DYNECO CORPORATION LAUNCHES COMMERCIAL APPLICATION OF THE ORBITAL VANE(TM) COMPRESSOR - Performance Proven Superior to Conventional Compressors-.ROCKLEDGE, Fla.--(BUSINESS WIRE)--July 24, 1995--DynEco Corporation (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 Bulletin Board: DYCO.U) announces the launch of the first commercial application of its proprietary Orbital Vane Vane , John Robert 1927-2004. British pharmacologist. He shared a 1982 Nobel Prize for research on prostaglandins. vane the membranous or main part of the contour feather in birds as distinct from the shaft. (TM) compressor technology. This initial product introduction, industrial air compressors in the 5-25 HP range, will be marketed in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The industrial air compressors are being launched pursuant to a 50/50 joint venture with Kurt Manufacturing Company. Kurt is a producer of precision components and assemblies with sales on the order of $100 million. The joint venture, Kurt/DynEco Compressor Company, is headquartered at Kurt facilities in Minneapolis, MN. The industrial air compressors will be marketed through Kurt's existing network of over 800 representatives. DynEco's Orbital Vane(TM) compressor technology is the result of design requirements specifically formulated to facilitate the creation of an advanced low-cost compressor. This new compressor consists only of the very simplest manufacturing shapes - flat and round, allowing high precision production - inexpensively and rapidly. Additionally, in order to minimize friction and wear, internal rubbing contact has been eliminated. The new mechanism is also dynamically balanced to insure low noise and vibration. In addition to air compressors, DynEco is developing the Orbital Vane(TM) compressor for a large number of other markets, including environmentally-friendly climate control systems. For example, DynEco has developed a high performance automobile air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. compressor recently tested at Oak Ridge National Laboratory Oak Ridge National Laboratory (ORNL) is a multiprogram science and technology national laboratory managed for the United States Department of Energy by UT-Battelle, LLC. ORNL is located in Oak Ridge, Tennessee, near Knoxville. that operates on HFC-134a, the current replacement for ozone-destructive CFC-12 refrigerant re·frig·er·ant adj. 1. Cooling or freezing; refrigerating. 2. Reducing fever. n. 1. A substance, such as air, ammonia, water, or carbon dioxide, used to provide cooling either as the working substance of . Though CFCs are being banned, there is a continuing effort to find alternative refrigerant fluids that are efficient and completely environmentally benign; HFC-134a remains a "green-house" gas. It has long been known that CO2 (carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. ), a fully benign and naturally-occurring substance, is an ideal refrigerant fluid. However, due to its high vapor pressure vapor pressure, pressure exerted by a vapor that is in equilibrium with its liquid. A liquid standing in a sealed beaker is actually a dynamic system: some molecules of the liquid are evaporating to form vapor and some molecules of vapor are condensing to form liquid. , a CO2 compressor must be capable of operating at pressures five times that required by conventional refrigerants Chemical refrigerants are assigned an R number(sometimes the label replaces it with the word Freon) which is determined systematically according to molecular structure. The following is a list of refrigerants with their R numbers, IUPAC chemical name, molecular formula, and CAS number. . The successful development of a machine capable of such pressures has been a technical barrier to the commercializing of this cooling cycle. DynEco presently intends to explore the feasibility of applying its compressor technology to the CO2 refrigeration cycle; an initial Orbital Vane(TM) compressor design, directed towards automotive air conditioning, has been completed. Mr. Richard Besser, DynEco's President & 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. commented, "The Orbital Vane(TM) compressor has proven to deliver energy and capacity performance in excess of conventional refrigerant and air compressors. As we settle into each market application, we will move forward on a solid and continually expanding commercialization base as we penetrate new markets." Dr. Thomas Edwards, DynEco's Chief Technical Officer stated, "We are pleased to introduce this smaller, simpler and more efficient air compressor into the air compression market and are looking forward to an on-going introduction of DynEco's remarkable fluid-handling mechanism to a growing list of applications." DynEco controls the domestic and foreign patent rights to the Orbital Vane(TM) non-contact compressor and related technologies. This compressor, which operates with a wide range of gases, including ozone-safe refrigerant HFC-134a, is expected to be highly price-competitive due to its simplicity and ease of manufacture. Based on testing at the Oak Ridge National Laboratory, "This new compressor is compact, lightweight, and more efficient than conventional automobile air conditioning compressors." These tests provide fully credible confirmation of the extraordinary performance of DynEco's Orbital Vane(TM) compressors. CONTACT: Richard Besser, CEO Gordon Wolfe Thomas Edwards, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. Barbara Yu DynEco Corporation Wolfe Axelrod Associates (407) 639-0333 (212) 370-4500 |
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