Calnetix Announces the Acquisition of Elliott Energy Systems



    LOS ANGELES, Calif., Nov. 15 /CNW/ -- Calnetix, Inc., a global leader in
high efficiency electric motors and generators, today announced the
acquisition of Elliott Energy Systems, Inc. (EESI), a microturbine
manufacturer, which is located in Stuart, Florida.
    Calnetix has significant background and experience in the microturbine
business including the manufacture and supply of products to the industry for
many years. EESI is best known for its microturbine products used in
distributed power generation, combined heat and power (CHP) and offshore power
generation applications globally. Last month, Governor Charlie Crist of the
State of Florida officially recognized EESI with a distinguished award of
excellence for their work as an export manufacturer.
    This acquisition brings EESI and the microturbine business under the
umbrella of the Calnetix Group of companies which include, Vycon, which
specializes in energy storage flywheels; Direct Drive Systems, which
specializes in large motors & generators over two megawatt; TurboGenix, which
specializes in waste heat recovery to electricity systems and Calnetix, which
specializes in high efficiency motors & generator systems.
    Brad Garner Chief Operating Officer of Calnetix said: "We are pleased to
have the people and products of EESI join the Calnetix Group. We believe the
global market for new and efficient power and heat generation technologies is
poised for rapid growth. The addition of this microturbine capability to our
group is a strategic move that will enable us to provide a more complete,
value added power system solution for our global customers."
    The EESI plant in Florida will remain focused on the global microturbine
market and continue to be supported by the many people and suppliers that have
been instrumental in positioning EESI among the best microturbine
manufacturers in the world.
    Dave Dewis who has been the President of EESI in Florida will transition
to a senior management role in the Calnetix Group with specific focus on new
product and business development initiatives. Brad Garner will assume the role
as President of EESI while retaining his current position within the Calnetix
Group.
    
    About Calnetix
    
    Calnetix, a privately held high tech company based in Cerritos California
is an industry leader in energy efficient, high performance motors,
generators, magnetic bearings, and integrated drive systems. The company's
products are utilized in distributed power generation, power conditioning, gas
processing, semiconductor manufacturing, medical equipment and other
industries worldwide.
    
    About Elliott Energy Systems, Inc.
    
    Founded in 1996, Elliott Energy Systems, Inc., a wholly owned subsidiary
company of Ebara Corporation of Tokyo, Japan, is a premier manufacturer of
microturbines for use in distributed generation, combined heat and power
(CHP), and offshore applications. A UL recognized ISO 9001:2000 company. High
availability and low maintenance costs make microturbines the right choice for
medium to high capacity projects. More information about EESI can be found on
their website at http://www.elliottmicroturbines.com.




For further information:

For further information: Wendy Orman of Calnetix, Inc., +1-562-293-1660,
 fax, +1-562-293-1661, worman@calnetix.com Web Site: http://www.calnetix.com  
                http://www.elliottmicroturbines.com

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