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MagneMotion Awarded Bechtel Material Handling System Contract

Acton, Massachusetts (July 9, 2004)

MagneMotion, Inc. today announced it has been awarded a contract by Bechtel BWXT Idaho, LLC to develop a proof of concept Remote Material Handling System incorporating MagneMotion’s QuickStick Linear Synchronous Motor (LSM) and control technology.

MagneMotion’s LSM solution will be integrated with a glove box transfer cart system at the Idaho National Engineering and Environmental Laboratory (INEEL). Bechtel BWXT Idaho, LLC operates INEEL for the Department of Energy. The QuickStick™ LSM and control system could enable Bechtel to decrease the likelihood of maintenance and therefore the instance of human contact with hazardous environments.

Bechtel chose MagneMotion’s LSM solution because of its unique design characteristics, its commercial availability, and its low-maintenance design. “The key to our QuickStick™ technology,” says Joe Meagher, MagneMotion’s QuickStick™ Product Manager, “is that our motor modules can reside outside of a closed environment and propel vehicles residing inside of a closed environment.”

Implementation is scheduled for October 2004. Upon successful proof-of-concept, the LSM solution may be deployed on successive iterations of the transfer cart system.

Bechtel BWXT Idaho, LLC is a subsidiary of Bechtel Group, Inc. Based in San Francisco, CA. It is the nation’s leading engineering, project management, and construction firm. Bechtel Group’s annual revenue exceeded $16 billion in 2003.

MagneMotion develops and manufactures assembly automation, material handling and transportation solutions using electromagnetic technology. Founded in 1996, MagneMotion has developed an urban maglev system in cooperation with the Federal Transit Administration. MagneMotion has also teamed with Federal Equipment Co. of Cincinnati, OH, subcontractor to Northrop Grumman Newport News, to develop an LSM-based automated weapons elevator for the U. S. Navy’s next generation aircraft carrier. MagneMotion is a privately held company.

For more information please contact MagneMotion at info@magnemotion.com.