CFIC, Inc. Establishes Strategic Alliance with Praxair, Inc.

Apr 18, 2001, 01:00 ET from CFIC, Inc.

    TROY, N.Y., April 18 /PRNewswire/ -- CFIC, Inc. announced today a
 strategic manufacturing, sales, and technology alliance with Praxair, Inc.
 (NYSE:   PX), to bring CFIC's advanced cryogenic and gas compression
 technologies and products to broader markets.  Praxair is a global leader in
 the industrial gases market, serving aerospace, food and beverage, healthcare,
 semiconductor materials, steel, chemicals and refining, metal fabrication,
 water treatment, and glass-making.
     Under the newly signed agreement, Praxair will manufacture CFIC's STAR(TM)
 resonant electroacoustic drives, cryocoolers, and compressors under license,
 for use and sale by both Praxair and CFIC (under the Qdrive(TM) name).  The
 agreement is part of ongoing development of advanced refrigeration at both
 CFIC and Praxair, for both existing and emerging applications.
     "Super-cold cryogenic gases and liquids are essential to the emerging
 field of superconducting electric power systems, and critical to many existing
 industries from steel-making to chip fabs," said John Corey, President of CFIC
 and co-inventor of STAR drives.
     "Our drives are an enabling technology for microcryogenics.  In
 cryocoolers up to a few kilowatts capacity, high-reliability deep cold and
 liquefied gases become possible, on site and on demand, from standard electric
 power," said Corey.  "By allying with Praxair, a strong company with directly
 applicable manufacturing and distribution capacity, CFIC gains a two-year jump
 on alternative commercialization routes.  Praxair gains first access to this
 key new technology."
     Corey also noted that CFIC has been developing resonant devices at their
 headquarters in Troy, New York for about ten years and has the world's largest
 range of high-power electroacoustic transducers, with models from 100 to
 10,000 watts per drive.  Cryocoolers are the first commercial application, but
 work applying the drives to air-conditioning, refrigeration, and small-scale
 power generation is underway at the same facility, and will be accelerated by
 the new agreement.  CFIC's development has been supported in part by the New
 York State Energy Research and Development Authority (NYSERDA), and the new
 agreement means real returns on that investment, plus jobs in Troy and at
 Praxair's facilities in Tonawanda, NY.
     CFIC has also had a Cooperative Research and Development Agreement with
 Los Alamos National Laboratory, for prime mover applications of Los Alamos'
 advanced thermo-acoustic technologies.  Combined with CFIC drives,
 thermo-acoustics enables extremely reliable and potentially low-cost small
 power generators and coolers.  CFIC is currently has contracts to develop
 thermoacoustic-STAR cooling systems for both Army and Navy uses.
     "Distributed power generation and improved energy conversion efficiencies
 are key to the future of our economy and environment," said Dr. Greg Swift,
 chief scientist of the Los Alamos thermo-acoustics effort.  "CFIC drives make
 thermo-acoustic power conversion practical for both electricity generation and
 electrically powered cooling."
     CFIC Resonant Power technologies offer gains in performance, efficiency,
 and reliability of systems for electric microgeneration, air-conditioning, and
 refrigeration.  Because they require no lubricants or other hazardous fluids
 (like CFC refrigerants), such systems are environmentally sound.  Because they
 do not wear from use and are typically less complex to build than existing
 approaches, they offer cost savings, too.
     John Corey, company co-founder, holds more than 30 patents, mostly for
 energy conversion and conservation devices or supporting equipment, and
 consults worldwide in these fields.  Before starting CFIC, he was the lead
 design engineer for the automotive Stirling engine at Mechanical Technology,
 Inc. (Latham, NY).  Since 1987, he has been a primary product innovator for
 Comfortex Corporation (Watervliet, NY).  He is a graduate of Union College,
 MSME, and founding chairman of the Stirling Technical Committee within the
 American Society of Mechanical Engineers (ASME).  He has twice been appointed
 an ASME Distinguished Lecturer in creative problem-solving methods and
 Stirling-cycle technology.
 
     CFIC (Clever Fellows Innovation Consortium, Inc.) is a closely held New
 York corporation established in 1989, with facilities in Troy, NY.  The
 company is dedicated to commercialization of resonant power conversion using
 its proprietary drives and thermo-acoustic technology in cryogenics,
 microgeneration, refrigeration, and gas compression.  A division making
 factory automation equipment was recently sold to enhance this focus.  More
 information is at http://www.cficinc.com .
 
     Praxair is the largest industrial gas company in North and South America,
 and one of the largest worldwide, with 2000 sales of $5 billion.  The company
 produces, sells, and distributes atmospheric and process gases, and
 high-performance surface coatings.  Praxair products, services and technology
 bring productivity and environmental benefits to a wide variety of industries.
 More information on Praxair is available on the Internet at
 http://www.praxair.com .
 
     CONTACT:
     John Corey
     518-272-3565
     jcorey@cficinc.com
 
     This release was issued through DigitalWork.com - Your Business Workshop.
 For more information visit: http://www.digitalwork.com .
 
