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Port of LA Awards Funding for VYCON Storage Systems

Maritime Activity Reports, Inc.

January 16, 2008

VYCON a designer and manufacturer of high-speed flywheel based, environmentally friendly, energy storage systems, announced that the Port of Los Angeles (POLA) has awarded funds to three POLA operators for the purchase of VYCON REGEN systems.

VYCON, in cooperation with Yusen Terminals Inc. Marine Terminal Corporation and TraPac, applied to the Port's 2006-07 Air Quality Mitigation Incentive Program for funding to purchase and install Vycon's flywheel energy storage systems for the terminals' RTG cranes. POLA's Technical Advisory Committee approved one system for each port tenant, requesting that the systems be applied to cranes of different brands.