DULUTH, Minn., June 30, 2016 (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced today that IKONICS Precision Abrasive Machining capabilities align with NASA test results to reduce aerodynamic drag on acoustic jet engine liners.
IKONICS Corporation’s unique precision manufacturing technology is suited to implement a new technique researched by the National Aeronautics and Space Administration (NASA) that may help airplane manufacturers reduce operating costs and increase fuel efficiency.
In a new research paper published by the American Institute of Aeronautics and Astronautics, NASA concluded that aerodynamic drag from certain engine liners is reduced if the liners are perforated with slots oriented perpendicular to the airflow, increasing fuel efficiency, reducing operating costs and lessening environmental impacts.
“Most honeycomb acoustic liner perforations are robotically drilled, resulting in circular perforations,” said Bill Ulland, IKONICS CEO. “Precision Abrasive Machining technology can perforate many different geometries, including the slots specified by NASA. Our technology is proprietary and we believe it is not in use elsewhere.”
“Our AMS division is a technology leader in perforating jet engine liners for sound deadening using traditional perforation patterns,” Ulland continued. “When coupled with drag reduction identified by NASA, this could be a major advance in jet engine performance.”
Ulland said the NASA research is an exciting new development. “This is new information, and we are just now bringing it to the attention of the industry. We do not have an estimate of the acceptance rate of this technology and further testing and quantification of the benefits needs to be done.”
“AMS’s revenues have grown in the past four quarters at more than 110% over the comparable prior quarters,” he said. “We are hopeful that this new technology will further accelerate this growth.”
AMS recently moved into a new 27,300-square-foot facility to accommodate anticipated growth.
This press release contains forward-looking statements regarding the terms, subject matter and potential benefits of recent research and new uses for technologies that involve risks and uncertainties. Actual results could differ materially as a result of domestic and global economic conditions, downturns in the aerospace industry, failures in counterparty compliance, unexpected production delays, competitive market conditions, introduction of new products or technologies by competitors, as well as the factors described in the Company's Forms 10-K, and 10-Q, and other reports on file with the SEC.