Aero Marine Engine and Perma-Tune Electronics Announce Meetings with Foreign Engineering Firms to Discuss Oil Field Applications
RONKONKOMA, N.Y., Nov 14, 2003 (BUSINESS WIRE) -- Aero Marine Engine, Inc., (OTCBB:ARMR) and Perma-Tune Electronics, Inc. (OTCBB:PTUN) jointly announced today that they have been invited to meet with representatives of several consulting and engineering firms in the Middle East in December. They plan to showcase the revolutionary Dyna-Cam Engine and advanced Plasma Ignition System, and explore their applications for electrical generation in oil fields by burning oil well waste gases.
Representatives have worked closely with engineering firms with offices in Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates in an attempt to determine the feasibility of these products currently being developed for the oil industry. After numerous discussions, the applicable use of Perma-Tune and Dyna-Cam products in the Middle East markets, appears to be valid. A representative from the Company will travel to the Middle East in December.
The revolutionary Dyna-Cam engine has been shown to provide the exceptionally high torque output that is required for electrical power generation. Perma-Tune's Chief Scientist stated, "The problems presented by burning waste gas from oil wells are similar to our findings while researching Dyna Cam's adaptability for burning diesel fuel. Currently these oil well waste gases are burned in large, open flames with the resulting smoke and hazardous waste by-products being released directly into the atmosphere. Burning these gasses in an engine is much less detrimental to the environment due to the fact that the engine will burn these gasses more efficiently and completely, while at the same time generating electrical power."
Perma-Tune Electronics will be showcasing its advanced Plasma Ignition System. The Plasma System has already been tested and is currently operational in oil field applications. Additionally, the venture partners are exploring the feasibility of forming an alliance in order to directly market these products throughout the region.
About Aero Marine Engine, Inc.
The Dyna-Cam engine is an internal combustion engine where the pistons drive a cam to generate power to the main shaft. The main shaft is in a parallel direction to piston movement, without connecting rods or crankshaft. The engine has approximately 40% fewer moving parts than a conventional internal combustion engine, has a greater power to weight ratio, produces high torque at low rpm, operates with less vibration, and is lighter than the competition. Additional information on Aero Marine can be found at www.aeromarineengine.com.
About Perma-Tune Electronics, Inc.
The Company designs and manufactures high-energy electronic ignition systems for street vehicles, race cars, scientific and industrial applications, space and aviation applications, as well as clean-burning alternative fuel applications. Perma-Tune sells to a well-established network of wholesale distributors. Additional information can be found at www.perma-tune.com.
SOURCE: Aero Marine Engine, Inc. and Perma-Tune Electronics, Inc.
Investor Contact for Aero Marine Engine, Inc.
FOCUS Partners LLC
David Zazoff, 212-752-9445
ARMR@focuspartners.com
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