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Technology Stocks : Intermagnetics (IMG) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Thomas who wrote (3090)	6/3/1999 11:25:00 PM
From: Gregg	Respond to of 3448

Here's your "WISH" Good Luck Everyone! Remember this release ? The technology talked about in this release has been in test production for over a year now. I would think we should be hearing something about it soon. Company Press Release SOURCE: Intermagnetics General Corporation Intermagnetics General Receives Contract to Demonstrate Super-Cooling to Significantly Speed Up Computer Chips LATHAM, N.Y., Nov. 10, 1997 /PRNewswire/ -- Intermagnetics General Corporation (Amex: IMG - news) today announced it has been awarded a contract from an agency of the federal government to develop and confirm the feasibility of a cryogenic cooling system that could as much as double the speed of computer chips. Intermagnetics' ultimate goal is to develop a commercial product adaptable for high-end work stations and servers such as those used on the Worldwide Web as well as for wide-area networks. Systems with twice the computational speed are also expected to benefit the U.S. Military, where faster processors provide significant advantages. Under the almost $500,000 contract awarded by the U.S. Defense Advanced Research Project Agency, a team of researchers from Intermagnetics' Technology Development Operations, its APD Cryogenics Inc. subsidiary and Rensselaer Polytechnic Institute will work together closely to develop a compact cryocooled package that will remove heat from processors to reduce their operating temperatures. That would enable present and future computers to perform at significantly faster speeds. IBM will supplement the team's effort by providing engineering and system support. Based upon earlier successful feasibility demonstrations, the goal of this program is to develop and test the performance of cryogenically cooled, multi- processor based, super-efficient servers and workstations that utilize complementary metal oxide semiconductor (CMOS) technology. ''This contract will enable Intermagnetics to accelerate the development and demonstration towards potential commercialization of a practical and important chip-cooling device that would be based upon our unique and cost- effective closed cycle refrigerator technology,'' said Carl H. Rosner, chairman and CEO of Intermagnetics. ''Hence, this is an important program for us.'' IBM was quoted in ''The Wall Street Journal'' July 31 as indicating that cooling of microprocessors to low temperatures using closed-cycle refrigerators may allow a significant increase in the performance of a microprocessor. This would be an important advance for high-end workstations, used by industry and many government installations. Intermagnetics General Corporations is recognized as a world leader in the development and manufacture of refrigeration, cryogenic and superconducting systems. For this program, Intermagnetics will provide state-of-the-art component, system, and packaging development expertise relating to cooling and packaging. Rensselaer's Center for Integrated Electronics and Electronics Manufacturing is well known for the design of CMOS and multichip modules. Rensselaer professor Ken Rose will participate in the program to provide analytical support and system-level design trade-off studies. IBM will participate as an end user and provide specifications and system test capability. Intermagnetics (Amex: IMG - news) is a leading developer and manufacturer of low- temperature (LTS) and high-temperature (HTS) superconducting magnets, wire and cable, and associated low-temperature refrigeration equipment, the combination of which is essential to successful application of superconductivity such as Magnetic Resonance Imaging (MRI). The Company is dedicated to the development and commercialization of applied superconductivity and refrigeration systems. The Company also supplies permanent magnet systems, materials separation equipment and FRIGC(R) refrigerants as replacements for ozone-depleting refrigerants. SOURCE: Intermagnetics General Corporation