DYNECO CORPORATION RECEIVES FIRST PURCHASE ORDER FOR DEMONSTRATION ORBITAL VANE AUTOMOTIVE AIR CONDITIONING COMPRESSORS.ROCKLEDGE, Fla.--(BUSINESS WIRE)--Aug. 16, 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) announces the receipt of its first purchase order for 30 demonstration 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) automotive 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. compressors. The order was placed by SCS/Frigette Corporation of Ft. Worth, TX, a leading manufacturer and supplier of aftermarket and replacement market air conditioning systems and other automotive accessories. To establish broad first-hand field operating experience, the compressors will be installed in a fleet of various vehicles in locations including Texas, Florida, Georgia and Minnesota. This initial order was placed in contemplation of the formation of a joint venture between SCS/Frigette and DynEco to apply DynEco's patented Orbital Vane(TM) technology to markets and geographical areas in which SCS/Frigette is active. SCS/Frigette has been working with DynEco over the past several years in connection with the development of the Orbital Vane(TM) compressor for automotive air conditioning applications. In addition to providing DynEco with general technical and engineering guidance, SCS/Frigette has conducted a series of compressor tests in their vehicular wind tunnel wind tunnel, apparatus for studying the interaction between a solid body and an airstream. A wind tunnel simulates the conditions of an aircraft in flight by causing a high-speed stream of air to flow past a model of the aircraft (or part of an aircraft) being tested. . This wind tunnel facility simulates extreme environmental test conditions and measures and records air conditioning system performance. The positive results of these wind tunnel tests are the basis for the initial compressor purchase order. Mr. Holt Hickman, Chairman of the Board of SCS/Frigette and a pioneer developer of automotive air conditioning said, "During our association with DynEco, we've seen great progress in the development of the Orbital Vane(TM) compressor." Mr. Richard Besser, DynEco's President and 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. stated, "We are pleased to have received the interest and support from SCS/Frigette. Their well-respected position in the auto a/c market will greatly facilitate the commercialization of Orbital Vane(TM) compressors in this industry." 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 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 HFC-134a, is expected to be highly price-competitive due to its simplicity and ease of manufacture. Based on independent testing conducted at the Energy Division of 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. , it was reported that, "This new compressor is compact, lightweight, and more efficient than conventional automobile air conditioning compressors." CONTACT: Richard Besser, CEO Thomas Edwards, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. DynEco Corporation (407) 639-0333 or Gordon Wolfe Barbara Yu Wolfe Axelrod Associates (212) 370-4500 |
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