Oct. 11, 2012
/PRNewswire/ -- Millennial Research Corporation (MRC) (
), a privately held,
-based developer and manufacturer of the world's first fully modular electric motor and generator technology, today announced its engagement of Hickey Freihofner Capital, a division of Brill Securities, Inc., an investment banking firm headquartered in
New York, New York
, to provide financial advisory and related services as MRC continues to expand its capacity to fill recent orders and otherwise execute on MRC's business plan and vision.
MRC's patented Magnetronics technology is a new disruptive advance in electric motors and generators that, based on application, can reduce electricity costs associated with such motors and generators by up to 50 percent or more for electricity-centric activities ranging from compressors and driving golf carts to pumping oil and gas from the earth. The new technology not only delivers greater efficiency, power, and torque, but it is also less expensive to manufacture. The revolutionary improvements increase reliability and product life and significantly reduce the cost and complexity of repairs. In electrical generation systems, this technology can be deployed to finally serve remote areas by converting natural gas into electricity, bringing economical electricity to unserved communities and regions.
"Every electric motor and generator application in the world could benefit from our revolutionary Magnetronics technology," said
J. Darin Long
, CEO of Millennial Research Corporation. "The market is so large that significant capital is required just to start scratching the surface as we begin fulfilling the enormous, pent-up demand that has resulted from stagnant, century-old technology, coupled with growing worldwide policy aimed at reducing energy consumption through efficiency. Engaging Hickey Freihofner Capital represents a major milestone toward achieving our vision to improve energy efficiency, quality of life and economic growth worldwide."
The Magnetronics technology represents key design breakthroughs including modularity, scalability, and serviceability. With a modular, scalable design, MRC's products can self-adjust its power output to match power consumption demand and thereby require less fuel. The revolutionary improvements also yield greater reliability and product life span. Product maintenance costs are relatively low since a service technician can replace simple modular parts in the field using only hand tools. The Magnetronics technology avoids traditional complex windings that are susceptible to failure, which subsequently require great expense to ship to far away factories for overhaul.