 

SOURCE CFIC, Inc.
    TROY, N.Y., April 18 /PRNewswire/ -- CFIC, Inc. announced today a
 strategic manufacturing, sales, and technology alliance with Praxair, Inc.
 (NYSE:   PX), to bring CFIC's advanced cryogenic and gas compression
 technologies and products to broader markets.  Praxair is a global leader in
 the industrial gases market, serving aerospace, food and beverage, healthcare,
 semiconductor materials, steel, chemicals and refining, metal fabrication,
 water treatment, and glass-making.
     Under the newly signed agreement, Praxair will manufacture CFIC's STAR(TM)
 resonant electroacoustic drives, cryocoolers, and compressors under license,
 for use and sale by both Praxair and CFIC (under the Qdrive(TM) name).  The
 agreement is part of ongoing development of advanced refrigeration at both
 CFIC and Praxair, for both existing and emerging applications.
     "Super-cold cryogenic gases and liquids are essential to the emerging
 field of superconducting electric power systems, and critical to many existing
 industries from steel-making to chip fabs," said John Corey, President of CFIC
 and co-inventor of STAR drives.
     "Our drives are an enabling technology for microcryogenics.  In
 cryocoolers up to a few kilowatts capacity, high-reliability deep cold and
 liquefied gases become possible, on site and on demand, from standard electric
 power," said Corey.  "By allying with Praxair, a strong company with directly
 applicable manufacturing and distribution capacity, CFIC gains a two-year jump
 on alternative commercialization routes.  Praxair gains first access to this
 key new technology."
     Corey also noted that CFIC has been developing resonant devices at their
 headquarters in Troy, New York for about ten years and has the world's largest
 range of high-power electroacoustic transducers, with models from 100 to
 10,000 watts per drive.  Cryocoolers are the first commercial application, but
 work applying the drives to air-conditioning, refrigeration, and small-scale
 power generation is underway at the same facility, and will be accelerated by
 the new agreement.  CFIC's development has been supported in part by the New
 York State Energy Research and Development Authority (NYSERDA), and the new
 agreement means real returns on that investment, plus jobs in Troy and at
 Praxair's facilities in Tonawanda, NY.
     CFIC has also had a Cooperative Research and Development Agreement with
 Los Alamos National Laboratory, for prime mover applications of Los Alamos'
 advanced thermo-acoustic technologies.  Combined with CFIC drives,
 thermo-acoustics enables extremely reliable and potentially low-cost small
 power generators and coolers.  CFIC is currently has contracts to develop
 thermoacoustic-STAR cooling systems for both Army and Navy uses.
     "Distributed power generation and improved energy conversion efficiencies
 are key to the future of our economy and environment," said Dr. Greg Swift,
 chief scientist of the Los Alamos thermo-acoustics effort.  "CFIC drives make
 thermo-acoustic power conversion practical for both electricity generation and
 electrically powered cooling."
     CFIC Resonant Power technologies offer gains in performance, efficiency,
 and reliability of systems for electric microgeneration, air-conditioning, and
 refrigeration.  Because they require no lubricants or other hazardous fluids
 (like CFC refrigerants), such systems are environmentally sound.  Because they
 do not wear from use and are typically less complex to build than existing
 approaches, they offer cost savings, too.
     John Corey, company co-founder, holds more than 30 patents, mostly for
 energy conversion and conservation devices or supporting equipment, and
 consults worldwide in these fields.  Before starting CFIC, he was the lead
 design engineer for the automotive Stirling engine at Mechanical Technology,
 Inc. (Latham, NY).  Since 1987, he has been a primary product innovator for
 Comfortex Corporation (Watervliet, NY).  He is a graduate of Union College,
 MSME, and founding chairman of the Stirling Technical Committee within the
 American Society of Mechanical Engineers (ASME).  He has twice been appointed
 an ASME Distinguished Lecturer in creative problem-solving methods and
 Stirling-cycle technology.
 
     CFIC (Clever Fellows Innovation Consortium, Inc.) is a closely held New
 York corporation established in 1989, with facilities in Troy, NY.  The
 company is dedicated to commercialization of resonant power conversion using
 its proprietary drives and thermo-acoustic technology in cryogenics,
 microgeneration, refrigeration, and gas compression.  A division making
 factory automation equipment was recently sold to enhance this focus.  More
 information is at http://www.cficinc.com .
 
     Praxair is the largest industrial gas company in North and South America,
 and one of the largest worldwide, with 2000 sales of $5 billion.  The company
 produces, sells, and distributes atmospheric and process gases, and
 high-performance surface coatings.  Praxair products, services and technology
 bring productivity and environmental benefits to a wide variety of industries.
 More information on Praxair is available on the Internet at
 http://www.praxair.com .
 
     CONTACT:
     John Corey
     518-272-3565
     jcorey@cficinc.com
 
     This release was issued through DigitalWork.com - Your Business Workshop.
 For more information visit: http://www.digitalwork.com .
 
 SOURCE  CFIC, Inc.