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Technology Stocks : AXVC - Axial Vector Engine Corporation
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From: QualityStocks10/29/2008 8:09:12 PM
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Axial Vector Energy Corp. (AXVC.PK) Prepares Demonstrations for the World’s Largest Windmill Energy Producers

Today, Axial Vector Energy Corp. announced that four of the world’s largest windmill energy producers expressed strong interest in the company’s highly efficient motors for wind energy production after the company introduced the technology at the Friedland Equities Global Investment Forum earlier this week. Axial is currently scheduling these special demonstrations.

Axial Vector generators have competitive advantages over conventional solutions currently being utilized, providing higher efficiency and profitability while reducing production costs simultaneously. These state-of-the-art motors advantageously reduce the initial frictional force present in existing motors to nearly zero.

President and CEO of AVEC, Sanjai Chhaunker, stated, “The astounding features of our motor will allow the wind energy producers to generate power at a low speed of about 1 mile per hour, as against the traditionally required speeds of 8 to 16 miles per hour. This establishes effective tradeoffs between production and generation losses, and should be a big welcome for the windmill energy sector.”

The use of windmills to generate power will be in demand for years to come as natural sources of energy production continue to answer the call for long-term answers to global energy shortages. Wind energy has already taken a predominate role in this new direction, with a total value of new generating equipment installed in 2006 reaching 18 billion, or US $23 billion, according to the AXVC press release.

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