Market Overview

Braidy Industries Announces Selection of Kiewit as EPC Contractor

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SMS and EBNER selected as equipment and furnace providers,
respectively.

Braidy Industries, Inc. ("Braidy Industries") is pleased to announce the
selection of Kiewit ("Kiewit") as the company's Engineering,
Procurement, and Construction ("EPC") contractor for Braidy Atlas, its
greenfield aluminum mill in Ashland, Kentucky. SMS Group ("SMS") and
EBNER Industrieofenbau GmbH Construction ("EBNER") were also selected as
equipment and furnace providers, respectively.

This partnership represents a major step forward in the construction of
Braidy Industries' low-cost, innovative rolling mill, Braidy Atlas. With
a dedicated management team alongside efficient onsite staff, the mill
is on-schedule for first production in 2020. Once complete, Braidy Atlas
will be the lowest cost aluminum mill in the world.

"We are excited to have been chosen by Braidy Industries and look
forward to designing and building this important project," said Tom
Shelby, executive vice president of Kiewit Corporation. "We believe our
strong safety and performance track record, as well as our extensive
experience as an EPC contractor will help ensure the overall success of
this landmark aluminum mill."

Braidy Industries and Kiewit reached an agreement to negotiate a full
turnkey EPC contract reflecting Kiewit's capabilities as one of the
largest construction and engineering organizations in North America. The
company offers services in a variety of markets, including
transportation; oil, gas and chemical; power and water/wastewater.

Michael Schäfer, senior vice president of SMS, a world-recognized leader
in rolling mill equipment with over 100 years of experience, said, "The
SMS group is excited to help Braidy Industries set the standard for
quality and efficiency in lightweight auto sheet production with this
new world class facility located in the State of Kentucky."

Braidy Atlas will be the first Greenfield aluminum mill in North America
in over 35 years, the most technologically-advanced rolling mill in the
world, and the first ever to be fully-optimized from the ground up for
automotive manufacturing. The site is 104 inches through the entire
production line, making it the widest in North America from start to
finish.

"As Braidy Industries progresses toward being a key player within the
aluminum sector, EBNER will serve as a strategic partner throughout the
ongoing development of the Braidy Atlas mill," Chief Executive Officer
Robert Ebner said on the partnership. "We are excited to play an
integral role in this groundbreaking project." EBNER is a leading global
specialist in heat treatment within the metals industry, with a
subsidiary based in Wadsworth, Ohio.

"I'd like to thank our partners, Kiewit, SMS and EBNER for contributing
their technology and expertise to our mission of rebuilding Appalachia,"
said Craig Bouchard, chief executive officer of Braidy Industries. "We
could not have imagined a better team."

About Braidy Industries

Braidy Industries is a future-leaning advanced manufacturer of metals
for the global transportation and defense industries. The company's
first project, the Phase I construction of a greenfield aluminum rolling
mill at EastPark Industrial Center in Ashland, Kentucky, will position
the company as the low-cost provider of 300,000 annual tons of
production-ready series 5000, 6000 and 7000 aluminum sheet and plate for
the automotive and aerospace industries.

About Kiewit

Kiewit is one of North America's largest and most respected construction
and engineering organizations. With its roots dating back to 1884, the
employee-owned organization operates through a network of subsidiaries
in the United States, Canada, and Mexico. Kiewit offers construction and
engineering services in a variety of markets, including transportation;
oil, gas and chemical; power; building; water/wastewater; industrial;
and mining. Kiewit had 2017 revenues of $8.7 billion and employs 22,000
staff and craft employees.

About SMS Group

SMS group is a group of companies internationally active in plant
construction and mechanical engineering for the steel and nonferrous
metals industry. It has some 13,500 employees who generate worldwide
sales of more than EUR 3 billion. The sole owner of the holding company
SMS GmbH is the Familie Weiss Foundation.

About EBNER

EBNER is a global, family-owned company with more than 1,100 employees
worldwide and market leader for heat treatment facilities for the metals
industry. The company spends 6-8% of annual turnover for research,
development and innovation. EBNER's pioneering concepts in modern
furnace technology create new perspectives in offering environmentally
friendly and energy efficient solutions.

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