Feature News

-New company to serve as single focal point for full range of products and services

PITTSBURGH and TOKYO, June 30 /PRNewswire/ -- Westinghouse Electric Company ("Westinghouse") today announced the formation of Westinghouse Electric Japan, a new organization that will provide a single focal point for all Westinghouse products and services manufactured, sold or procured in Japan. Westinghouse also announced that it has appointed Jack B. Allen, currently senior vice president of Westinghouse Electric Company, as president and CEO of the new entity.

In making the announcement, Westinghouse President and CEO Aris S. Candris said the formation of Westinghouse Electric Japan is consistent with Westinghouse's effort to build closer relationships with an expanding global customer base.

"To bring Westinghouse closer to our global customers and capture growth in strategic markets, we have worked in recent years to reinforce a region-based business model," he said. "Establishment of Westinghouse Electric Japan is part of our long-term growth strategy to enhance businesses in the Asian region."

Dr. Candris also said the move is linked to Westinghouse's positive view of the nuclear energy market in Japan. "As demonstrated by our recent acquisition of Nuclear Fuel Industries Ltd. (NFI), Japan's sole producer of PWR and BWR fuel, we believe strongly in the future of the Japanese nuclear energy market," he said.

"Jack and his team will be at the forefront of identifying new opportunities in the market and ensuring that our customer commitments are met through the flawless delivery of our products, services and technologies. Westinghouse Electric Japan will work closely with Toshiba Corporation's Nuclear Energy Systems & Services Division to maximize its support for the Japanese utilities."

Mr. Allen has served since May 2005 as senior vice president, Operational Excellence, for Westinghouse Electric Company. Earlier in his 39-year career at Westinghouse he held a number of key management positions in Westinghouse's nuclear power plants and nuclear fuel businesses.

Westinghouse also announced today that Shunichi Tanaka will serve as senior vice president of Westinghouse Electric Japan, reporting to Mr. Allen.

Mr. Allen and Mr. Tanaka will be based in Tokyo. Additional members of the team will be selected in coming weeks.

Westinghouse Electric Company, a group company of Toshiba Corporation (TOKYO:6502), is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first PWR in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for well over 40 percent of the world's operating nuclear plants, including 60 percent of those in the United States. With its latest nuclear power plant, the AP1000(TM), Westinghouse has already won contracts for four units in China and six units in the U.S.