94-13015. Financial Assistance Award: Corwin R. Horton

[Federal Register Volume 59, Number 102 (Friday, May 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-13015]


[[Page Unknown]]

[Federal Register: May 27, 1994]


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DEPARTMENT OF ENERGY

 

Financial Assistance Award: Corwin R. Horton

AGENCY: Department of Energy.

ACTION: Notice of intent.

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SUMMARY: The U.S. Department of Energy announces that pursuant to 10 
CFR 600.6(a)(2) it is making a discretionary financial assistance award 
based on acceptance of an unsolicited application meeting the criteria 
of 10 CFR 600.14(e)(1) under Grant Number DE-FG01-94CE15546 to Corwin 
R. Horton. The proposed grant will provide funding in the estimated 
amount of $99,900 by the Department of Energy for the purpose of saving 
energy through development of ``The Hyperdynamic Hull''.

FOR FURTHER INFORMATION CONTACT: Please write the U.S. Department of 
Energy, Office of Placement and Administration, Attn: Rose Mason, HR-
531.23, 1000 Independence Avenue, SW., Washington, DC 20585.

SUPPLEMENTARY INFORMATION: The Department of Energy has determined in 
accordance with 10 CFR 600.14(f) that the unsolicited application for 
financial assistance submitted by Corwin R. Horton is meritorious based 
on the general evaluation required by 10 CFR 600.14(d) and the proposed 
project represents a unique idea that would not be eligible for 
financial assistance under a recent, current or planned solicitation. 
The market potential for this invention includes the recreational/
pleasure boat industry, which generated sales in 1992 of $10 billion 
(456,000 units). Exports generate a large portion of sales for this 
industry. The growing ferry industry, U.S. Coast Guard and military 
represent other markets. The invention should significantly improve 
fuel economy and handling, compared to existing hulls. By reducing drag 
(friction) on a vessel's hull, the invention reduces energy consumption 
by an estimated 35 percent. The principal investigator and inventor Dr. 
Harry Stanford has a patent on his invention and wide experience in 
developing the new technology. The proposed project is not eligible for 
financial assistance under a recent, current or planned solicitation 
because the funding program, the Energy Related Invention Program 
(ERIP), has been structured since its beginning in 1975 to operate 
without competitive solicitations because the authorizing legislation 
directs ERIP to provide support for worthy ideas submitted by the 
public. The program has never issued and has no plans to issue a 
competitive solicitation.
    The anticipated term of the proposed grant is 18 months from the 
date of award.

    Issued in Washington, DC on May 19, 1994.
Scott Sheffield,
Director, Headquarters Operations Division ``B'', Office of Placement 
and Administration.
[FR Doc. 94-13015 Filed 5-26-94; 8:45 am]
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