Rockwell Automation Signs Cooperative Agreement with SuperPower, Inc.; Moves Closer to Commercial Release of High-Efficiency Motors and Generators.
Under terms of the agreement, Reliance(TM) industrial, commercial and marine motors and generators will incorporate SuperPower's groundbreaking ceramic-based Second Generation (2G) coated conductor technology. SuperPower is developing a 2G HTS wire that demonstrates superior performance over commonly used "first generation" wire. The enhanced current carrying performance at higher operating temperatures makes SuperPower's 2G wire an essential component for more energy efficient and cost effective industrial motors and generators.
Since 1987, Rockwell Automation engineers have been pioneering new technologies to make superconductivity a viable energy-saving solution. In 2001, Rockwell Automation demonstrated a 1600 horsepower superconducting motor using first generation wire. The use of the more cost effective 2G wire will help further the development of lightweight, highly-efficient generators and motors, ideal for a multitude of industrial applications that place a high premium on energy efficiency, weight and size. The combination of benefits will provide lowest life cycle cost solutions to commercial, industrial and marine customers. The development of HTS motors also offers new access in markets like marine propulsion.
"The results of our future efforts under this joint agreement will make a significant impact on the successful commercialization of second-generation HTS rotating machinery leading to cost-effective electric motors and generators that are ultra-efficient, lighter, and substantially more power dense than those that are available today," said Joseph D. Swann, president, Rockwell Automation Power Systems. "This is a significant step forward in the continued development of the world's first commercial HTS motor and generator. We are all extremely excited about the potential of this vital energy-saving technology, as well as the total cost of ownership benefits it could provide to our customers."
SuperPower president Philip J. Pellegrino added, "This agreement validates SuperPower's continued commitment to the development and manufacture of enabling 2G HTS wire and highly engineered applied devices. We believe this collaboration will be absolutely critical to the ultimate success of superconducting rotating machines."
Pellegrino added, "We are building upon the Rockwell Automation global reputation in high-horsepower conventional motor engineering, design and manufacturing; and its acknowledged leadership in HTS motor R&D. Together with SuperPower's global leadership position in the development of commercially viable 2G wire, our expertise in electrical coil/lead fabrication and cryogenics, I believe this be a very powerful combination."
ABOUT ROCKWELL AUTOMATION
Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley(R) controls and services, Dodge(R) mechanical power transmission products, Reliance Electric(TM) motors and drives, and Rockwell Software(R) factory management software. Headquartered in Milwaukee, Wis., the company employs about 20,000 people serving customers in more than 80 countries.
ABOUT SUPERPOWER, INC.
SuperPower, Inc. (www.igc-superpower.com), a wholly owned subsidiary of Intermagnetics General Corporation (NASDAQ: IMGC), uses core capabilities in materials, cryogenics, and magnetics to develop state-of-the-art second-generation HTS wire and electric power components, such as underground transmission and distribution cables, transformers, and fault current limiters.
ABOUT INTERMAGNETICS GENERAL CORPORATION
Intermagnetics (www.intermagnetics.com) draws on the financial strength, operational excellence and technical leadership in its expanding business of Medical Technology that encompasses Magnetic Resonance Imaging Systems & Components and Patient Monitoring. Intermagnetics is also a key supplier to the markets within Instrumentation and has become a prominent participant in superconducting applications for Energy Technology. The company has a more than 30-year history as a successful developer, manufacturer and marketer of superconducting materials, high-field magnets, medical systems & components and other specialized high value-added devices.
Safe Harbor Statement: The statements contained in this press release that are not historical fact are "forward-looking statements" which involve various important assumptions, risks, uncertainties, and other factors. These include, without limitation, the assumptions, risks, and uncertainties set forth here as well as in the company's Annual Report on Form 10-K, including but not limited to, the company's ability to: (1) attract and maintain strategic partners for its HTS initiatives; (2) invest sufficient resources and receive additional external funding to continue its development efforts; (3) attract and retain the personnel necessary to achieve its objectives; (4) attain commercial acceptance for the adoption of its products and technology; (5) successfully develop commercially viable production methods, and successfully improve those methods to meet the cost-benefit ration that will be critical to making HTS technology commercially competitive; and (6) avoid the potential adverse impact on the company of emerging patents in the highly competitive energy technology field. Except for the company's continuing obligation to disclose material information under federal securities law, the company is not obligated to update its forward-looking statements even though situations may change in the future. The company qualifies all of its forward-looking statements by these cautionary statements.
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|Date:||Nov 16, 2004|
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