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Synchrony Awarded USAF Contract ROANOKE , VIRGINIA, June 15, 2006—Synchrony, a Roanoke-based company specializing in the development and production of magnetic bearings, power, and control systems, announced today that it has received a $1.84 million contract from the Air Force Research Laboratory for research and development related to improving the performance and reliability of power and propulsion systems. This contract represents the first deliverable of a multi-phase program which has a maximum value of about $9.9 million. Under this program, Synchrony will develop and demonstrate “more electric” power systems that incorporate high speed magnetic bearings, motors, and generators. In these systems fluid and mechanical systems are replaced with magnetic, electrical, and electronic components. This offers improvements in performance, life, and reliability, and reduces the need for maintenance. Applications for this technology include engines that are used in aircraft, missiles, naval and marine vessels, and portable power systems. “This program allows us to accelerate our efforts in developing the enabling technologies for future engines that require no oil lubrication,” said Synchrony President Dr. Victor Iannello. “Our starter-generators and magnetic bearings are specifically designed to withstand the high speeds and temperatures of gas turbine engines. This program positions us to become the leading supplier of electrical machines, magnetic bearings, and electronics for a broad range of power systems for the aerospace and defense industries.” Congressman Bob Goodlatte said the following: "All across the nation, and right here in our own backyard, local citizens and entrepreneurs work hand in hand with the federal government to produce quality products at competitive prices. I am proud to have Synchrony, Inc. in the Sixth Congressional District and commend them for the work they will do to strengthen our national defense." Since its inception in 1993, Synchrony has developed magnetic bearings, starter-generators, and control systems for applications that require a high level of performance and integration. Recently, Synchrony was selected by Rolls-Royce to supply the starter-generator and associated electronics for a new supersonic cruise missile engine. Synchrony also develops and produces high speed motors, generators, magnetic bearings, and integrated control systems for industrial applications such as compression systems. |