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Advanced Electron Beams Receives U.S. Department of Energy Grant, Funds Will Enable New Technology for Manufacturing Competitiveness, Environmental Sustainability and Energy Efficiency

AEB’s Vision for ‘Green Factory of the Future’ Endorsed by Congressman John Tierney, Chuck McDermott of RockPort Capital Partner and Patrick Cloney of the Massachusetts Clean Energy Center (MassCEC)

WILMINGTON, Mass., August 30, 2010 – Advanced Electron Beams (AEB), a leading provider of electron beam technology that harnesses the power of electrons for cleaner, less expensive and more efficient manufacturing processes, unveils its plans for its recently awarded U.S. Department Energy Grant. AEB was among 48 winners of the Industrial Energy Efficiency Grand Challenge which supports companies and their efforts to “develop transformational manufacturing processes and technologies."

The funds will help AEB pursue new technologies supporting its vision for the ‘The Green Factory of the Future’. AEB will investigate energy efficient air pollution abatement technologies that use AEB’s electron beams to replace traditional energy intensive thermal oxidizers for cleaner, more efficient, lower-cost manufacturing. Specifically, this grant allows AEB to explore the use of low energy electron beams for energy efficient abatement of volatile organic compound (VOC) pollution in industrial exhaust streams. 

The Green Factory of the Future - Revolutionizing US Manufacturing
With industrial sources accounting for a large portion of air and water pollution, US manufacturers are subject to strict environmental regulations limiting their environmental footprint and sometimes requiring the use of expensive, antiquated, energy intensive pollution control technologies. At the same time, the US manufacturing sector is under enormous competitive pressure from emerging economies, which enforce much lower levels of environmental regulation as compared to the United States.

 “American industry accounts for more than 30 percent of the energy used nationwide, is responsible for 27 percent of the country's carbon emissions, and supports nearly 13 million core manufacturing jobs,” said Mitch Tyson, Chairman and CEO of AEB. “With such a large impact on the nation's economic and environmental interests, the industrial sector remains a major part of the Nation's clean energy equation.”

AEB’s solution for reducing the cost and energy consumption of industrial air pollution abatement is a prime example of the potential electron beams hold for making traditional manufacturers more sustainable and more profitable.

According to Tyson, “Industrial energy efficiency and clean manufacturing technologies could improve manufacturers’ competitiveness, environmental sustainability, and energy efficiency. The Green Factory of the Future is highly productive, highly profitable, and leaves the smallest possible environmental impact.”

Massachusetts Clean Technology – Addressing Environmental Sustainability and Economic Recovery
Boston-area business leaders, politicians, and innovators recently gathered to discuss the future of Massachusetts vibrant clean technology industry and its integral role in shaping US manufacturing. Participants included: Mitch Tyson, Chairman and CEO of AEB and a pioneer in the high-tech, clean technology and clean energy industries; Congressman John Tierney, representing the sixth district of Massachusetts; Chuck McDermott, general partner, RockPort Capital Partner, and board director, AEB; and Patrick Cloney, executive director of Massachusetts Clean Energy Center (MassCEC).

The discussion also included recognition of The DOE Industrial Energy Efficiency Grand Challenge grantees, who received a total of $13 million to fund projects designed to significantly reduce greenhouse gas emissions throughout the industrial sector, and enhance America's energy security and strengthen its economy. The funded projects will promote breakthrough achievements in the development of energy-efficient technologies and practices that will lower the energy demand of industry, open up new potential markets, and enhance the competitiveness of American business.

Supporting AEB’s grant application was Congressman Tierney who says, “To keep America competitive in an increasingly global economy, we must invest in the jobs of the future, by enabling American manufacturers’ competitiveness, environmental sustainability, and energy efficiency. Advanced Electron Beams was one of only 48 projects in the country to be awarded this funding and is a good example of an innovative technology, which will help create green jobs and revolutionize America's manufacturing industry.”

 Massachusetts – Strong Heritage of Electron Beams
AEB exemplifies how Massachusetts is contributing to clean technology innovation beyond renewable energy, smart grid, and facility efficiency technologies. Industrial energy efficiency technologies like AEB’s hold the potential to make traditional manufacturers more profitable, more environmentally sustainable, and better able to compete on a global scale. Electron beam technologies have a strong heritage in Massachusetts going back to Robert Van de Graaff’s work at Massachusetts Institute of Technology (MIT) in the 1930s.  Van de Graaff’s company, High Voltage Engineering Company (HVEC), founded in 1947 spawned many high voltage technology companies, including electron beam focused companies that in turn preceded AEB’s founding. 

Since its inception, AEB has raised over $50M of venture capital in three rounds of funding from Massachusetts-based Atlas Ventures, General Catalyst Partners, Rockport Capital Partners, Flagship Ventures, and strategic investor GE Energy Finance. With the potential to deliver electron beam enabled solutions to a wide range of industrial applications, AEB is currently commercializing solutions for energy efficient, chemical-free sterilization for pharmaceutical, medical device, and food and beverage packaging applications.

About Advanced Electron Beams
Advanced Electron Beams (AEB) enables the green factory of the future with its energy efficient, cost-saving, environmentally sustainable technology. AEB replaces traditional thermal and chemical production processes with its compact electron beam emitters that harness electrons to enable cleaner, less expensive and more efficient production. AEB’s emitters are used in common processes such as sterilization, curing, polymer treatment and pollution abatement across industries including pharmaceutical and medical device, food and beverage, printing and packaging, industrial coatings and plastics manufacturing. For more information about Wilmington, Mass,-based AEB, visit: www.aeb.com.