Westinghouse Announces its Small Modular Reactor (SMR) Design; Marks a New Era in Delivering Clean, Nuclear Energy Safely and Simply

-- Westinghouse committed to the global small modular reactor market;

-- Prepares for U.S. Department of Energy SMR program

PITTSBURGH -- Celebrating its 125th Anniversary and leveraging more than half a century of advanced nuclear reactor experience, Westinghouse Electric Company achieves yet another milestone in energy history today with the introduction of its Small Modular Reactor. The Westinghouse SMR -- a 200 MWe-class, integral pressurized water reactor -- extends the advances realized in the company's industry-leading AP1000® reactor design. The Westinghouse SMR design, the newest to the company's reactor portfolio, uses passive safety systems and other proven technology to achieve the highest levels of safety, while reducing the number of plant components required.

Dr. Kate Jackson, Westinghouse senior vice president for Research and Technology and chief technology officer, said that the Westinghouse Small Modular Reactor design offers yet another option for providing a safe, affordable and secure source of clean-air energy to the world's rapidly changing and diverse markets.

"The Westinghouse Small Modular Reactor enables us to bring together all that we know about operating nuclear plants, designing and licensing plants, and passive safety into a small design that will provide additional power options for our customers. Westinghouse, with its heritage of nuclear technology firsts, is at the forefront of SMR development in the nuclear industry, providing design, construction and operation certainty that no other SMR supplier can match."

As part of its commitment to the evolving worldwide SMR market, Westinghouse also is actively working to prepare for the upcoming U.S. Department of Energy SMR program and to be the leading industry collaborator with the government on this important energy initiative.

In addition to Westinghouse expertise in technology integration, the Westinghouse SMR also leverages Westinghouse experience and lessons learned from actual experience with the Westinghouse AP1000® plant design (currently under construction in China).

For more information about the Westinghouse SMR, including a video, visit: http://www.westinghousenuclear.com/smr/index.htm

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including 60 percent of those in the United States.

CONTACT: Angela Fenwick of Westinghouse Electric Company, +1-412-374-2461, fenwicaj@westinghouse.com

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