Email: patricia.knighten@qynergy.com

May 12, 2004

Qynergy Corporation AWARDED $3.1 million contract from Air Force Research LaboratorY FOR NEW ENERGY TECHNOLOGY  

This contract will allow Qynergy to use proprietary semiconductor technology licensed from Sandia National Laboratories and the University of New Mexico to develop new power solutions for the Air Force.

Albuquerque, NM – Qynergy Corporation will continue to develop advanced energy solutions under a $3.1 million contract with the Space Vehicle Directorate of the Air Force Research Laboratory (AFRL/VS), Kirtland AFB, New Mexico.  This contract will allow Qynergy to apply advanced semiconductor material technology that Qynergy licensed from Sandia National Laboratories and the University of New Mexico for use in energy cells. These energy cells use the radiation-resistant semiconductor material in a “direct conversion concept”, that is to directly convert the energy of beta particles (electrons) into electricity. Qynergy has built prototype hardware that proves the direct conversion concept to be effective. Qynergy will use the AFRL funding to develop higher efficiency beta energy cells specifically designed to address Air Force power needs for smaller energy cells that last up to 10 and even 20 years.

 “We are extremely excited to have this opportunity to develop a new generation of advanced power system solutions, which offer the promise of a wide range of military and commercial applications.  We are looking forward to teaming with the Air Force Research Laboratory as we take our next steps forward in creating products from this home-grown technology for national and international markets.  This is truly a win-win for all of our stakeholders…employees, shareholders and the broader New Mexico based technology transfer community…as we drive to commercialize this revolutionary technology”, says Paul Shirley, Chairman of Qynergy.

According to Mike Hollis, President of Qynergy Corporation, “This contract provides an exciting opportunity to develop compact, long life power solutions to enable numerous defense, intelligence and medical applications. Our high energy density beta energy cells offer the ideal power source for many current and emerging products, such as the new generation of micro and nano scale sensors and devices.”

Rep. Heather Wilson (NM-01) has not only supported small businesses and start ups in New Mexico, but has been an active advocate for efforts that support Technology Transfer & Commercialization from research institutions such as the Dept. of Energy National Laboratories,  Air Force Research Laboratories, and our state's universities. 

"Qynergy is an example of a company that is working to leverage the state's valuable federal and state resources, bringing investment dollars into the state, and creating new jobs for New Mexicans," says Wilson. 

Several large commercial companies and other government agencies are looking forward to the outcomes of the work performed during this contract. Some have already contracted with Qynergy to leverage the AFRL/ VS work and produce specialized prototypes. The contract has two options for additional or continued technology development work with AFRL/VS.

The Qynergy Corporation, based in Albuquerque, NM, is a high technology company with core strengths in advanced semiconductor materials, energy systems and microelectronics.  For more information, see www.qynergy.com

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