliver up to one megawatt of power. For businesses and industries in rural areas, the TurboGenerator™ is particularly useful. Since it delivers power right at the point of use, the typical problems associated with transmission and distribution wires are non-existent.

AlliedSignal will apply for an industrial revenue bond to finance the purchase of the former Levi Strauss manufacturing plant. If the bond is issued, the company expects to start production at this site later this year. "We are still assessing our options and are considering the former Levi Strauss site in northern Albuquerque, but we are also investigating other sites within the greater Albuquerque area," said Bob Walton, Director of Manufacturing Planning.

"It is important for us to be headquartered in a city that is committed to business growth and dedicated to the development of new technologies," said Prophet. "We believe we have found both in the Albuquerque area."

AlliedSignal Power Systems estimates that year 2000 revenues will exceed $150 million. While commercial production of the TurboGenerator™ power system is not scheduled to begin until later this year, almost all of the company's 1999 production has been pre-sold.

AlliedSignal Power Systems is committed to developing the world's finest power generation systems for use in businesses, institutions and transportation. AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. AlliedSignal Inc. is based in Morristown, New Jersey.