ThermoEnergy Corporation Awarded a Multi Million Dollar Water Project by URS

LITTLE ROCK, Ark., Dec. 16 /PRNewswire-FirstCall/ — ThermoEnergy
Corporation (OTC Bulletin Board: TMEN) an integrated technologies company
engaged in the worldwide commercialization of patented and/or proprietary
municipal and industrial wastewater treatment and power generation
technologies, today announced that URS Corporation (NYSE: URS) has awarded
ThermoEnergy’s CASTion subsidiary a multi million contract. URS Corporation is
a leading international engineering and construction company and a top 100
Department of Defense Contractors with a market cap of over $3 Billion.

URS announced that CASTion has been selected to be the provider of a
critical system for the treatment of raw water production for the US strategic
base Camp Lemioner in DjiboutiAfrica. CASTion was selected for its
outstanding quality and knowledge of water treatment through a competitive
selection process. CASTion was determined to have the optimum solution to the
water production needs of this vital anti-terrorism base for the next 15
years.

“This is an important contract award for ThermoEnergy and CASTion and we
are very pleased that we have been selected,” stated Dennis C. Cossey,
ThermoEnergy’s Chairman and CEO. “We were able to meet the stringent
engineering requirements for the project and look forward to a rewarding
partnership with URS for this and future opportunities. This contract is
indicative of not only our ability to capitalize on our current pipeline, but
also how effective and elite out CASTion technologies are.”

The water production system consists of a reverse osmosis water treatment
train with chlorination that will be supplied by CASTion Corporation to supply
potable water and fire protection to buildings and living units within a large
facility. The system once operational will supply over 400,000 gallons of
potable water per day that meets EPA drinking water standards in the most
economical fashion and with minimal energy consumption.

About URS:

URS Corporation (NYSE: URS) is a leading provider of engineering,
construction and technical services for public agencies and private sector
companies around the world. The Company offers a full range of program
management; planning, design and engineering; systems engineering and
technical assistance; construction and construction management; operations and
maintenance; and decommissioning and closure services. URS provides services
for power, infrastructure, industrial and commercial, and federal projects and
programs. Headquartered in San Francisco, the Company operates through three
divisions: the URS Division, the EG&G Division and the Washington Division.
URS Corporation has more than 50,000 employees in a network of offices in more
than 30 countries (www.urscorp.com).

About ThermoEnergy:

ThermoEnergy is an integrated technologies company engaged in the
worldwide commercialization of patented and/or proprietary municipal and
industrial wastewater treatment and power generation technologies. The
wastewater treatment technologies are consolidated in its subsidiary, CASTion
Corporation (“CASTion”), a fast growing developer and manufacturer of
innovative, custom-designed wastewater treatment and chemical recovery systems
for industrial and municipal clients. The systems are unique because they meet
environmental regulations while providing a rapid return on investment by
recovering and reusing expensive feedstocks, reducing contaminated wastewater
discharge and reusing wastewater in process operations. CASTion’s wastewater
systems are currently being used such industries as aerospace, food
processing, metal finishing, petro-chemical, refineries, pulp & paper, heavy
manufacturing and municipal wastewater. The Company designs, assembles and
ships its waste water treatment systems from a 20,000 square foot
manufacturing facility located in Worcester, Massachusetts. The power
generation technologies are consolidated in a subsidiary, ThermoEnergy Power
Systems, LLC (“TEPS”). The economic and environmental matrix of the Company’s
technologies represents a paradigm shift in key infrastructure industries. The
Company currently has offices in Little Rock, AR, and New York, NY. Additional
information on the Company and its technologies can be found on its website at
http://www.thermoenergy.com/, or http://www.castion.com/ for wastewater
treatment specific information.

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE “FORWARD
LOOKING” STATEMENTS, USUALLY CONTAINING THE WORD “BELIEVE”, “ESTIMATE”,
“PROJECT”, “EXPECT” OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS
INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THE FORWARD LOOKING STATEMENTS. FACTORS THAT WOULD
CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO,
CONTINUED ACCEPTANCE OF THE COMPANY’S PRODUCTS AND SERVICES IN THE
MARKETPLACE, COMPETITIVE FACTORS, CHANGES IN REGULATORY ENVIRONMENTS AND OTHER
RISKS DETAILED IN THE COMPANY’S PERIODIC REPORT FILINGS WITH THE SECURITIES
AND EXCHANGE COMMISSION. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE
COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR
CHANGES.

    Website:http://www.thermoenergy.com/
    Website:http://www.castion.com/

    Investors:
    Alliance Advisors, LLC
    Bryan Kobel, 212-398-3487
    bkobel@allianceadvisors.net

[Via http://www.prnewswire.com]

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