AERS-Aerius,Inc

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Aerius Qualifies for Stimulus Plan

Thursday , February 19, 2009 17:28ET

DALLAS, Feb 19, 2009 (BUSINESS WIRE) -- Aerius International, Inc. (Pink Sheets: AERS), announces the American Recovery and Reinvestment Act of 2009 signed into law February 17th by President Obama may have elements within the plan from which Aerius could qualify for funding.

Aerius CEO Bill Luxon will be in Washington the week beginning February 23rd for meetings with Aerius advisors to discuss the most effective strategy for working with the appropriate federal agencies that will determine who will gain support from the plan.

Luxon reported there are elements in the stimulus plan Aerius will target such as $50 million in grants for efforts to increase the energy efficiency of information and communications technologies.

"We qualify for such funding because carrier and FCC and CTIA certified lab tests show Aerius technology dramatically reduces handset power loss letting phones operate using less power, which increases battery life 66% and cuts battery discards in half," said Luxon.

"In addition, better wireless communication in rural America is another goal of the stimulus plan and Aerius increases cell phone coverage area more than 150% because it reduces handset power lost into users as measured in SAR, up to 99%," Luxon added.

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Word out on the street is news coming on this one after the close today!!!