Gas Cam Marine Engine Successfully Demonstrated In Dubai To Multi National Delegation.
August 16, 2007
Dubai, United Arab Emirates, August 16, 2007- Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today the successful demonstration of its very high torque "GAS CAM" marine boat engine.
Prospective customers for licensing and Joint Ventures were in attendance from several countries.
The company has contracted a local engine service team to interface with the different prospective clients to allow smooth transfer of the needed data from the engine performance and design features. The team of engineers, decided to test the engine in open air here in Dubai, due to the hot and humid conditions here the engine was allowed to become 'accustomed' to the harsh environment.
These factors have not altered or affected the engine's performance and the engineers were confident of the engine's suitability for this harsh environment.
Rated at 200 hp and 640 ft lbs of torque the "GAS CAM" engine is now ready for license and sale negotiations for large-scale commercial production.
The company has agreed to allow several engineering teams to conduct additional test using their own monitoring equipment and negotiations for license and / or Joint Ventures.
About Axial Vector™ Engine Corporation
Axial Vector™ Engine Corporation is a publicly traded company (OTC Bulletin Board: 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. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector™ as the engine design that will comfortably meet these challenges, and more.
Key entry markets for the Axial Vector™ engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector™ technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.
Forward-Looking Statements
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.
For Further Information Please Contact:
Samuel Higgins
Axial Vector Engine Corporation
One World Trade Center
121 SW Salmon Street, Suite 1100
Portland, OR 97204 USA
503 471-1348
Email: Samuel.Higgins@AxialVectorEngine.com
URL: www.axialvectorengine.com
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