MOU Signed To Test Mobile Water and Electricity System on Dubai “World Island”
January 15, 2008
Dubai, United Arab Emirates – January 15, 2008, Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced today that the company has signed an MOU to test and demonstrate its Multi Fuel Power and Water system using the AVEC 200 KW GENSET.
"Nakheel", (http://www.nakheel.com/) the master developer of the "World Islands" project completed the breakwater last week opening this project to go forward.
AVEC's 200 KW finished unit will be shown at the WETEX water and energy conference in Dubai on March 11-13. It will then be deployed to the island and will be demonstrated to prospective customers who wish to order mobile power and water systems, which can produce electricity and potable water for a fraction of the price of conventional systems.
Ahmed Khalifa, Acting CEO stated, "By 2010 80 % of the world's population will live within 100 kilometers of the sea. Our ability to 'join' up to five units, creating one megawatt of on demand low cost power, deliverable anywhere using the first true multi-fuel system and able to provide "off peak" water production for as little as $0.03 per gallon represents the type of technology that AVEC is investing in and the world needs. We will now be bringing the largest and the best developers and investors of the Gulf Region to view the future of offshore development."
To find out more about the importance of very low pollution power and water production on "sea based" applications go to www.thinkblue.ae
For Further Information Please Contact:
Axial Vector Engine Corporation
503-471-1348
avec@emiratescapital.net
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