LANCASTER, Ohio--(BUSINESS WIRE)--March 4, 2002--Diamond Superior AB, Sollentuna, Sweden, a subsidiary of Diamond Power International Inc. (DPII), a leader in advanced boiler cleaning technology, has announced its 100 percent acquisition of LT-Produkter Skutskar AB, an automatic port rodder cleaning company in Skutskar, Sweden. The acquisition will reinforce Diamond's leadership position in the supply of boiler cleaning and diagnostic products for the pulp and paper recovery market. The terms of the purchase were not disclosed.

"This acquisition is a good one for Diamond Power because it adds to our extensive boiler cleaning product and service lines," said Hans-Erik Mattsson, managing director of Diamond Power Specialty Ltd. "It also will open significant new growth opportunities and provide us with an even stronger presence in the pulp and paper recovery market."

LT-Produkter Skutskar AB, located approximately 15 kilometers (9.3 miles) from Gavle, Sweden, has been and will continue to manufacture its port rodder product called (a)Rodding Robot(R), at its Skutskar facility. The product automates air port cleaning in black liquor recovery boilers to increase steam production and reduce emissions. The inventor of Rodding Robot, Tore Eriksson, founded LT-Produkter Skutskar AB in 1985. The product has a dominant installed base in Scandinavia and has been installed throughout Europe, in Asia, North America and Australia.

Currently, DPII maintains more than 80 field sales, service support, distribution and manufacturing locations worldwide, including affiliated operations in Australia, Brazil, Canada, China, Finland, Germany, Scotland, South Africa, Sweden, and Thailand, with a total employment of more than 1,300 worldwide. Diamond Power International Inc. supplies numerous markets including the pulp and paper, utility, industrial, and refinery industries.

Diamond Power International Inc. is a McDermott company (NYSE:MDR). McDermott International Inc. is a leading worldwide energy services company. Diamond Power International Inc. affiliated companies and divisions also include Diamond Power Specialty Company in Lancaster, Ohio, and Diamond Power Specialty Ltd. in Dumbarton, Scotland, leaders in advanced boiler cleaning technology, Diamond Electronics in Lancaster, Ohio, a supplier of specialized closed-circuit television and computer-based systems and Allen-Sherman-Hoff in Malvern, Pa., a supplier of power plant ash handling systems.

Editors note: Diamond Power International Inc. news releases and additional information is located on the Internet at www.diamondpower.com

(a) Rodding Robot is a registered trademark of Diamond Power

International Inc. in the United States and Canada.