PowerSafe Announces Signing of Contracts With NASA for Two Small Business Innovation Research (SBIR) Projects
01 Februar 2010 - 11:59PM
Marketwired
PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today
that contracts for two SBIR projects submitted by its wholly owned
subsidiary Amplification Technologies Inc. (ATI) (www.ampti.net)
and selected by NASA in November 2009 have been signed. Phase I of
each project has a value of approximately $100,000 and is to be
completed by the end of July 2010. Upon completion of each Phase I
project, ATI will be eligible to seek up to an additional $600,000
in Phase II funding.
"We are extremely gratified that NASA continues to support our
breakthrough near infra-red technology," said Jack Mayer, President
of PowerSafe. "We are proud of our highly talented team, and are
now commencing work on these innovative projects, which will
broaden our ongoing development of highly sensitive photodetectors
for a broad range of commercial applications."
The first project is titled "Very High Gain and Low Noise Near
Infrared Single Photon Counting Detectors and Arrays." The second
project is titled "High Performance Negative Feedback Near Infrared
Single Photon Counting Detectors & Arrays." Under these
projects, new photon-counting photodetectors and photodetector
arrays are to be developed to advance the state of the art in
remote sensing, atmospheric sensing applications and long-range
space optical communications.
Further details may be found at http://sbir.nasa.gov
About PowerSafe Technology Corp. (PSFT)
Based in New York, PowerSafe Technology Inc. (www.psftinc.com),
through its wholly owned subsidiary ATI (www.ampti.net), seeks to
transform the field of low-level signal detection. The company's
patented platform semiconductor technology has the potential to
offer unparalleled and far-reaching benefits to industries such as
medical diagnostics, drug development, scientific instrumentation
and homeland security. The technology has been successfully used to
develop extremely sensitive detectors of low levels of light and
the company believes its detectors will be used in many existing
applications as well as open up new markets. ATI's technology is
patented to encompass detection of signals other than light, and
could in principle be used to create highly sensitive biological,
radiological, electrical, and chemical sensors.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of PowerSafe and Amplification.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties inherent herein and those set forth in PowerSafe's
SEC filings and such other matters as are contained therein. These
risks and uncertainties could cause actual results to differ
materially from those indicated in the forward-looking
statements.
Contact: PowerSafe Technology Corp. Jack Mayer Pres.
718-951-8021 mayer@amplificationtechnologies.com
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