Thor Power ~ Efficient Electric Motor Systems

Thor Power Announces Additon of Chief Marketing Officer to Team

dtyman — Mon, 03 May 2010 19:50:32 +0000

Thor Power is pleased to announce the appointment, with immediate effect, of Denise M. Dunckley to the position of Chief Marketing Officer, Thor Power Corporation.

Denise brings over 20 years experience, to the Thor Power leadership team, as a senior level marketing executive and entrepreneur.

Denise is also the Founder and Principal of her business & marketing solutions firm, Striking Changes LLC, more information is available at www.strikingchanges.com/. Ms. Dunckley’s background and experience are detailed in Thor Power’s new Leadership Bios.

We are fortunate to have Denise bring her global experience in product/service, corporate development strategy and marketing to bear for the team at this crucial time in Thor Power Corporation’s development. Her immediate efforts will focus the company’s team efforts to successfully raise the next level of financing along with the launch of Thor’s initial product lines.

David Bonner – CEO

Thor Power 2007 annual report

tgalarza — Thu, 17 Apr 2008 19:10:59 +0000

?Thor Power 2007 annual report now available for download

?Please click link below

? THOR POWER ANNUAL REPORT 2007

U.S. Electrical consumption could be cut by 33\%

tgalarza — Thu, 28 Feb 2008 13:47:02 +0000

TREZIUM Innovation Could Cut U.S. Electrical Consumption By 33\%
Posted on: Tuesday, 30 August 2005, 12:00 CDT
The TREZIUM(R) System, introduced today by David Bonner, Chief Executive, Thor Power Corporation, cuts the electrical cost of air conditioning and other commonly-used motors almost in half. With the widespread use of the cost-effective and energy-efficient power electronics technology of the TREZIUM(R) System, the U.S. would be able to reduce its electrical energy consumption by 33\%.
The savings come from an innovative, new power solution that provides twice the power at half the weight — almost double the electric efficiency — of conventional alternating current motor systems. The application of this new technology is almost limitless, as alternating current motors are used extensively in many products and applications worldwide, including refrigerators, power tools, and dryers.
The US Department of Energy estimates that alternating current motors consume more than 65\% of the electricity produced today. The amount of energy savings possible from using the TREZIUM(R) System is equivalent to the total output of 840 fossil fuel-based power plants.
The new technology combines highly efficient rare-earth magnetic motors with electronic motor controls. This permits an electronic regulation of the motor, compared with the mechanical methods that are used today. The effect is to almost halve the use of electricity, and halve consumers’ costs.
“This is a major technological advance, particularly in the 1 to 2 kilowatt power range,” Bonner said. “And it comes at an opportune time, considering our nation’s energy and environmental needs.”
Thor Power’s patent pending electronic drives and brushless direct current motors together comprise the TREZIUM(R) system. Starting nine years ago, Bonner was the driving force behind first commercialization in Europe of the concept for power tools in the EEC. In 2002, he launched Thor Power for a world product and application.
“Today’s introduction is the culmination of that seed effort,” Bonner noted. “The current product is to a customer’s specification. With proper financing, the market could see product in early 2006.”
Thor Power’s strategic partners include:
– Ben Franklin Technology Partners of Northeastern Pennsylvania, Bethlehem – seed funding and incubator space.
– The Technology Partnership, Cambridge, England – advice on commercializing the electronics.
– National Training Center for Microelectronics, Northampton Community College, Bethlehem, PA – first production runs of the electronics.
– Electron Energy Corporation, Landisville, PA – rare-earth magnetic motor.
– Energy Research Center, Lehigh University, Bethlehem, PA – planning the reliability and durability beta testing.
Thor Power is an early-stage intellectual property company specializing in the development and capitalization of electricity efficiency motor systems up to 5 kilowatts, representing more than 80\% of the worlds’ motor requirements for fractional horsepower motors. Thor develops cutting-edge energy saving technology, and then licenses it to original equipment makers (OEM’s), develops strategic partnerships with OEM’s, and sells complete TREZIUM(R) systems to designers and developers. The company is located in the Ben Franklin Business Incubator on the Lehigh University campus in Bethlehem.

Reprinted with permission from REDNOVA

Revolutionary Electric Motor Design Cuts Energy Use in Half

tgalarza — Tue, 26 Feb 2008 21:01:21 +0000

Electric motors consume 67 percent of the energy produced in the United States, yet their fundamental technology hasn’t changed much in the past 100 years. Thor Power, a resident company in the Ben Franklin Business Incubator, is well on its way to commercializing an entirely new electric motor design that could have a dramatic impact on nearly every sector of society.

Alternating current (AC) motors are used extensively in many products, including refrigerators, air conditioners, power tools, washers, dryers and computers. The basic design, perfected in the late 1800s, involves supplying an external stator with an electrical current to produce a rotating magnetic field. This electromagnetic field spins the rotor that rests inside the stator. Such a design is only 47 percent efficient in its use of electricity, according to Dave Bonner, CEO of the Bethlehem-based company.

Thor Power’s motors, on the other hand, use highly efficient rare-earth magnets, a relatively new technology. These magnets are powerful enough to eliminate the need for electricity to generate the magnetic field that spins the rotor. This design also permits electronic regulation of the motor, compared with the mechanical methods that are used today.

Eliminating the electromagnets lowers the weight and results in a quieter, more efficient motor — 87 percent efficient, in fact. Testing has shown that the motor also lasts significantly longer than standard designs. “The typical AC motor has a life span of about 400 hours,” says Bonner. “We stopped testing ours when it reached the 2,000-hour mark with no signs of degradation.”

So what might this mean for consumers? Bonner sums it up succinctly. “Our design generates twice the power at half the weight and double the efficiency of existing electric motors,” he says. “This cuts the consumers’ operating costs by 50 percent. This is a major technological advance, particularly in the one- to two-kilowatt power range. And it comes at an opportune time, considering this country’s current energy and environmental needs.”

Bonner gives Ben Franklin Technology Partners much of the credit for getting the company ready to commercialize the intellectual property behind the motor. “Thor Power wouldn’t exist today without Ben Franklin,” he says. “It’s that simple.”

According to Bonner, “The staff at BFTP knew that we should be in their business incubator before I did.” In addition, BFTP has invested more than $400,000 in the company over the past four years and provided valuable connections and insight into the angel and venture capital world. Thor Power recently completed an “A” round of funding, bringing in $550,000 in additional money.

Bonner says the company will focus on small motors of 5 kilowatts or less, “because that’s where the bulk of the market is.” The two biggest users of electricity are refrigerators and air conditioners. The Department of Energy reports that these two products together consume 25 percent of all electricity produced in this country.

Ultimately, Thor Power doesn’t want to be in the business of producing the motors themselves, because the manufacturing infrastructure to support the efforts would be cost-prohibitive. “At heart,” Bonner says, “we’re an intellectual property company. We want to partner with different manufacturers who are already in the business of making products that use electric motors.”

Reprinted with permission from KEYnotes, the e-newsletter of the Ben Franklin Technology Partners

Thor Power ~ Efficient Electric Motor Systems

Thor Power Announces Additon of Chief Marketing Officer to Team

Thor Power 2007 annual report

U.S. Electrical consumption could be cut by 33\%

Revolutionary Electric Motor Design Cuts Energy Use in Half

Thor Power 2006 annual report available