Grant puts rocket under development of flow visualisation technology

Announcement posted by Accrutus Capital Management Pty Ltd 27 Oct 2014

One of the last recipients's of Commercialisation Australia funding program

Journalist Marc Barnbaum reports from Queensland:

"Civilian and military laboratories dealing with 'flow visualisation' in aerospace and car manufacturing yachting and sport cars racing, civil engineering and the design of ships, submarines, rockets and torpedos are potential users of a new technology."

"In his role as Honorary Chancellor of the Australian Institute of High Energetic Materials, CQ University Adjunct Senior Lecturer Dr Venelin Stamatov is the Chief Investigator for this promising new technology which has gained federal grant funding.”

“The Skills and Knowledge grant from the Department of Industry will under pin the commercialisation of a novel laser flow visualisation technique developed for imaging of flow around stationary and moving objects in aerospace, engineering and medical applications.”

“The project is near the final stages of its technical development and is planned to be patented and ready for commercialisation within six months, Dr Stamatov says.”

“The project targets the commercialisation of a new method and tool for non-intrusive laser flow diagnostics, for use in the defence, aerospace, automotive, bio-medical, ship and submarine design industries. The innovation is called Digital Particle Streak Velocimetry (DPSV).”

“Current professional methods for visualising and analysing fluid flow (Particle Image Velocimetry - PIV) are complex and expensive.”

“The PIV technology uses expensive high power pulsed lasers and specialised cameras to resolve the velocity and direction of particles in the fluid flow being analysed. The PIV units may cost above $500,000 per instrument. By comparison DPSV technology is based on significantly cheaper low-power lasers, simple cameras and orogonal real-time analysis software."

"The DPSV unit is intended to be very cost effective, easy to use and utilised in situations where no other flow diagnistic techniques may work. The product is novel patentable and there is no competition from existing manufacturers and suppliers.”

”This project involves the patenting of the method of DPSV and the algorithmfor 2-D and 3-D image processing.”

“The owner of the IP - an Australian public company 21 Century Products Limited, which trades and governs the Australian Institute of High Energetic Materials is the recipient of a Commercialisation Australia Skills and Knowledge grant funding.”

“This grant will enable the Company to engage consultant services specialised in providing advice on business planning, capital raising, patent protection, strategic market entry and commercialisation of the Digital Particle StreakVelocimetry (DPSV) technology.”

“The Company is currently listed on the Australian Small Scale Offerings Board for additional funding toward further development and marketing of the DPSVproduct to Australian and International customers.” “More information visit ww.assob.com.au/hem

Reference http://www.cqu.edu.au/cquninews/stories/general-category/grant-puts-rocket-under-development-of-flow-visualisation- technology, published on 07 July 2014.