Calnetix Awarded Small Business Technology Transfer Program from the United States NAVY

January 21, 2004

Cerritos, Calif. – January 21, 2004 – Calnetix was awarded Phase I of a Small Business Technology Transfer (STTR) program offered by the United States NAVY. This particular program is to investigate the possibility of using Calnetix’s advanced flywheel energy storage systems in naval applications. Applications of interest range from 500kW on-board power backups to 120MW power sources for the aircraft launch assist systems. The need for the on-board electrical energy storage continuously increases reflecting the latest trends towards all-electric ships. Proposed technical solutions are based around existing proven technologies including 125kW flywheel developed for commercial UPS and power conditioning units and 2MW turbogenerator developed for the NAVY. Close similarities between many NAVY and commercial applications have been already found, leading to new opportunities for mutually beneficial collaboration.

About Calnetix, Inc.

Calnetix, a privately held high tech company based in California, USA, is the global leader in high speed motors, generators, magnetic bearings, and integrated magnetic drive systems. The company’s products are utilized in distributed power generation, power conditioning, gas processing, semiconductor manufacturing, automotive, medical equipment and other industries worldwide. In addition, Calnetix is an exclusive supplier of proprietary permanent magnet & motors/generators and magnetic bearings for Vycon Inc.- a company specializing in manufacturing and distribution of flywheel-based UPS systems.

About Texas A&M - Advanced Elelctric Machines and Power Electronics (EMPE) Laboratoy

Texas A&M - EMPE laboratory is one of the premeir laboratories in power electronics and motors drives in the world and a major source of US manpower in electric machines and power electonics in the nation. They have the necessary infrastructure for successfully performing Phase 1 and Phase 2 of the project.They have extensive expeience with converter-based electromechanical systems. They have published two books, 220 papers, and eight issued or pending patents.

About NAVY SBIR/STTR Programs

The Navy’s SBIR/STTR Program is primarily a mission oriented program providing companies the opportunity become part of the national technology base that can feed both the military and private sectors of the nation. To that end the Navy incorporates into its Phase II component the emphasis on the small business need to market its technology to both military and private sectors. To learn more about Navy SBIR/STTR programs visit http://www.navysbir.com.