American Fusion (OTC: AMFN) announced a series of corporate and technology updates, including the relocation of its operations from Midland, Texas, to the Fort Worth area, progress toward finalizing a testing agreement with Texas Tech University and the filing of seven additional U.S. patent applications related to its Texatron(TM) Fusion Engine(TM) platform. The company said its new North Texas facility is expected to consolidate engineering, fabrication, laboratory and administrative operations while supporting the continued development and commercialization of its fusion technology.
American Fusion said discussions with Texas Tech University continue regarding access to specialized testing facilities for its 5MW and 500kW Texatron(TM) Fusion Engine(TM) platforms, with management targeting the start of key testing activities as early as July if the current schedule remains on track. The company also said the seven newly filed patent applications further expand its intellectual property portfolio by describing additional concepts related to fusion confinement architecture, electromagnetic field generation and related system designs.
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