TDY breakout on news: (NYSE:TDY - news) announced today that its Energy Systems unit has completed a strategic agreement with Humboldt State University to produce, use, and sell fuel cell systems based on technology developed at the university. Humboldt's renowned Schatz Energy Research Center (SERC), directed by Dr. Peter Lehman, developed the fuel cell technology.
``There is no question that fuel cells represent the next phase of the evolutionary cycle in power generation,'' said Bamdad Bahar, general manager of Teledyne Energy Systems. ``This agreement is the result of a long and mutually beneficial relationship we have enjoyed with Dr. Peter Lehman and his team at the Schatz Energy Research Center. This proven fuel cell technology has thousands of hours of documented real-life performance in the field.''
Polymer electrolyte membrane (PEM) fuel cells are highly efficient, quiet, and clean solid-state electrochemical energy conversion devices. These devices combine hydrogen, derivable from any source, and oxygen, from air, to produce electricity and water without combustion, and with pure water as the only exhaust. Fuel cells are positioned to play a very prominent role in almost every application arena for power systems, from automobiles to laptop computers.
Teledyne Energy Systems provides commercial power system solutions within the ``micro-generation'' power range for on-site, continuous-duty, prime-power applications.
``This agreement will allow Teledyne Energy Systems to greatly expand its business base by driving down the cost for remote prime-power systems,'' said Steve Werner, vice president for Teledyne Brown Engineering. ``Teledyne Energy Systems is particularly well positioned to evolve this technology, given its 30-plus years of involvement with fuel cells.''
Bahar added, ``Dr. Lehman remains a visionary in the field of clean energy systems, directing a team of talented individuals at the forefront of this technology. More than 10 years ago he was among the first to build and operate a complete solar-hydrogen system, incorporating Teledyne's hydrogen gas-generation equipment and SERC's fuel cell technology in a remote power application.''
More recently, the Humboldt State research lab designed and produced a fuel cell generator that helps bring reliable telephone service to remote Yurok tribal lands by powering a telecommunications station on a rugged mountaintop in Redwood National Park. Lehman said this Schoolhouse Peak project has been a good test of the technology, providing critical durability data. Other fuel cell applications from SERC include a fleet of fuel cell powered vehicles in use near the city of Palm Desert, Calif., and the Stack-in-a-Box(TM), a portable power generator used for education and demonstrations.
Teledyne Energy Systems, located in Hunt Valley, Md., is a unit of Teledyne Brown Engineering, Inc., headquartered in Huntsville, Ala. Teledyne Energy Systems is a leading provider of on-site gas and power micro-generation systems. More information on Teledyne Energy Systems may be found at www.teledyneenergysystems.com. |
