Sedro-Woolley, WA, August 12, 2010 – Janicki Industries has been awarded a competitive contract to help produce key components of an apparatus to fabricate Cold Water Pipes (CWP) for Lockheed Martin’s [NYSE: LMT] Ocean Thermal Energy Conversion (OTEC) program.

OTEC is a process that generates electricity by exploiting the temperature difference between warm surface water and deep cold water. The temperature difference is utilized to drive a Rankine cycle operating with a low boiling point working fluid. Warm surface sea water passes through a heat exchanger, vaporizing the fluid that drives a turbine generator, producing electricity. This process is free of global warming emissions and does not require any external fuel source.

The CWP is used to transport cold water from depths of 1,000m/3,300 ft. to the floating OTEC plant at the surface. The cold water condenses the exhaust vapor and allows a closed cycle. The pipes must be extremely strong, stiff, and durable to survive the wave-driven platform motions, ocean currents and pressure forces. The present work, supported under the US Dept. of Energy’s Advanced Water Power Program (AWPP), focuses on validating the fabrication approach at the 4m/13ft. diameter CWP size needed for the program’s upcoming Pilot Plant. The same technology will be applied to multiple future commercial-sized OTEC plants requiring 10m/33ft. diameter CWP’s.

Lockheed Martin’s innovative approach fabricates the pipe directly off of the OTEC platform, infusing fiberglass fabric with resin in a stepwise molding process to produce a 1,000m/3,300 ft. long seamless, low-cost CWP not requiring risky deployment operations. The sandwich-wall pipe design has been optimized to resist all of the loadings at minimum cost. Janicki Industries (JI) is fabricating several major components of the apparatus, which will then be tested at the Corporation’s facility in Sunnyvale, CA.

Janicki Industries has extensive expertise with large scale composite fabrication and infusion processes, a history of designing and producing large complex machines, and a willingness to work collaboratively with Lockheed Martin through the challenges of innovation.

About Lockheed Martin: Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2009 sales from continuing operations were $44.5 billion.

About Janicki Industries: Janicki Industries is a technical engineering company that creates composite tools, prototypes and production parts for transportation, aerospace, space and defense, marine, wind energy and other innovative markets throughout the world. For more information please visit: http://www.janicki.com.