ASI Technology Corp. to Study Advanced Plasma Shields; Company Awarded MDA SBIR Phase I Contract.Business Editors LAS VEGAS--(BUSINESS WIRE)--May 1, 2002 ASI ASI, n See Anxiety Sensitivity Index. Technology Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ASIT) Wednesday announced that it has received a $66,000 contract to study advanced plasma barriers and tunable shields to absorb or reflect radiation. The Phase I contract is sponsored by the Missile Defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged Agency's Small Business Innovation Research (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) ) Program and managed by the U.S. Army Space and Missile Defense Command Space and Missile Defense Command (SMDC) is a specialized major command within the United States Army. The SMDC is an organization composed of five components:
The specific focus of the six-month SBIR contract is to study plasma barriers to shield antennas, radar and electronic equipment. ASI will be using certain equipment and facilities at the University of Tennessee The University of Tennessee (UT), sometimes called the University of Tennessee at Knoxville (UT Knoxville or UTK), is the flagship institution of the statewide land-grant University of Tennessee public university system in the American state of Tennessee. - Knoxville to support this effort. The principal investigator under the contract is ASI's Theodore Anderson, Ph.D., a plasma physicist and mathematician. Anderson is the inventor of a number of plasma antenna innovations. Jerry Polis, president, stated, "We have performed pioneering plasma science on antennas, communication links and shields. This contract furthers our patent-pending shielding technology for the protection of antennas and electronics from interference. This technology has applications in protecting commercial systems as well." Headquartered in Henderson, Nev., ASI Technology is focused on plasma technologies. Plasma is the fourth state of matter and the most abundant, and plasma-based research is a rapidly growing field. ASI Technology owns two patented plasma technologies, plasma antenna technology and plasma sound reduction technology for jet engines. About ASI Technology Corp. ASI specializes in the development of advanced patented plasma technologies in support of DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. and commercial organizations. ASI staff has extensive experience in the disciplines of science, physics, engineering and mathematics with a focus on advanced plasma physics. ASI has innovated and patented new applications of plasma in the areas of antennas, communication links, electronic shielding and noise reduction. The company has worked on plasma projects with General Dynamics, University of Tennessee, the U.S. Missile Defense Agency, the U.S. Navy and Malibu Research Inc. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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 This document contains forward-looking statements relating to future performance, technology and product development that may affect future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risks and uncertainties, including development results, technological shifts, potential technical difficulties that could delay new technology, competition, general economic factors, the uncertainty of market acceptance of new technology, and other factors identified and discussed in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from the company's current expectations. |
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