PORTLAND, Ore., Aug. 14--PRNewswire-AsiaNet/InfoQuest
Company Files Patent Application to Protect Intellectual Property of Revolutionary Internal Combustion Engine.
Axial Vector(TM) Engine Corporation (OTC Bulletin Board: AXVC) announced today it has filed a patent application with the U.S. Patent and Trademark Office. The application is titled "Barrel-Type Internal Combustion Engine." The invention relates to an internal combustion engine that converts combustion energy into rotational energy without the use of a traditional crankshaft. The engine is lighter weight, has less moving parts and develops more low RPM torque than traditional engines. These innovative engines will be suitable replacements for existing engines in a number of industrial categories.
The engine has been designed to incorporate modern materials and technology such as piezoelectric-driven intake and exhaust valves, piezoelectric fuel injection, oil cooling only (no radiator), elimination of piston rings, self-starting capability (no conventional starter), ceramic cylinder sleeves, plasma ignition, multi-fuel operation, and more.
"The fundamental economic conditions that existed since the development of the internal combustion engine over 100 years ago no longer exist. In today's world of high fuel and oil costs, energy efficiency, weight and space are the only things that count. This patent will protect our intellectual property and build value for our shareholders," commented Dr. Raymond Brouzes, President of Axial Vector Engine Corporation.
About Axial Vector(TM) Engine Corporation
Axial Vector(TM) Engine Corporation is a publicly traded company that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are using these technologies to develop a new and exciting 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 conventional 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-efficient engines. We see the Axial Vector(TM) engine as the design that will comfortably meet these challenges and more.
Key markets for the Axial Vector (TM) engine include a number of specific military and industrial applications. Additionally we are developing a family of electric power generators (GEN SETS) incorporating our unique Axial Vector (TM) technology. The GEN SETS 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, competition, 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:
Dr. Raymond Brouzes, President
Axial Vector(TM) Engine Corporation
503-471-1348
[email protected]
http://www.axialvectorengine.com
Dan Wernecke
Investor Relations
Aurelius Consulting Group,
407-644-4256
[email protected]
SOURCE Axial Vector(TM) Engine Corporation
CONTACT: Dr. Raymond Brouzes, President of Axial Vector(TM) Engine
Corporation, +1-503-471-1348, [email protected]; or Investor
Relations, Dan Wernecke of Aurelius Consulting Group, +1-407-644-4256,
[email protected]
Web site: http://www.axialvectorengine.com
(AXVC)
--Distributed by AsiaNet (www.asianetnews.net)--