Xanser's Furmanite Announces Additional Five-Year Partnership with Ex

    Business Editors

    DALLAS--(BUSINESS WIRE)--Feb. 1, 2005--Furmanite, a worldwide technical and engineering services company and a wholly owned subsidiary of Xanser Corporation (NYSE:XNR), recently announced a five-year, strategic agreement with Exelon Corporation for on-line leak sealing and safety valve testing services. Exelon Corporation is one of the nation's largest electric utilities with more than $15 billion in annual revenues.
    "The new agreement attests to the exceptional service that we continue to receive from Furmanite," said Thomas A. Schnoor, category manager, Exelon Supply Strategic Sourcing. "We know that we can count on Furmanite for its commitment to safety and customer service."
    This contract is an addition to Furmanite's existing agreement with Exelon, and extends a partnership between the two companies that dates back 20 years. Specifically, the expanded business includes Exelon's four Eastern nuclear plants and seven fossil plants located in eastern Pennsylvania.
    "We are very pleased to continue our long-standing partnership with Exelon. We remain committed to ensuring that we exceed Exelon's expectations and to help meet their production and profitability goals," said Gary Gardner, president of Furmanite's North American operations.
    As part of Furmanite's commitment to Exelon and this new agreement, the company is dedicating significant resources to the initiative including opening an East Coast office and relocating employees to the area whose primary responsibilities include servicing Exelon. According to Schnoor, there are tremendous benefits to partnering with a single supplier including cost savings, dedicated service and consistency across all sites.
    Furmanite has provided leak sealing, flange pipe and safety valve testing services for Exelon's nuclear and fossil stations in Pennsylvania, Illinois, Texas and New Jersey for many years.

    About Furmanite

    Furmanite's business is the protection and management of its customers' critical assets, and the company's technical and technological capabilities help to assure that customers' critical assets are on-line and performing for maximum profit. 2004 represented 75 years of Furmanite serving as the worldwide expert in the field of on-site and on-line plant and pipeline maintenance. Furmanite's single mission and business goal is to maximize asset uptime for customers. Specifically, everything Furmanite does directly relates to keeping an asset on-line, productive and profitable; be it a pipeline, a plant or personnel. Furmanite ensures asset productivity and profitability for a variety of industries -- chemical and petrochemical, oil and gas, power generation, pulp and paper, pharmaceutical, and national defense.
    This commitment to excellence, coupled with Furmanite's broad array of services and patented technology, is a critical component to the operation and financial success of some of the world's largest process manufacturers and energy producers and suppliers including Shell, ExxonMobil, Sun Oil, Dominion, Exelon, Cinergy, Entergy and Reliant. Furmanite has more than 40 offices on five continents. Its website is www.furmanite.com. Furmanite is a wholly owned subsidiary of Xanser Corporation (NYSE:XNR).

    About Exelon

    Exelon Corporation is one of the nation's largest electric utilities with approximately 5.1 million customers and more than $15 billion in annual revenues. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.1 million customers in northern Illinois and Pennsylvania and gas to more than 460,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

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CONTACT: Furmanite/Immedia Communications Elizabeth Peichel, 972/312-8344 Peichel@comcast.net

KEYWORD: TEXAS PENNSYLVANIA ILLINOIS INDUSTRY KEYWORD: ENERGY UTILITIES MANUFACTURING PRODUCT MARKETING AGREEMENTS SOURCE: Furmanite

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