Advanced Electron Beams Hosts Press Conference - Receives U.S. Department of Energy Grant with Funds Used to Improve Manufacturing Competitiveness, Environmental Sustainability, and Energy Efficiency

WILMINGTON, Mass., Aug. 2 /PRNewswire/ -- The Department of Energy recently announced the winners of the Industrial Energy Efficiency Grand Challenge. Advanced Electron Beams (AEB) was among 48 projects awarded funding to "develop transformational manufacturing processes and technologies."

WHAT: Mitch Tyson, CEO and director of AEB, along with Congressman John Tierney, and representatives from leading corporations and organizations associated with Massachusetts' vibrant and innovative clean technology industry, will host a press conference to discuss the Industrial Energy Efficiency Grand Challenge Award and AEB's use of the funds to develop energy efficient air pollution abatement technologies. This potential use of AEB's technology is a prime example of a solution that holds promise to revolutionize America's manufacturing industry by enabling the 'Factory of the Future,' which could improve manufacturers' competitiveness, environmental sustainability, and energy efficiency.

More about the Grant:  The DOE Industrial Energy Efficiency Grand Challenge grantees will receive a total of $13 million to fund projects designed to significantly reduce greenhouse gas emissions throughout the industrial sector, and enhance America's energy security and strengthen its economy. The funded projects will promote breakthrough achievements in the development of energy-efficient technologies and practices that will lower the energy demand of industry, open up new potential markets, and enhance the competitiveness of American business.

American industry's impact on the environment:  American industry accounts for more than 30 percent of the energy used nationwide, is responsible for 27 percent of the country's carbon emissions, and supports nearly 13 million core manufacturing jobs.  With such a large impact on the nation's economic and environmental interests, the industrial sector remains a major part of the Nation's clean energy equation.

AEB and the Grant:  AEB enables the green factory of the future by making sustainable manufacturing possible and profitable. AEB's compact electron beam emitters replace thermal and chemical processes for cleaner, more efficient, lower-cost manufacturing. The company will use the funds to develop energy efficient approaches to removing volatile organic compound (VOC) pollution from industrial waste streams by direct electron oxidation.  This application holds the potential to dramatically reduce costs and energy consumption compared to conventional technologies and pollution abatement technologies.

WHO: Business leaders, politicians, and innovators gather to discuss the future of clean technology in Massachusetts and its integral role in shaping American manufacturing.

Mitch Tyson, CEO and director, AEB – a pioneer in the high-tech, clean technology and clean energy industries  

Congressman John Tierney – representing the sixth district of Massachusetts

Chuck McDermott, general partner, RockPort Capital Partner, and board director, AEB - leading venture capital firm partnering with cleantech entrepreneurs around the world

Senior official from The Massachusetts Office of Energy and Environmental Affairs (Mass OEEA) – safeguarding public health from environmental threats, and preserving, protecting and enhancing the natural resources of the Commonwealth. The commitment to environmental protection recognizes the importance of energy efficiency; making renewable energy a reality in Massachusetts, and reducing dependence on fossil fuels; diversifying energy sources; and leading the country in energy technology innovation 

WHEN: Wednesday, August 11, 2010, 11 a.m. – 12 p.m.

Agenda:

10:30 – 11:00 Coffee and Breakfast, Informal discussions

11:00 – 11:10 Welcoming remarks and introduction from AEB CEO, Mitch Tyson

11:10 – 11:15 Remarks from Congressman John Tierney

11:15 – 11:20 Remarks from RockPort Capital General Partner and AEB Board Director, Chuck McDermott

11:20 – 11:25 Remarks from senior official from The Massachusetts Office of Energy and Environmental Affairs (Mass OEEA)

11:25 – 11:35 Q+A

11:35 – 12:00 Optional Tour of Facility

12:00 – 12:30 Informal follow-up Q+A with AEB business and technical staff

WHERE:  Advanced Electron Beams (AEB)

301 Ballardvale Street

Wilmington, MA 01887

REGISTRATION: The press conference is open to the media and members of the media are encouraged to RSVP. Television crews and photographers welcome and easily accommodated. Interviews in advance of the event or onsite immediately following the press conference are scheduled and confirmed by contacting Lauren Curley at 781 383 6406 or [email protected].

About Advanced Electron Beams

Advanced Electron Beams (AEB) enables the green factory of the future with its energy efficient, cost-saving, environmentally sustainable technology. AEB replaces traditional thermal and chemical production processes with its compact electron beam emitters that harness electrons to enable cleaner, less expensive and more efficient production. AEB's emitters are used in common processes such as sterilization, curing, polymer treatment and pollution abatement across industries including pharmaceutical and medical device, food and beverage, printing and packaging, industrial coatings and plastics manufacturing. For more information about Wilmington, Mass,-based AEB, visit: http://www.aeb.com/.

SOURCE Advanced Electron Beams