PowerSafe Technology Corp. (PSFT)
PowerSafe Technology, thru our wholly owned subsidiary Amplification Technologies (ATI), (www.ampti.net) seeks to transform the field of low-level signal detection. ATI’s patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, scientific instrumentation, surveillance/monitoring , 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. Over $9 million has been invested in ATI to date. In addition, ATI has received over $800,000 in government grants.
In April ’10 ATI signed a contract with Lockheed Martin that will provide ATI funding to demonstrate the feasibility of certain improvements to its detectors. We strongly believe that we will successfully demonstrate feasibility resulting in a much more extensive program to develop and produce devices for Lockheed Martin. We are expecting similar projects with other entities that have evaluated our devices and are also optimistic that this project will lead to work with Lockheed Martin on additional projects.
In general, the introduction of semiconductor chips has revolutionized technology. One area of technology which to this day primarily uses vacuum tubes is highly sensitive photodetection. Sensitive photodetectors are essential components of numerous commercial products in markets such as medical imaging, scientific instrumentation and security/defense. ATI’s scientists have invented and patented an extremely sensitive semiconductor technology that we believe has significant performance and cost advantages over traditional vacuum tube technology, and that is positioned as a next generation solid state technology for low level light detection.
ATI’s platform semiconductor technology allows for amplification with very low noise of weak signals generally. Over time the technology has the potential to introduce transformational changes in a multitude of industries.
Initially ATI developed its technology on silicon, the semiconductor material generally used to detect visible light. In connection with of a NASA phase II SBIR grant, the company successfully extended its technology into the near infrared (NIR) spectrum, using an InGaAs/InP material, and developed the world’s best performing high gain solid state photomultiplier for NIR wavelengths of 1000-1700 nm. In 2009, ATI began marketing and shipping NIR prototypes, and to a much lesser extent silicon based prototypes. The devices have generated considerable interest among both commercial and governmental entities. In January ’10 we were awarded two additional NASA SBIR grants to extend our NIR technology even further. We believe that we will obtain yet more government funding this year to expand our work. We also anticipate completing a run of silicon devices in 4Q10 that will be commercial quality and have the potential to be market leaders in their space.
- PowerSafe Technology Signs Contract With Lockheed Martin - April 20, 2010
- Powersafe's Amplification Technologies Announces Distribution Agreement for Israel - March 15, 2010
- PowerSafe Announces Signing of Contracts With NASA for Two Small Business Innovation Research (SBIR) Projects - February 1, 2010
- Powersafe’s Amplification Technologies and BFi OPTiLAS Announce Mutually Exclusive Distribution Agreement for Europe - December 7, 2009
- POWERSAFE ANNOUNCES ITS SELECTION BY NASA FOR TWO SMALL BUSINESS INNOVATION RESEARCH PROJECTS - November 24, 2009
- POWERSAFE’S AMPLIFICATION TECHNOLOGIES SUBSIDIARY ANNOUNCES HIGHER PERFORMANCE THERMOELECTRICALLY COOLED SINGLE PHOTON COUNTING SOLID STATE PHOTODETECTORS - Oct 27, 2009.
- AMPLIFICATION TECHNOLOGIES COMMENCES SHIPMENT OF NEW INGAAS SOLID STATE PHOTOMULTIPLIERS - July 14, 2009
- MIKHAIL LEIBOV JOINS POWERSAFE TECHNOLOGY BOARD OF DIRECTORS - Telecommunications Entrepreneur Brings Wealth of International and Technology Business Experience – April 2, 2009
- POWERSAFE TECHNOLOGY ANNOUNCES COMPLETION OF MERGER WITH
AMPLIFICATION TECHNOLOGIES – FEBRUARY 18, 2009
- PowerSafe Technology Corp. Announces Effective Date of Reverse Split and New Stock Symbol - October 3rd, 2008
- PowerSafe Technology Corp. announces reverse split - September 26th, 2008
- Amplification Technologies unveils world's top performing solid state photomultiplier in near infrared wavelength range - August 26th, 2008
- Amplification Technologies unveils breakthrough in highly sensitive semiconductor photon detectors and first commercial product - June 25th, 2008
- Dr. Samuel Zentman joins PowerSafe Technology board of directors - June 19th, 2008
- PowerSafe Technology Corp. to be Spotlighted in QualityStocks Daily - May 19th, 2008
Company Officers Jack Mayer, Dir., President, Treasurer
Dr. Samuel Zentman, Dir., Secretary
Reporting Standard U.S. Registered & Reporting: SEC Filer
Fiscal Year End 12/31
Estimated Market Cap $8,256,430 as of May 17, 2010
Outstanding Shares 9,073,000 as of Oct 27, 2009
Nevada Agency and Transfer Company
50 W. Liberty St.
Reno, NV 89501
Powersafe Technology Corp.
1400 Coney Island Avenue
Brooklyn, NY 11230