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]
BILLING CODE 6450-01-P
Document Information
- Published:
- 05/27/1994
- Department:
- Energy Department
- Entry Type:
- Uncategorized Document
- Action:
- Notice of intent.
- Document Number:
- 94-13015
- Pages:
- 0-0 (1 pages)
- Docket Numbers:
- Federal Register: May 27, 1994