Catalytica and Tanaka Kikinzoku Kogyo Sign Commercialization Agreement for Catalytic Combustion Technology.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- April 3, 1995-- Catalytica, Inc. (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 :CTAL CTAL Confederacion de Trabajadores de America Latina (Confederation of Latin American Workers) CTAL Canadian Tire Acceptance Limited CTAL Computer Technology Application Lab, Inc. CTAL Confidentially Typed Assembly Language ), announced today that they have signed a new agreement with Tanaka Kikinzoku Kogyo K.K. for the manufacture and marketing of the gas turbine catalytic combustion reactors being jointly developed by the two companies. The agreement is designed to accelerate the commercialization of the technology in specific market segments utilizing the respective strengths of each company. Under the terms of the new agreement, which supersedes a 1988 development agreement, Catalytica and Tanaka have allocated commercialization rights along market and geographic lines. Catalytica receives an exclusive license to manufacture and market catalytic combustion reactors on a worldwide basis for large gas turbines (greater than 25 megawatts power output) and for 1- to 3-megawatt Kawasaki turbines used in cogeneration applications. For other small- and medium-sized turbines (less than 25 megawatts), Catalytica receives an exclusive license to work with turbine manufacturers in the Western Hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. and in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . Catalytica will assume all current joint contracts in these markets including those with General Electric Co. and the Affiliated Group of Companies, Inc. Catalytica will continue its relationship with Allison Engine Co. Tanaka receives a reciprocal exclusive license to manufacture and market catalytic combustion reactors for small- and medium-sized turbines in areas outside Catalytica's geographic areas. Tanaka also receives an exclusive license to manufacture and market the technology for use in certain areas of the transportation market. Catalytica and Tanaka will pay each other a royalty on sales for each application. The parties will continue to cooperate in the development of the technology. Robert L. Garten, President of the Clean Combustion Systems Division at Catalytica, said, "The new agreement with Tanaka leverages the strengths of the two organizations and represents a significant new stage in the commercialization of our catalytic combustor com·bus·tor n. A combustion chamber and its igniters, injectors, and other related apparatus in a jet engine or gas turbine. A name generally assigned to the combination of flame holder or stabilizer, igniter, combustion chamber, and products by addressing important manufacturing and marketing issues. For the turbine markets, it allows Catalytica to accelerate its commercialization projects with gas turbine manufacturers and users that are located in the Western Hemisphere, starting with small- and medium-sized turbines used in electric power generation, cogeneration, and gas transmission and processing, followed by application in large utility turbines. For the transportation application, the agreement takes advantage of Tanaka's strength in large-volume manufacturing and their current relationships with that industry." Catalytica believes the turbine market represents an attractive opportunity for the company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Electric Reliability Council, over the next decade approximately 6,000 megawatts per year of new natural gas-fired turbine capacity is expected to be added to the current installed base of about 48,000 megawatts 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. . World capacity requirements are estimated to be three times larger than the United States. A U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and report estimates that technologies currently used to control nitrogen oxide Noun 1. nitrogen oxide - any of several oxides of nitrogen formed by the action of nitric acid on oxidizable materials; present in car exhausts pollutant - waste matter that contaminates the water or air or soil (NOx) emissions to low levels cost from $25,000 to $35,000 per megawatt per year. A catalytic combustor reacts fuel with oxygen in the air on a catalyst surface to form hot combustion gases that can be used to power a turbine. Unlike normal flame combustion, which produces high levels of NOx emissions, catalytic combustion virtually prevents the formation of this pollutant. NOx is a regulated air pollutant in many localities worldwide. Tanaka Kikinzoku Kogyo K.K. (Tokyo) develops, manufactures and sells products based on precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. and alloys for industrial use in catalysis catalysis Modification (usually acceleration) of a chemical reaction rate by addition of a catalyst, which combines with the reactants but is ultimately regenerated so that its amount remains unchanged and the chemical equilibrium of the conditions of the reaction is not , automotive applications, electronics, and other industries. Catalytica is developing new manufacturing technologies and is manufacturing products that offer economic and environmental benefits. CONTACT: Catalytica, Mountain View Alice Galloway, 415/940-6382 |
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