DUBAI, United Arab Emirates, November 18 /PRNewswire/ --
- Tested Units and Complete Engineering Package Turned to Axial Early January
Axial Vector Engine Corporation (OTC Pink Sheets: AXVC; Frankfurt Symbol: BAE1) today announced the company has been informed by its Military Licensee that all prototypical systems of its workhorse engine and generator technology are scheduled to be completed by the end of 2007.
Full power systems with a minimum of 200 hours test time are set to be turned over to Axial with complete level two packages for factory development in early January.
The company is now negotiating with various factory and facility owners to bring commercial production of this technology to reality. With 50% fewer parts, this engine and generator set make a very easy transition from prototype to the production line.
The net result in the efficiency in engine design translates to a more efficient engine and generator for our customers producing on demand portable power at much lower operating costs per kilowatt-hour.
Axial Vector(TM) Engine Corporation is a publicly traded company (OTC Pink Sheets: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size.
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
CONTACT: Axial Vector Engine Corporation +1-503-471-1348 info@AxialVectorEngine.com
Axial Vector Engine Corporation, +1-503-471-1348, info@AxialVectorEngine.com