COORS AND NREL SIGN RESEARCH AGREEMENT
COORS AND NREL SIGN RESEARCH AGREEMENT GOLDEN, Colo., June 10 /PRNewswire/ -- Energy Secretary James D.
Watkins and Joe Coors Jr., chairman and chief executive officer, Coors Ceramics Co., today signed a cooperative research and development agreement valued at $2.7 million.
The agreement enables Coors Ceramics Co. and the National Renewable Energy Laboratory (NREL) of Golden to experiment with the manufacture of silicon carbide powder through the use of a solar powered furnace. Coors signed a similar agreement with the Department of Energy and Oak Ridge National Laboratory of Tennessee last February and already has seen positive results from that effort. Coors is the largest manufacturer of technical ceramics in the United States with 12 domestic plants. Coors uses ceramic silicon carbide powders for a variety of industrial and commercial applications, such as fluid handling seals and paper making machine components operating in highly corrosive, high wear environments. Coors Ceramics, whose main competitors are in Japan, Britain and France, currently imports most of the needed silicon carbide powders from offshore sources. Through domestic production of silicon carbide, the company hopes to cut imports and costs and expand its markets to additional engine applications while strengthening its competitive position in international markets. Under the terms of the agreement, NREL will experiment with manufacturing the powders using the lab's high-flux solar furnace configuration of sophisticated mirrors designed to concentrate and focus sunlight onto a small area. This process uses less energy than conventional methods and could greatly reduce Coors' cost for manufacturing the powders. "I am excited about the opportunities this agreement creates for the company, " said Joe Coors Jr. "Our commitment to discovering new technology and expanding domestic production is strengthened by this and the Oak Ridge agreement. "Coors Ceramics offers a high commitment to quality and more than 70 years of experience in the ceramics business," Coors said. Research costs for the agreement will be shared between Coors and the Department of Energy. -0- 6/10/92 /CONTACT: Joe Fuentes and Jim Holm both of Coors Ceramics Co., 800-525-3786/ CO: Coors Ceramics Co. ST: Colorado IN: FOD SU:
BB-MC -- DV007 -- 9036 06/10/92 18:54 EDT
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|Date:||Jun 10, 1992|
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