June 15, 2010 09:00 ET
Team LaserMotive Announces Latest Sponsors for Its Entry in the 2010 Power Beaming Competition
KENT, WA--(Marketwire - June 15, 2010) - LaserMotive, an independent R&D company specializing in laser power beaming and winner of the 2009 NASA-sponsored Power Beaming Competition, has announced its newest sponsors for its entry in the 2010 Space Elevator Games. At stake is a purse prize of up to $1.1 million.
Sponsors announced today include Zaber Technologies, a manufacturer of computer-controlled linear actuators, stages, mirror mounts, motors and other devices; Ophir Spiricon, a global leader in precision IR optics components and laser measurement equipment; and National Instruments, pioneers of virtual instrumentation for the measurement and automation industry. All three companies join LaserMotive's growing list of corporate sponsors, including industry notables such as Boeing and DILAS, for its 2010 entry in the NASA Centennial Challenge Power Beaming Competition, also known as the Space Elevator Games. LaserMotive won a purse prize of nearly $1 million in the 2009 Competition, marking the first time a company had won since the Competition's inception.
"We're pleased to announce these industry partners as sponsors of Team LaserMotive as we prepare to enter the next round of the Power Beaming Competition in 2010," said Tom Nugent, president and co-founder of LaserMotive. "Laser power beaming -- the wireless transfer of energy from one location to another using laser light -- offers tremendous potential to businesses in a wide variety of industries, ranging from alternative energy to unmanned aerial vehicles. Not only do we believe that the sponsorships will enhance the development of our entry for this year's Competition, but the technology developed can be used to further practical applications for laser power beaming, both near and long term." In May 2010, LaserMotive announced its blueprint for creating the first endless power system for unmanned aerial vehicles, based on technology LaserMotive developed for its winning entry in the 2009 Power Beaming Competition.
Headquartered in Kent, Wash., LaserMotive is a privately-held R&D company specializing in laser power beaming for commercial applications. The company was co-founded in 2006 by Dr. Jordin Kare, one of the foremost experts on laser propulsion, and Tom Nugent, former Research Director for LiftPort Group. Its industry partners include some of the leading companies in aerospace and lasers, including The Boeing Company, DILAS, MS Kennedy, 4D Optical, and In-Tec. For more information, please visit the company website at www.lasermotive.com.