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Technology Stocks : AXVC - Axial Vector Engine Corporation

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From: QualityStocks3/11/2009 1:38:38 PM
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Axial Vector Energy Corp. (AXVC.PK) to Make First Customer Demonstration of Engines and Generators

Axial Vector Energy Corporation announced today that outside testing engineers have confirmed the 352 hp workhorse engine and 100kw generator are ready for customer demonstrations. Early next week, both will be demonstrated to civilian and military buyers as well as possible licensees.

According to the press release, representatives from the wind industry, trucking, power generation and other key users have accepted invitations to view the demonstrations of these breakthrough products at the testing facility in Virginia.

Mr. Sanjai Chhaunker President and CEO of AVEC commented, “This day of being able to show our running products is the milestone the company and its shareholders have been waiting for. These demonstrations also include key industry manufacturers in the engine and generator business that are eager to provide manufacturing capacity. Our products can provide jobs in the USA building cleaner, lower cost power alternatives using much less fuel whilst simultaneously providing much more power”.

Mr. Ahmed Khalifa, Chairman of AVEC added, “Having this wonderful news in the same week we have entered into our Joint Venture with Petrosonics means our company is now poised to be the world leader in two of the most troubling areas of environmental concern. Cleaner engines and power using much less fuel and the only company in the world with proven technology to remove sulphur from oil, bodes well for our shareholders and the worlds environment”.

The company also announced that a new video clip of the engine running in its test cell is now available at www.axialvectorenergy.com

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