Applied Science Products, Inc. Announces Award of Two Phase 1 Research Grants
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NSF Funded Research Will Apply Patented Technology to Decontaminate Fresh Produce and Extend Shelf Life
NIFA Funded Research Will Utilize Non-Thermal Plasma to Develop Clean
Method for Generating Nitrogen Fertilizer
KNOXVILLE, Tenn., Aug. 5, 2010 (GLOBE NEWSWIRE) -- Applied Science Products, Inc. ("Company") , announced today that it was awarded two phase I SBIR grants from U.S. Government agencies for projects utilizing the company's patented atmospheric plasma technology. The first grant, in the amount of $104,280 was awarded by the National Science Foundation ("NSF") to its wholly-owned subsidiary Advanced Plasma Products, Inc. and covers research into the decontamination of fresh produce with atmospheric plasma. The second grant, in the amount of $89,890 was awarded by the United States Department of Agriculture National Institute of Food and Agriculture ("NIFA") for research into sustainable nitric acid production using non-thermal plasma.
Kenneth Wood, CEO of Applied Science Products, noted that "We're very pleased with these grants which represent the first step in developing additional potential commercial products. They also demonstrate the versatility of our atmospheric plasma technology, which can be used for a wide variety of disinfection, sterilization and other commercial applications. Research under the NSF grant will apply the use of a low temperature plasma decontamination system to provide a novel means of reducing microbial populations on fresh produce. Eliminating microbial contamination can reduce food-borne illnesses and at the same time extend the shelf life of the product. Research under the NIFA grant will apply a novel approach to producing nitric acid, a key component in nitrogen fertilizer, using our proprietary plasma process to chemically activate nitrogen molecules found in air. The objective is to develop an important new clean technology for producing nitrogen fertilizer without the requirement for a natural gas feedstock, thereby reducing the agricultural impact on global warming and eliminating an important source of price volatility in agricultural products."
The Company, through its wholly-owned subsidiary, Advanced Plasma Products, also manufactures and sells a state-of-the-art air purifier, the TriClean Pro, and is completing development of a chamber disinfection product for use in pneumatic waste movement systems used in hospitals and high rise residential buildings. The TriClean Pro has been engineered to provide superior air cleaning performance in a portable unit that can be easily moved from one location to another. Its "capture and destroy" approach using the company's proprietary plasma technology will kill 99.999% of trapped bacteria and viruses, and 99.99% of hard to destroy bacterial endospore microorganisms. The TriClean Pro can provide a targeted approach to help address airborne contamination in locations such as healthcare facilities, including hospitals, doctors' offices, and nursing home/assisted living facilities, athletic locker rooms, corporate offices, day care centers, veterinary and kennel facilities, schools, hotels and motels, and mold contaminated buildings. The company's first chamber disinfection product is expected to be installed in a hospital waste movement system before the end of the current quarter for final test and performance verification.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements identified by the use of words such as should, believes, plans, goals, expects, may, will, objectives, missions, or the negative thereof, other variations thereon or comparable terminology. Such statements are based on currently available information which management has assessed but which is dynamic and subject to rapid change due to risks and uncertainties that affect our business such as the impact of competitive products and pricing, limited visibility into future product demand, slower economic growth generally, difficulties inherent in the development of complex technology, new products sufficiency, availability of capital to fund operations, research and development, fluctuations in operating results, and other risks that may be identified and detailed from time to time. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and should be considered forward looking statements. Forward looking statements involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
For further information on the TriClean Pro, please visit our Advanced Plasma Products website at www.advancedplasmaproducts.com, or call at 865-777-3776.
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