Source: Millennial Research Corp
TULSA, Okla., June 10, 2013 (GLOBE NEWSWIRE) -- Millennial Research Corporation (MRC) (www.millennialresearchcorp.com), a privately held, Tulsa, Oklahoma-based developer and manufacturer of the first fully modular electric motor and generator technology, today announced it has officially begun to ship its revolutionary generators to fill current orders and execute on MRC's business plan and vision.
MRC's patented Magnetronics technology is a new disruptive advance in electric generators. The value proposition of a modular generator enables outstanding platform flexibility in terms of scale and customization for demanding user applications. The modularity benefits are matched by operating efficiencies that, in certain applications, can significantly reduce electricity costs associated with driving electric motors and pumps.
The groundbreaking Magnetronics technology avoids traditional complex windings and brushes that are susceptible to failure. These robust improvements yield greater reliability and product life span.
Another industry first is that maintenance and repair costs, compared to traditional generators, are relatively low since a service technician can replace simple modular parts in the field using only hand tools.
"Our first evaluation units started making their way into customer hands in May and production will be measured and continuous going forward. This marks the beginning of a whole new class of generator offering with value propositions never before enjoyed in the market. Everyone is concerned with serviceability, scalability and efficiency. The market critical value propositions we now deliver will allow our company to redefine the generator segment and completely reframe the market-scape," said J. Darin Long, CEO of Millennial Research Corporation.
MRC's advanced control and monitoring systems are another industry improvement that allow for string-able, turn-key solutions that can match demand or "load follow" by intelligently adjusting fuel consumption and electricity output to match electricity demand.
"Our first fully integrated and micro-grid scalable natural gas generator packages are driven by industrial natural gas powered engines made by Arrow Engine (a subsidiary of TriMas Corporation (Nasdaq:TRS) (www.arrowengine.com))," stated Michael McDaniels, Chief Technology Officer of Millennial Research Corporation.
"These bullet proof and easily field serviceable Arrow platforms are combined with MRC's intelligent control systems and robust modular generator heads giving our customers unprecedented performance, serviceability, and efficiency. Whether you want to burn flare gas to recover usable kilowatts, deploy a micro-grid, provide co-generation, or power industrial pumps and fans, we have your solution. Our solution delivers load-following to limit fuel waste in reduced demand situations. Now you can potentially turn a cost center into a profit center," continued Mr. McDaniels.
About Millennial Research Corp.
Millennial Research Corp. (MRC) is the developer of Magnetronics(TM), a patented, modular electric motor/generator technology. For additional information concerning MRC please visit www.millennialresearchcorp.com.
Millennial Research Corporation is including the following cautionary statement in this corporate release to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of, the Company. Forward-looking statements include statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. From time to time, the Company may publish or otherwise make available forward-looking statements of this nature. All such subsequent forward-looking statements, whether written or oral and whether made by or on behalf of the Company, are also expressly qualified by these cautionary statements. Certain statements contained herein, including, without limitation, those that are identified by the use of the words "anticipates," "estimates," "expects," "forecasts," "intends," "plans," "predicts," "projects," "believes," "seeks," "will," "may" and similar expressions, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished.
TECHNICAL AND SALES CONTACT: Millennial Research Corp: FINANCIAL INFORMATION CONTACT: Hickey Freihofner Capital www.hfcap.com
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