Axial Vector Energy Corp. (AXVC.PK) to Sign MOU to Integrate Ultra Clean Axial Vector Engines and Generators for Public Transport
Axial Vector Energy Corporation (AVEC) announced this morning that it has been invited to sign an MOU to integrate its ultra clean Axial Vector Engines and Generators into Dubai Public Transport. RTA, which is owned by the Government of Dubai, plans and executes all public transportation systems in the emirate of Dubai. RTA is committed to providing the most technologically advanced transportation techniques while simultaneously being environmentally conscious.
The MOU forms a close relationship between AVEC and the RTA ensuring the government of Dubai will have superior technology for improving the air and further establishing Dubai’s world leadership of vision and innovation.
This new agreement will allow AVEC to deploy its technology into the public transport arena ensuring high volume penetration in a relatively short period of time into the commercial market. Additionally, the use of AVEC technologies in a public transport sector will certify that AVEC products are reliable as well as durable.
AVEC has stated its intent to provide a smaller version of its proven multi fuel “workhorse engine” and combine the engine with its ultra efficient AXIAL FLUX generators to modify all forms of transport that are deployable on a large scale, using virtually any fuel, including non fossil fuels such as palm oil, ensuring that only a negligible amount of carbon dioxide and other dangerous contaminates are released into our atmosphere.
Sanjai Chhaunker, President and CEO of AVEC, commened, “We are honored to receive this invitation to enter this MOU with RTA for deploying our state-of-the-art environmental technologies. Our ultra efficient and ultra clean technologies represents a continuation of the vision and innovation of Dubai, its rulers and business leaders and can provide a range of improvements including reduced electricity consumption, 40 % fuel savings, hybrid taxis, and other applications all environmentally sound with little or no carbon footprint.”
In the press release, the company promised that more details on deployment will be made available soon.
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