Applied Science Products, Inc. Announces Development Contract With Navatek, Ltd.
January 19 2010 - 09:00AM
Marketwired
Applied Science Products, Inc. (PINKSHEETS: APLD) announced today
that it received an initial contract from Navatek Alternative
Energy Technologies, LLC, a subsidiary of Navatek, Ltd., to begin
development work on a plasma actuator that can be integrated with
an advanced flow control system for wind turbines. The contract has
a not-to-exceed value of $250,000, and covers the development and
optimization of a plasma actuator utilizing proprietary plasma
technology held by the Company's wholly owned subsidiary, Advanced
Plasma Products, Inc.
Kenneth Wood, CEO of Applied Science Products, Inc., commented,
"This is an exciting application for our plasma technology. With
the long-term growth prospects of the global wind power industry,
we are pleased our plasma technology has a potential application in
this market. The objective of applying plasma to the blade surface
is to improve wind turbine performance by delaying separation of
the airflow over the blade. This form of boundary layer control is
achieved through incremental momentum provided by the plasma as the
ionized molecules interact with the neutral air molecules. The
result is increased power output, especially under low wind
conditions." Mr. Wood further noted that "We're very pleased to be
teaming with Navatek on this project. They bring a wealth of
closed-loop active control engineering to the table, which will be
an essential element of an overall turbine flow control
system."
Under this contract, the company will be developing a novel
plasma implementation to maximize actuation forces. Follow-on work
will implement the developed plasma design onto a wind turbine to
measure improved performance, and the engineering of a dynamic
control system by Navatek that will optimize turbine performance
under varying wind conditions.
About Advanced Plasma Products, Inc.
Advanced Plasma Products, Inc. (APP) is a wholly owned
subsidiary of Applied Science Products, Inc. APP is a growth stage
technology company dedicated to developing and commercializing
needed and useful products based upon its patented platform One
Atmosphere Uniform Glow Discharge Plasma (OAUGDP) technology. APP's
intent is to leverage its unique atmospheric plasma technology into
development of a number of products in diverse, high growth
markets, such as healthcare, air purification, manufacturing, and
biotechnology. The company recently announced the introduction of
its new TriClean Pro air purification product that includes the
company's newest advanced plasma design. The TriClean Pro is a
robust air purification that effectively traps and destroys all
known classes of microorganisms such as pathogenic bacteria,
viruses, allergens and mold. It also removes odor-causing volatile
organic compounds (VOCs) providing a comprehensive approach to air
purification. The air returning to the room is virtually free from
any odors and harmful contaminants.
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Reform Act of 1995: This release contains forward looking
statements identified by the use of words such as should, believes,
plans, goals, expects, may, will, objectives, missions, or the
negative thereof, other variations thereon or comparable
terminology. Such statements are based on currently available
information which management has assessed but which is dynamic and
subject to rapid change due to risks and uncertainties that affect
our business such as the impact of competitive products and
pricing, limited visibility into future product demand, slower
economic growth generally, difficulties inherent in the development
of complex technology, new products sufficiency, availability of
capital to fund operations, research and development, fluctuations
in operating results, and other risks that may be identified and
detailed from time to time. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
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or performance are not statements of historical fact and should be
considered forward looking statements. Forward looking statements
involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated.
Contact: Kenneth Wood Chief Executive Officer Applied Science
Products, Inc. (908) 507-6239