NASA Awards Contracts to PowerSafe

BROOKLYN, NY /Marketwire/ -- PowerSafe Technology Inc. announced that contracts for two SBIR projects, submitted by its wholly owned subsidiary Amplification Technologies Inc. (ATI) and selected by NASA in November 2009, have been signed. Phase I of each project has a value of approximately $100,000 and is to be completed by the end of July 2010. Upon completion of each Phase I project, ATI will be eligible to seek up to an additional $600,000 in Phase II funding.

"We are extremely gratified that NASA continues to support our breakthrough near infra-red technology," said Jack Mayer, President of PowerSafe. "We are proud of our highly talented team and are now commencing work on these innovative projects, which will broaden our ongoing development of highly sensitive photodetectors for a broad range of commercial applications."

The first project is titled "Very High Gain and Low Noise Near Infrared Single Photon Counting Detectors and Arrays." The second project is titled "High Performance Negative Feedback Near Infrared Single Photon Counting Detectors & Arrays." Under these projects, new photon-counting photodetectors and photodetector arrays are to be developed to advance the state of the art in remote sensing, atmospheric sensing applications and long-range space optical communications.

About PowerSafe
Based in New York, PowerSafe Technology Inc., through its wholly owned subsidiary ATI, seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer "unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation, and homeland security." The technology has been successfully used to develop extremely sensitive detectors of low levels of light, and the company believes its detectors will be used in many existing applications, as well as open up new markets. ATI's technology is patented to encompass detection of signals other than light and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.

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