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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (2372)	12/21/1998 4:11:00 AM
From: Shumway	Read Replies (2) \| Respond to of 3458

Turbodyne Develops Electronic Modules with International Rectifier WOODLAND HILLS, Calif.--(BUSINESS WIRE)--December 21, 1998--Turbodyne Technologies Inc. (Nasdaq:TRBD, Easdaq:TRBD) announced today that early production units of the new generation of Turbodyne's Electronic Controller Modules "ECM" have successfully met and exceeded the original design objectives for performance, cost effectiveness and reliability and are being shipped for pilot installation of OEM applications in Europe and aftermarket applications in the United States and France. The new generation "ECM" which are manufactured by Turbodyne at the Carpinteria, Ca. facility utilize power semiconductor arrays based on a Turbodyne patent and have been jointly developed by Turbodyne's electronics laboratory and international Rectifier Corporation, the oldest dedicated semiconductor manufacturer and major supplier of semiconductors worldwide. International Rectifier Corporation is the sole supplier of Power Mosfet Arrays to Turbodyne under the joint contract. Power semiconductors or Mosfets are widely used throughout the electronics and computer industries for power supply. This addition to Turbodyne's technology, protected by the new patent "Current-sensing Mosfets in paralleled Mosfet Power Circuit," was invented and developed by Mr. David Willett while Turbodyne's Vice President for Electronic Power Systems. Mr. Willett, who has been recently promoted to the position of Senior Vice President and Chief Engineer, commented, "This new Turbodyne technology opens a wide-ranging and significant window of opportunity for new applications and utilization of power semiconductors by offering reduced size, complexity and cost as well as vastly improved reliability of power semiconductor arrays particularly in the rugged automotive applications." Turbodyne and International Rectifier Corporation are currently working on other applications of the new technology under a joint development contract, and Turbodyne has agreed to the licensing of the technology for other applications of power semiconductors. Turbodyne's "ECM" converts the low voltage direct current electric power available in cars and trucks to high frequency three phase electricity at high efficiencies which powers the brushless electric motors utilized by Turbodyne in high speed turbo-compressors incorporated in the Turbopac(TM) and Dynacharger(TM) product lines. Although power semiconductors have wide-ranging applications in computer and electronics industries, one significant new market is in the automotive industry, where over one billion brush-type electric motors are used worldwide every year. The power semiconductor eliminates the brushes in the electric motors and Turbodyne's new technology enables instantaneous and continuous monitoring and control of the load and current in the electric motors. The ability to competitively manufacture a reliable and cost effective electric motor which is also lighter and significantly more efficient than a traditional brush-type motor with its limited life particularly in the competitive electronics and automotive industries is an enabling development which Turbodyne intends to capitalize on through cooperation with International Rectifier Corporation. Turbodyne's worldwideweb address is: www.turbodyne.com Except for the historical information contained in this news release, the matters discussed herein include forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ from those indicted in the forward-looking statements are the availability and acceptance of the Turbodyne products; the impact of competitive products and pricing; the performance by the company under existing purchase contracts and the ability to obtain new contracts, the ability of the company to contain expenses, conditions within the global automotive market, general economic conditions and political changes both domestically and overseas and other factors detailed from time to time in the company's SEC reports, including its 1997 Form 20-F.