Axial Vector Energy Introduces
15kw Generator / Electric Motor. DUBAI, United Arab Emirates – September 22, 2008 - Axial Vector Energy Corporation ("AVEC") (AXVC.PK) (Frankfurt: BAE1) today announces it has received final data transfer and production schematics of its 15kw Generator / Electric Motor, and is now ready to accept orders for this product segment and sign licensing agreements. These units are the world’s only “coreless” (meaning no iron) generators and motors bringing industrial size efficiency to table top and mobile platform uses. The 15kw generators and engines have a myriad of applications and are expected to encounter significant worldwide demand. For example, they provide bolt on power for ambulance, fire, police, recreation vehicles, and others that require extra power without additional consumption. The Company has identified and is forging alliances with several certified manufacturers capable of mass production. Mr. Sanjai Chhaunker, new President and CEO of Axial Vector, stated, “This marks a significant milestone for Axial Vector Energy and I am proud to head the Company at this exciting time.” He added, “The 15kw generator and can be used as both a power source and electric motor; the product is virtually maintenance free, its longevity of 40,000 hours is twice as long as its competition, and is 98% efficient compared to others at 70-75% efficiency.” Axial Vector Energy notes that additional durability testing for its 100kw Generators is ongoing and the Company is very pleased with its progress. During durability testing of the multi fuel engines it was determined that in order to meet the 40,000 hour durability goal that the pistons would need to be redesigned. The newly designed pistons are now being tested. AVEC has received notice that all finished products and technical production packages shall be finished and turned over by the end of this year. Mr. Chhaunker added, “Earlier this year, the Company accepted orders for 80 megawatts using our 200kw Genset Generators. I have spoken to all these customers and no one has cancelled their orders.” He added, “We do not pay penalties for being late to deliver this breakthrough technology. Our customers understand the tremendous anticipated benefits of this product and are waiting patiently for us to complete all durability tests before taking delivery.” Axial Vector Energy invites all interested parties to view a new comparison and efficency chart (15KW Generator General Information) For Further Information Please Contact: Axial Vector Engine Corporation
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