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Future Market Developments 

The following future developments offer additional potential revenue sources and diversify from the existing patented technology.  Such developments will ensure the long-term viability of AGT beyond the expiration of the present patent by reaffirming its leadership position in the energy efficiency field.

Additional battery chemistries, such as lithium-ion, will be tested with AGT’s ultrasonic technology to confirm the benefits provided to lead-acid batteries.  Confirmation of this applicability will provide significant potential market opportunities for consumer electronics, a rapidly growing battery market that depends primarily on lithium-ion rechargeable batteries.  Lithium-ion represents the fastest growing secondary battery market, expected to reach $1.5 billion by 2007.

The recent commercialization of fuel cells offers another potential application of AGT’s ultrasonic energy.  Fuel cells operate similar to batteries, generating electricity through an electrochemical conversion process.  This conversion process will be investigated in the laboratory to determine its reaction to ultrasonic energy.  With a global market of $375 million and projected to grow to $2.6 billion by 2009, fuel cells offer a significant potential market.  With price per installed kW being a limiting factor for widespread adoption of fuel cells, this market would be very receptive to efficiency gains and electrochemical component cost reductions.

An additional future development area is customized power conditioning solutions based on active ultrasonic controls to modify battery impedance to optimize electrical performance.  Specific applications for this technology include rapid battery chargers, back-up uninterruptible power supplies, and stand-alone and grid-connected generating systems that use battery storage (such as wind and solar).  With strained electricity supplies worldwide, questionable grid reliability, and increased awareness of energy supply security, it is expected that distributed electrical systems and their resulting need for power-conditioning equipment will increase significantly.  Annual commercial electricity expenditures of $69 billion and residential electricity expenditures of $100 billion highlight the extent of this potential market.