Boston, MA 04/23/2014 (wallstreetpr) – It was a commendable start for the Applied Materials, Inc. (NASDAQ:AMAT), a specialized company for manufacturing semiconductor, chips, wafers as well as integrated circuits. The company released their outstanding 1Q2014 result in the mid of February which showed an overpowering net profit margin, more than 3 times greater than the 1Q2013.
SCFCL system to fight against electrical faults:
However, the company again bagged some news on April 15, 2014. It was a declaration from the official bench that Applied Materials are done with the assembly of a ‘Super Conducting Fault Current Limiter’ or SCFCL system. This system will be installed on-grid testing at Knapps Corner Substation, which is owned and controlled by Central Hudson Gas and Electric Corp., New York. The CEO and Director, Gary E. Dickerson, stated that this SCFCL design will help Hudson Electricity grid to overcome the probable devastating cause of electrical faults.
Major companies working on the project:
The proposed innovative system will come under operation from the beginning of May 2014. The researchers of Applied Electric have teamed up with ‘New Your State Energy Research and Development Authority (NYSERDA)’, Central Hudson, SuperPower Inc., and Three C- Electrical Co. to manage the implementation skillfully and with perfection.
Prime motto:
Faulty current supply caused due to several factors can damage the whole system as well as lead to interruption of proper power supply. This destructive effect can wear out the grid components and result in a massive financial outbreak. Omkaram Nalamasu, the Chief Technology Officer of Applied Materials added in his speech that this very technology will show a significant way out to restrict such huge damage throughout the globe. However, the prime motto of this technology is to cut down the replacement expenditure by lowering down the system losses.
Applied Materials, Inc. (NASDAQ:AMAT) that received the award for Intel Corporation (NASDAQ:INTC)‘s Preferred Quality Supplier (PQS) for the performance in 2013 is expecting to register another such victorious project to launch. Let’s, cheer for the company’s outstanding contribution!
