Printer Friendly

INTERMAGNETICS CONFIRMS SUBMISSION TO EPA OF ALTERNATIVE REFRIGERANTS FOR AIR CONDITIONING SYSTEMS

 GUILDERLAND, N.Y., Jan. 10 /PRNewswire/ -- Intermagnetics General Corporation (AMEX: IMG), in response to many inquiries following its earnings release, confirmed that on the basis of the satisfactory test results achieved so far on its family of new refrigerants -- the development of which was first announced in Nov. 1992 -- Intermagnetics has, as of last week, begun a formalized process of information and data submission to the Environmental Protection Agency (EPA). The company anticipates completing the submission in early 1994 so that EPA will act on it by mid-1994. Intermagnetics continues to believe, on the basis of its test data, research to date, and outside laboratory tests, that its FRIGC(TM) refrigerants meet all of the EPA's requirements for an environmentally acceptable CFC refrigerant replacement, although the outcome of its submission is not necessarily certain.
 Under the Federal Clean Air Act, EPA will approve for use any material offered commercially as a CFC replacement that meets EPA requirements. The EPA will begin, in early 1994, to issue on a quarterly basis, a listing of refrigerants approved under the Significant New Alternatives Policy (SNAP) Program.
 To date, HFC134a is the only currently approved alternative to existing automotive CFC's. Older cars and trucks - which currently use R12 refrigerant in their air conditioners - cannot use HFC134a without major and costly retrofitting. Intermagnetics' first FRIGC(TM) product is initially targeting this market - estimated at 120 million vehicles in the U.S.A. alone. However, except for a brief discussion of its options in a press release issued in Aug. 1993, the company has not yet made any disclosures with respect to its plans for commercialization of its FRIGC(TM) refrigerants.
 Analysis and testing of Intermagnetics' FRIGC(TM) refrigerants has been on-going throughout the last year, both in company laboratories and at independent test laboratories. The program has addressed a variety of issues including thermodynamic characteristics, flammability, material compatibility, ozone depletion, and global warming among others. The result of these tests, coupled with the company's ability to "tailor" the development of its refrigerant, has allowed a selection of the most suitable CFC direct replacement refrigerant which has been submitted for EPA approval.
 Intermagnetics (AMEX: IMG) is a leading developer and manufacturer of superconducting magnets, wire & cable as well as associated low temperature refrigeration equipment, the combination of which is especially useful in magnetic resonance imaging (MRI) systems. The company is dedicated to the advanced development and commercialization of applied superconducting and refrigeration systems, and also manufactures permanent magnet systems and material separation equipment.
 -0- 1/10/94
 /CONTACT: Colin S. Munday, 215-791-6795, or Carl H. Rosner, president, 518-456-5456, both of Intermagnetics General, or William Dunk of William Dunk Partners, 214-233-3187, for Intermagnetics General/
 (IMG)


CO: Intermagnetics General Corporation ST: New York IN: CHM AUT SU: PDT

CM-BM -- CL002 -- 0442 01/10/94 09:12 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 10, 1994
Words:469
Previous Article:CREATIVE TECHNOLOGY, LERNOUT & HAUSPIE SPEECH PRODUCTS SIGN AGREEMENT FOR MULTILINGUAL SPEECH TECHNOLOGIES
Next Article:SONIC REPORTS INCREASED FIRST QUARTER EARNINGS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters