T r a n s a m e r i c a D e l a v a l, Research-Cottrell Form Joint V e n t u re

Research-Cottrell, Inc., Somerville, N.J., and Transamerica Delaval Inc., Princeton, N.J., have formed a joint venture to address the energy utilization markets.

The announcement was made by John E. Schork, chairman and chief executive officer of Research- Cottrell, and D.T. Bixby, president of Transamerica Delaval, a subsidiary of Transamerica Corporation, San Francisco, Calif.

The joint venture will develop and commercialize products and systems based on the two-phase turbine technology of Biphase Energy Systems, Santa Monica, Calif., one of the Research-Cottrell Energy Companies. In forming the joint venture, Transamerica Delaval paid to Research-Cottrell and contributed to the joint venture $6.5 million in cash at closing.

The Research-Cottrell / Transamerica Delaval partnership, established on a 50-50 basis, will market systems for power generation and energy u t i l i z a t i o n, particularly for geothermal waste heat, desalination, and marine propulsion applications. The venture will combine the engineering, marketing and manufacturing capabilities of Transamerica Delaval in high-speed rotating equipment with the marketing and systems engineering expertise of Research- Cottrell in e n e r g y and environmental control products and services.

Maritime Reporter Magazine, page 6, May 1980

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