Curtiss-Wright and Advanced Motion Technologies Complete Technology Transfer Agreement on the Yet2.com Online Marketplace.Business/Technology Editors Yet2.Com Connects Leading Innovator of Electromagnetic Actuator with Major Provider of Highly Engineered Products to Global Industrial Corporations and U.S. Military CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 10, 2001 yet2.com, the leading provider of products and services for the exchange of intellectual assets on the Internet, announced today that Curtiss-Wright (NYSE NYSE See: New York Stock Exchange :CW) and Advanced Motion Technologies (AMT See vPro. ) have completed a yet2.com-enabled technology transfer agreement. Under the terms of the agreement, Curtiss-Wright will purchase four separate licenses from AMT for its ServoRam(TM) electromagnetic actuator for military and commercial applications. AMT's electromagnetic actuator is a very powerful and precise motion control device that employs more reliable and cleaner electromagnetic technologies to replace the traditional large, noisy, leaky, and environmentally damaging hydraulic systems. ServoRam(TM) has many applications, ranging from automotive suspension systems, ships rudder steering, to elevator door closures. "AMT's innovative technology generated tremendous interest and requests for introductions from users of our global marketplace," said Chris De Bleser, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at yet2.com. "The success of this deal demonstrates the potential role that small, technologically advanced companies like AMT can play in fueling innovation at major industrial corporations like Curtiss-Wright. We're proud that our marketplace brought together these two companies in the most efficient way possible. This agreement is a great example of the momentum that yet2.com is experiencing." "Central to our business strategy is to concentrate on R&D and prototype development for our ServoRam(TM) and actively seek licensees to manufacture, sell and distribute our ServoRam(TM) into numerous applications on a global basis. Our potential partners are the international giants of industry," said Henry Lieberman, Vice Chairman/President of Advanced Motion Technologies. "After viewing the sponsors listed on yet2.com, AMT realized that the modest investment in listing our technology would dramatically increase the efficiency of our licensing efforts and open our technology to be viewed by those that were in search of electromagnetic and motion control solutions." "yet2.com has helped us identify a vital new technology from an innovator like AMT," said Greg Ryan, Director of Program Management at Curtiss-Wright. "We look forward to working on applying these licenses in our core business segments." Curtiss-Wright Corporation is a diversified provider of highly engineered products and services to the Motion Control, Flow Control and Metal Treatment industries. With its roots dating back to the Wright brothers' first flight in 1903, the firm employs approximately 2,600 people and is headquartered in Lyndhurst, New Jersey Lyndhurst is a township in Bergen County, New Jersey, United States. As of the United States 2000 Census, the township population was 19,383. Lyndhurst was originally formed as Union Township on February 19, 1852 from portions of Harrison Township. . More information on Curtiss-Wright can be found at www.curtisswright.com. Based in Rockville, Maryland, with manufacturing facilities in the United Kingdom, AMT is the leading global provider of advanced motion technologies utilizing electromagnetic actuators. AMT is a patent commercialization company, developing and patenting industry revolutionizing motion applications for military, aerospace, automotive, manufacturing and simulation industries. AMT's flagship technology is based on a groundbreaking innovation, the ServoRam(TM). This electromagnetic actuator is a very powerful and precise motion control device that employs more reliable and cleaner electromagnetic technologies to replace the traditional, large, maintenance-prone, leaky and environmentally damaging hydraulic systems. AMT is available at www.advancedmotion.net. Other leading technology companies that have joined yet2.com's marketplace include 3M, Agfa-Gevaert Group, Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , Asahi Glass Company, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , Battelle, Bayer, The Boeing Company, Bosch, British Telecommunications, Caterpillar, Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the , Dai Nippon Printing Dai Nippon Printing (大日本印刷 Dai Nippon Insatsu Co. Inc., Denso Corporation, Dow Chemical, DuPont, EPRI EPRI Electric Power Research Institute EPRI European Parliaments Research Initiatives , Ford Global Technologies, Fraunhofer Patent Center for German Research, General Mills, GKN, Hitachi, Honeywell, Hyundai Heavy Industries, Kao Corporation, LG Electronics Institute of Technology, The Lubrizol Corporation, Mitsubishi Chemical Corporation Mitsubishi Chemical Corporation (三菱化学株式会社 , Mitsubishi Heavy Industries, Mitsui Chemicals, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation, Nippon Steel Corporation, NTT DoCoMo, Inc., Osaka Gas, Royal Philips Electronics, Polaroid Corporation, Porsche, Procter & Gamble, Rockwell, SAIC SAIC - http://saic.com. , Samsung Electronics, Sandia National Laboratories Sandia National Laboratories, which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), is a major United States Department of Energy research and development national laboratory with two locations, one in Albuquerque, New , Sharp Corporation, Shell Global Solutions, Siemens, SK Corporation, Sumitomo Chemical, Sumitomo Electric Industries Sumitomo Electric Industries (住友電気工業 , Takeda Chemical Industries, Toray Industries, Toshiba Corporation, Toyota Industries, Toyota Motor Corporation and TRW. About yet2.com Combining a network of leading global technology companies, industry best practices, and online technology transfer market expertise, yet2.com is driving shareholder value by enabling efficient multi-industry, global technology transfer partnerships. yet2.com's business is centered on an online marketplace for buying and selling licensable technologies and offers a range of professional services and products tailored to assist companies as they grow and optimize their technology transfer and intellectual asset management programs. With its headquarters in Cambridge, Massachusetts, USA, yet2.com has offices in Europe and Asia. For more information visit www.yet2.com. |
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