MINNEAPOLIS, Jan. 6 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) formally dedicated its new Center for Energy and Aerospace Innovation (CEAI) in a recent ceremony at their Ronkonkoma, New York facility. CEAI will serve as an ATK focal point for applying the company's innovation expertise into potential breakthrough technologies for the energy industry. The CEAI is located within ATK's General Applied Science Laboratories (GASL) which is an ATK research and test facility.
The Center's long-term vision is to deliver innovative and affordable technology solutions that help to ensure reliable and environmentally friendly sources of energy. CEAI was established to explore new ways to produce clean energy, enhance production from renewable resources, and improve methods for energy storage, distribution, and delivery with minimal impact to the environment.
"ATK delivers affordable innovation to customers," said Bart Olson, Vice President and General Manager, ATK Tactical Propulsion and Controls Division. "As we look to the challenges facing our country in finding, producing and distributing renewable energy from sources that are environmentally friendly, we believe ATK can offer proven and innovative technologies as potential solutions."
The GASL facility has a 50-year heritage in developing advanced propulsion for the aerospace and defense markets. The capabilities ATK has developed for the aerospace industry have potential applications in the energy industry to address conversion, storage and mobility challenges. As an example, in the 1970's, ATK developed the concept of lean, premixed combustion for gas turbines that resulted in significant reductions in pollution emissions. In the 1980's, the Department of Energy (DOE) funded work at the GASL facility related to coal gasification. Other technology applications ATK is developing include:
- Micro power sources
- Distributed power generation from biomass and waste
- Hydrogen storage technology
- Portable and mobile electric power generating technology
- Energy harvesting and scavenging from natural sources
- Fuel reformation for clean and efficient power systems
- Fuel efficient vehicle architectures
- Synthetic fuels for aerospace vehicles
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.8 billion. News and information can be found on the Internet at www.atk.com.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: the challenges of developing next-generation energy technologies; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
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