Thermo Remediation Changes Name To ThermoRetec

CONCORD, Mass., Sept. 17 /PRNewswire/ -- Thermo Remediation Inc.(ASE: THN) announced that its shareholders have approved the company's proposal to change its name to ThermoRetec Corporation. The outcome of the vote was announced Tuesday at the company's annual meeting of shareholders. The name change is effective immediately.

"We are a much different company than we were two years ago, and ThermoRetec better reflects the much broader range of services we offer to support and improve our clients' environmental health and safety efforts," said Robert W. Dunlap, president and chief executive officer of ThermoRetec. "The name change will be beneficial as we complete the ongoing integration of our various businesses and continue to focus on meeting the future requirements of customers from both industry and government."

The company's ticker symbol on the American Stock Exchange will remain THN. Trading in the company's common stock will not be interrupted. However, the common stock will begin to trade under the new name and with its new CUSIP number (883656 10 0) on Friday, September 18. Shareholders will not be requested to exchange their stock certificates.

ThermoRetec Corporation is a national provider of environmental services. The company integrates advanced management, regulatory, and technology skills to provide compliance management, resource recovery and recycling, radioactive-waste management, remediation construction, and health and safety monitoring. ThermoRetec is a public subsidiary of Thermo TerraTech Inc., a Thermo Electron company. More information is available on the Internet at http://www.thermo.com/subsid/thn1.html.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth under the heading "Forward-looking Statements" in the company's annual report on Form 10-K for the fiscal year ended April 4, 1998. These include risks and uncertainties relating to: dependence of the company's businesses on environmental regulation, potential environmental and regulatory liability, intense competition, development and commercialization of technology, possible obsolescence of the company's services due to technological change, risks associated with the company's acquisition strategy, uncertainties associated with the availability of government funding, the effect of seasonal influences on the company's performance, and the potential impact of the year 2000 on processing date- sensitive information.

SOURCE Thermo Electron Corporation

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/CONTACT: Investor: 781-622-1111 or Media: 781-622-1252 of Thermo Electron/

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/Web site: http://www.thermo.com/subsid/thn1.html/

(TMO THN) CO: Thermo Electron Corporation; Thermo Remediation Inc.; ThermoRetec

Corporation ST: Massachusetts IN: ENV SU:

TJ -- NETH012 -- 4500 09/17/98 09:14 EDT http://www.prnewswire.com