AGT Announces Receipt of Federal Funding.KNOXVILLE, Tenn. -- Atmospheric Glow Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGWT AGWT Atmospheric Glow Technologies, Inc. AGWT American Ground Water Trust AGWT Green-Winged Teal (bird species Anas crecca) ) (AGT AGT antiglobulin test. ) has received notification that it will be the recipient of a Congressionally sponsored research and development program for Medical Device Sterilization using its patented atmospheric plasma. The research program, sponsored by Senators Bill Frist and Lamar Alexander of Tennessee, will be conducted in cooperation with the U.S. Army Medical Research and Materiel ma·te·ri·el or ma·té·ri·el n. The equipment, apparatus, and supplies of a military force or other organization. See Synonyms at equipment. Command. The $1.75 million program will address the difficulties in providing medical device sterilization for highly mobile forces such as Forward Surgical Teams. AGT will work to develop a robust portable sterilization system to meet military needs. This contract will build upon AGT's previous SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) efforts with the National Institutes of Health and the U. S. EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. . According to AGT's President, Dr. Kimberly Kelly-Wintenberg, "These monies will allow AGT to provide ongoing economic development in East Tennessee while working to provide the military a feasible alternative for portable medical device sterilization." AGT is a market driven science and engineering company focused on realizing the commercial potential of the patented One Atmosphere Uniform Glow Discharge Plasma (OAUGDP OAUGDP One Atmosphere Uniform Glow Discharge Plasma (R)) technology, a method of creating plasma chemistry in air at atmospheric pressure. Management believes that the OAUGDP(R) is an exciting breakthrough in proprietary technology offering capabilities that other plasma technologies do not provide. Moreover, AGT is working to expand the applicability of its OAUGDP(R) technology and has targeted new market and product opportunities with the goal of creating additional shareholder value. AGT's technology has been the recipient of numerous federal contracts and grants and recognition awards. Additional information is available at http://www.atmosphericglow.com. Statements in this release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In addition, words such as "believes", "anticipates", "expects", and similar expressions are intended to identify forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of events of the company, or events, or timing of events, relating to the company to differ materially from any future results, performance, or achievements of the forward-looking statements. The company cannot assure that it will be able to anticipate or respond timely to the changes, which could adversely affect its operating results in one or more fiscal quarters. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of the company's securities. |
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