AeroVironment Awarded Patents for Architectural Wind(R) Building-Integrated Energy Generation System.MONROVIA, Calif. -- AeroVironment, Inc. (AV) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVAV), a leader in unmanned aircraft systems and efficient electric energy systems, has been awarded three utility patents and six design patents by the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property (USPTO USPTO abbr. United States Patent and Trademark Office ) along with 12 European design patents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc new approaches to renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. generation on buildings. The USPTO awarded the patents relating to the incorporation of AV's Architectural Wind[R] system on rooftops. The utility patents address a method for identifying the specific area over the edge of certain building types where the wind accelerates, and harnessing the energy in this acceleration zone through careful placement of a specially designed wind turbine to maximize electricity generation. These patents also cover an approach to enabling modular, rapid installation of these systems on the building to minimize time and cost. "AV's prospective customers for Architectural Wind[R] systems are committed to demonstrating sustainable practices in energy and resource management," said Mike Bissonette, vice president and general manager of AV's Energy Technology Center. "Our building-integrated wind energy system is designed to provide these leaders with a fresh and highly visible approach to clean energy generation with a goal of providing a payback that is comparable to or better than that of photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. systems." The utility patents cover wind turbine assembly features, building attachment methods, and positioning procedures. They provide details on a unique system that aligns numerous small, individual wind turbines atop and along parapets of buildings the size and shape commonly used for big box warehouse stores. The Architectural Wind[R] system uses the natural wind flow over a building without ducts or flow turning devices, while leaving sufficient design space for architects to explore shrouds, canopies and other ways to integrate the system along the parapet and into the building design. AV is a pioneer in advanced energy system technologies. Since 1977, it has maintained a continuous presence in wind power technology, conducting more than 250 sponsored projects and investing in, developing, owning and managing wind farms. AV's new building-integrated Architectural Wind[R] system is a small, modular wind-turbine system that provides an attractive clean-energy generating technology for use in both urban and suburban environments. More information about the Architectural Wind[R] system is available via email at wind@avinc.com or on the Web at www.avinc.com/wind. About AeroVironment, Inc. (AV) Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems (UAS UAS University of Applied Sciences UAS Unavailable Seconds (Sprint) UAS University of Alaska Southeast UAS User Agent Server UAS Unassigned (Telabs) UAS Unmanned Aircraft System ) and efficient electric energy systems. The company's small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness Situation awareness or situational awareness [1] (SA) is the mental representation and understanding of objects, events, people, system states, interactions, environmental conditions, and other situation-specific factors affecting human performance in to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition For the RSTA/ISTAR/STA doctrine, see . For the RSTA in the U.S. Army, see . 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 Certain statements in this press release may constitute "forward-looking statements" as that term is defined in 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. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Additional AV news: http://www.avinc.com/News.asp. |
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