Helionetics Buy Will Fold Into New Unit : Acquisition: The Irvine manufacturer says JWP will become part of a wholly owned company called AIM Energy.

IRVINE — Helionetics Inc., a maker of power and computer equipment, said Wednesday that it will acquire the energy-saving business of JWP Inc. and will fold it into a new, wholly owned subsidiary called AIM Energy Inc.

Maxwell Malone, Helionetics’ president, said that JWP, an energy and environmental systems company in Purchase, N.Y., is turning over its business in return for installation contracts that AIM Energy will finance. Helionetics hopes to raise about $2 million for AIM Energy by selling 25% of the subsidiary in a public stock offering, Malone said.

A JWP executive will run AIM Energy. The subsidiary’s name is taken from the product it will be selling: adaptive injection mode filters. The filters are designed to reduce power-line distortion and overheating in office-building wiring.

Helionetics, which has been promoting its patented filter for more than a year, will assign AIM Energy its rights to the product, Malone said.

In late 1991, Helionetics predicted that sales of its AIM filters would be $5 million last year and $25 million this year, but nothing has been sold yet. Malone, reluctant to make new projections, said the new subsidiary will start shipping filters to customers this summer.

He said that Helionetics also is negotiating an agreement with an Emerson Electric Co. subsidiary to market the filters worldwide on a non-exclusive basis.