APPLIED ENERGY PTY LTD - Australia

Applied Energy was established in 2006 as a Company limited by shares to develop, market and manufacture products utilising a patent for Self Adjusting Spring Applied Multi Plate Wet Brakes and Caliper Brakes. The company operates from a 400m^2 premises and has manufacturing and test facilities. Applied Energy employs 1 Engineer, a receptionist, 3 machinist / fitters as well as one Service Engineer. The development Brake Units have been in Service for over 5 years and are functioning well. Since starting the Company has sold $420, 000 of product and expects to sell $1m in the next 12 months.