August 27, 2008

Premier Technology, Inc. And the Center for Advanced Energy Studies Announce Partnership

BLACKFOOT, Idaho, Aug. 27 /PRNewswire/ -- Premier Technology, a leading manufacturer and industrial contractor in Idaho, the U.S. and abroad, announced today it has formed a strategic partnership with the Center for Advanced Energy Studies (CAES).

CAES, based in Idaho Falls, is a public/private partnership comprised of Idaho's three public universities, private industry, and the Idaho National Laboratory (INL). Premier and CAES made the announcement after CAES staff concluded a tour of Premier's Blackfoot, Idaho facility.

Under terms of the partnership, Premier Technology and CAES will work collaboratively to enhance the effectiveness of both organizations in advancing technology-based workforce and economic development in Idaho. Specifically, the partners will:

   -- Share non-proprietary information to ensure consistent and clear      communication;   -- Identify areas of mutual interest for study and development;   -- Leverage collective capabilities for mutual benefit; and   -- Cooperate in the pursuit of external grants whenever appropriate.    

To further demonstrate its commitment to CAES and economic development in Idaho, Premier also announced it will donate a glovebox worth $60,000 that the Center will use for handling radiological materials during research projects. The glovebox, manufactured by Premier at its Blackfoot, Idaho facility, provides the highest standard of shielding in the industry.

Douglas Sayer, Premier Technology president, said, "Much of the work at Premier complements the mission of CAES. Establishing this partnership will help the Center create a core scientific capability that can be applied toward the world's energy challenges."

"Our partnership also reinforces Idaho's strong commitment to revitalizing energy and science education in the U.S., and helps address the shortage of college students entering the field of energy research such as nuclear. The Center also helps Idaho become a major economic driver in the energy industry," added Sayer.

Sayer noted that Premier Technology staff will work directly with CAES-affiliated faculty, researchers and students drawn from CAES member institutions to provide design, engineering and fabrication resources. CAES members are also expected to visit Premier's Idaho operations in Blackfoot, Pocatello and Twin Falls.

Harold S. Blackman, CAES Director, said, "We are enthusiastic about the opportunity to work with Premier Technology and its talented workforce. This partnership will help advance the pace at which the Center can transform research into action. We expect Premier's technical staff to work exceedingly well with the Center, the INL and its partner universities."

Broad Spectrum of Research

CAES traces its roots back to 2005 when the partnership was established between the Idaho National Laboratory, Boise State University, Idaho State University, and the University of Idaho.

This fall, CAES will open a new 55,000 square-foot, $17 million research facility in Idaho Falls. In the new facility, CAES will promote a broad spectrum of energy research that includes fossil, renewable and alternative energy sources, as well as environmental stewardship and a focus on the national renaissance of commercial nuclear power.

The partnership with Premier supports CAES objectives to promote sustainable energy solutions while preparing a new source of trained scientists, engineers and energy professionals. The partnership also promotes industrial engagement with the state's three public universities in close proximity to INL's key research activities and resources.

About Premier Technology

Founded in 1996, Premier is one of the fastest growing companies in Southeastern Idaho. Just over a year ago, the Company opened its new corporate headquarters which it now occupies in Blackfoot. That facility employs approximately 300 people. Premier operates an office in Twin Falls to serve its food industry customers, while the Pocatello operation is used for processing materials and large fabrication projects. The Company is currently working with the U.S. Department of Defense (DOD) and Department of Energy (DOE) on a number of high priority projects. For the DOD, Premier is providing state-of-the art equipment to support global demilitarization and non-proliferation efforts of key U.S. government agencies. The Company is also supporting key NASA prime contractors in mission-critical programs such as the new Crew Launched Vehicle, the space platform that will replace the Space Shuttle.

Premier is working with the DOE to support the cleanup of radioactive waste locations throughout the nation, as well as supporting essential non-proliferation projects that focus on creating next generation commercial nuclear fuels that cannot be used for military purposes. The Company is also working closely with industry leaders to support development and construction of facilities that produce alternative fuels aimed at reducing the nation's dependency on fossil fuels. Other products manufactured by Premier include tanks and silos, HVAC equipment, instruments and controls, structural decks, food/pharmaceutical grade piping, skid-mounted equipment, conveyors, dry handling systems, sanitary piping, ammonia cooling systems, nuclear waste handling systems, and radiation and shielding equipment.

   Contact:   Doug Sayer                     Joe M. Grillo   Premier Technology, Inc.       Nicolazzo & Associates   (208) 785-2274                 (617) 951-0000                                  jgri[email protected]  

Premier Technology, Inc.

CONTACT: Doug Sayer of Premier Technology, Inc., +1-208-785-2274; or JoeM. Grillo of Nicolazzo & Associates, +1-617-951-0000, [email protected]