DULLES, Va. - WaveCrest Laboratories, a technology company developing and commercializing advanced electric propulsion and drive systems, has entered into a development and manufacturing agreement with Emerson Motor Technologies, a leader in the design and manufacture of electric motors. Financial terms of the agreement were not disclosed.

The agreement provides for WaveCrest and Emerson to collaborate in designing specialized electric motors and for Emerson to manufacture commercial volumes of these motors which WaveCrest will use in its new electric propulsion and drive systems for a variety of transportation and industrial products. Applications of the WaveCrest system include pumps, generators, and auxiliary power units.

"Emerson's 100-plus years of motor manufacturing, design, and process expertise are recognized globally as the gold standard for quality, reliability, and cost performance," said Roy Barbee, president and CEO of WaveCrest. "We are honored to call them our partner. This agreement will bring WaveCrest's electric propulsion systems, which offer unparalleled power and efficiency, to global markets quickly with the highest quality standards and best cost performance."

Publication date: 06/20/2005