Message #2 From:
NewsBot Date: June 28, 2006 03:00:00 AM
AGHG News Asgard Holdings Affiliate, SuperCritical Thermal Systems, Inc. is in Final Stages of Completing ``Advanced Space Oxygen System'' to NASA
ESCONDIDO, Calif.--(BUSINESS WIRE)--June 28, 2006--Asgard Holdings Inc. (Pink Sheets: AGHG) is pleased to announce its affiliate SuperCritical Thermal Systems, Inc.(STS) of Mead, CO is in the final stages of completing the ASOS project for Hamilton Sundstrand Space Systems of Windsor Locks, CT. The ASOS unit is expected to be shipped within the next day or two.
With the completion of the ASOS prototype unit, STS has expectations that it will be selected in the near future to produce several manned flight units for Hamilton Sundstrand, opening the door to other opportunities in the field of advanced and cryogenic breathing apparatus to be used in further exploration of the moon and the planet Mars.
Hamilton Sundstrand, a subsidiary of United Technologies Corporation, is among the largest global suppliers of technologically advanced aerospace and industrial products.
The company designs and manufactures aerospace systems for commercial, regional, corporate and military aircraft, and is a major supplier for international space programs. Industrial products serve industries ranging from hydrocarbon, chemical and food processing to construction and mining.
Virgil Williams, CEO of Asgard Holdings, Inc. states, "It is an honor to provide cutting-edge technology for NASA and global suppliers such as Hamilton Sundstrand. We look forward to continue building our relationships and contracts with major global suppliers of military, international space programs, HAZMAT, EMT and fire departments."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor, or visit the company website at: http://www.asgard-holdings.com.
About Asgard Holdings, Inc.:
Asgard Holdings retains fifty percent interest in Super Thermal Systems Management Group, Inc (STSM), http://www.superthermal.com. STS co-founder, Dr. Don Gier, CEO, holds a Ph.D. from Iowa State University, and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a Ph.D. in aerospace engineering. Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP (Super Critical Air Mobility Pack) was born as a self-contained breathing apparatus and cooling system suit with applications designed for fire fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.
Asgard Holdings Inc. is more than just an early stage venture capital firm, we provide the infrastructure and guidance. Asgard makes possible the achievement of your company's goals and facilitates your business to find its common ground. Asgard focuses on companies that are beyond incubator startups, giving our portfolio companies a strong resource of business intelligence from which to utilize.
Safe Harbor
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
