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I´m not really an expert but is this significant? biz.yahoo.com Monday July 31, 8:58 am Eastern Time Company Press Release SOURCE: Atlantic Technology Ventures, Inc. TeraComm Research, Inc. Reports Superconducting Optical Modulator Patented Design Shows Promise for High-Speed Fiber-Optic Telecommunications NEW YORK, July 31 /PRNewswire/ -- Atlantic Technology Ventures, Inc. (Nasdaq: ATLC - news), a company engaged in developing and commercializing a diverse portfolio of patented technologies, announced today that TeraComm Research, Inc. is making the first public presentation of its patented superconducting optical modulator technology in a technical paper at the SPIE Conference on Terahertz and Gigahertz Electronics and Photonics in San Diego, CA. The paper reports that an electrical current in a thin film of the high temperature superconductor Yttrium Barium Copper Oxide (YBCO) caused the film to switch into its non-superconducting state and thereby increase the optical transmission through the film. The paper further notes that such superconducting films are known to be capable of switching between their superconducting and normal states in a picosecond. This work was a collaboration of TeraComm Research, Inc., the University of Vermont and the University of Florida and was supported by the Small Business Innovation Research (SBIR) program of the United States Ballistic Missile Defense Organization. ``These are the results that originally demonstrated to us that their technology was real,'' said Walter Glomb, Vice President of Atlantic Technology Ventures. Last May, Atlantic committed $5 million in a staged investment of development funds to TeraComm Research, Inc. ``The SBIR funding gave them a great start with the technology. Now, with support from Atlantic, they are proceeding with an accelerated product development program,'' added Mr. Glomb. The Department of Electrical Engineering and Materials Science at the University of Vermont in Burlington conducts the region's leading university research program in processing of thin film materials for microelectronics. The Condensed Matter Experiment Group in the Department of Physics at the University of Florida in Gainesville is a leader in optical and infrared studies of high temperature superconductors. The SBIR Program was established by Congress in 1982 to provide increased opportunities for small businesses to participate in R&D, to increase employment, and to improve U.S. competitiveness. SPIE (http://www.spie.org), based in Bellingham, WA, is an international technical society dedicated to promoting the engineering and scientific applications of optical, photonic, imaging and optoelectronic technologies through its education and communications programs, meetings and publication of papers accepted by its conference committees. Atlantic Technology Ventures, Inc. is a publicly held venture capital company specializing in investing in early-stage, breakthrough technologies and rapidly incubating these through a definitive proof-of-principle. Atlantic currently has four technology investments: Catarex, a device for cataract removal; CT-3, a synthetic derivative of marijuana for treating pain and inflammation; TeraComm Research, Inc.; and 2-5A Antisense Enhancing Technology. Safe Harbor Statement Cautionary statement under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements that relate to future scientific, business and financial performance. These statements are only predictions and are subject to a number of risks and uncertainties that may cause the actual events or results to differ from those discussed or implied in these statements. These risks and uncertainties include competition from other manufacturers, the unavailability of any necessary intellectual property rights possessed by third parties, and certain of those risks described in Atlantic's most recent report on Form 10-KSB with the Securities and Exchange Commission. SOURCE: Atlantic Technology Ventures, Inc. | ||||||||||||||
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