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Technology Stocks : JMAR Technologies(JMAR)
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To: Bilberry who wrote (4739)1/14/1998 9:19:00 PM
From: timwa  Read Replies (2) of 9695
 
>>IF JMAR CONTINUES TO BE FUNDED (AS WE HAVE HEARD), WHAT
>>DOES THIS MEAN?

I think it means that the program is transitioning over to the Navy, which will have a goal of transferring it over to industry over the next 2 to 3 years.

This info here is from a House of Rep. conference report on the NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 1998:


The House bill would authorize an increase of $6.0 million
for research in extreme ultraviolet (EUV) lithography and
fabrication of nanoelectronic structures and an increase of
$15.0 million for the transition of the x-ray lithography
program from the Defense Advanced Research Projects Agency
(DARPA) to the Navy.
The Senate amendment would authorize an increase of $23.0
million to continue the proximity x-ray lithography program
and an increase of $2.0 million to complete the point-source
x-ray lithography program in fiscal year 1998. The Senate
amendment would also decrease by $3.0 million the amount of
funding authorized in project MT-06.
The conferees agree to authorize an increase of $18.0
million for the proximity x-ray lithography program and an
increase of $2.0 million to complete the point-source x-ray
program in fiscal year 1998. The conferees also agree to
decrease by $4.0 million the amount authorized for project
MT-06.
The conferees agree to authorize an increase of $6.0
million in PE 62712E for EUV lithography as discussed
elsewhere in the Statement of Managers for the National
Defense Authorization Act for Fiscal Year 1998.
The conferees endorse the views expressed in the House
report (H. Rept. 105-132) regarding the need to ensure a
smooth transition of the proximity x-ray lithography program
from DARPA to the Navy and the private sector. The conferees
direct, therefore, that Naval Air Systems Command be
appointed executive agent for the program and that all funds
expended for research and development of proximity x-ray, and
related technologies, be coordinated through and meet the
program priorities of the Naval Air Systems Command and the
Naval Research Laboratory. The conferees urge the Navy to
coordinate research in cross-cutting technologies between the
proximity x-ray program, and related technologies, and the
DARPA sub-tenth micron advanced lithography program. The
conferees endorse the Senate report requirement (S. Rept.
105-29) that the Navy prepare and submit a plan to
expeditiously complete the transition of the program to
industry with fieldable technology. The plan must be
submitted to the congressional defense committees no later
than 180 days after the date of enactment of this Act.
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