BANGKOK, March 29--PRNewswire-AsiaNet/InfoQuest
Company to Form Partnerships With Businesses, Government and Research
Institutions to Develop Advanced Electric Propulsion Systems
in Thailand for Global Marketplace
WaveCrest Laboratories has selected Thailand as the location of the
WaveCrest Center of Excellence Asia. The company will partner with businesses,
government ministries, and academic and research institutions in Thailand to
develop, manufacture and market advanced electric propulsion and drive
systems. By working together through the Center of Excellence Asia, these
organizations will bring technology solutions for improving energy efficiency
and reducing pollution caused by harmful emissions to markets around the world.
Making the announcement Sunday at the National Science and Technology
Development Agency (NSTDA), WaveCrest President and CEO Roy Barbee said the
Center of Excellence Asia is a new concept that emphasizes partnerships for
extending technology.
"It will not simply be 'outsourcing' what exists now, but rather a
collaboration of many enterprises to continue developing new and better
technology solutions," Mr. Barbee said. "The benefits of success associated
with the Center of Excellence Asia will be enormous for Thailand."
Mr. Barbee joined Science and Technology Minister Korn Dabbaransi on the
occasion of Minister Korn's announcing the formation of an initiative by NSTDA
to promote alternative energy technology in Thailand.
"Thailand shares with many countries concern about air and noise pollution
and energy dependency," Minister Korn said. "By this initiative, Thailand
intends to establish a formidable technology capability to solve these
problems. WaveCrest Laboratories is a leading technology development company
in electric propulsion systems. We welcome their participation in this
initiative."
"Our goal is to provide Thailand with a 21st Century industry for
improving the nation's environment and quality of life," Mr. Barbee said.
"This will benefit Thailand and other nations around the world for many years
to come as advanced electric propulsion technology is used to solve the
growing problems associated with transportation-based pollution. This
technology will also help lessen the world's dependence on oil."
An important aspect of establishing the Center of Excellence Asia in
Bangkok, Mr. Barbee said, is that it will create "Thai-based solutions" for
solving pollution problems associated with vehicle emissions. WaveCrest's
electric propulsion systems will be developed, commercialized and marketed in
Thailand.
Company officials said in the coming weeks there will be further
announcements about the Center's operating structure and charter, a board of
directors that will be comprised of notable leaders from business, government
and academia, as well as the Center's first partners.
WaveCrest is currently in Thailand showcasing its technology at the 26th
Bangkok International Motor Show with its initial Thai manufacturing partners.
On display at the show is a wide range of vehicles and industrial equipment
that is environmentally friendly but does not compromise performance. The
exhibit is located in space E-4 on the Concourse Level of the Bangkok
International and Trade Centre (BITEC).
For more information about WaveCrest, visit its Web site:
http://www.wavecrestlabs.com
SOURCE WaveCrest Laboratories
CONTACT: Kelly Kocher of WaveCrest Laboratories, +1-703-435-7102, or
[email protected]
Web site: http://www.wavecrestlabs.com
--Distributed by AsiaNet (www.asianetnews.net)--