JB, I agree, it would be nice to see the volume increase, but that will come. So far, there's been no media attention because they haven't had a press conference. Once that occurs and contracts are signed, it's likely the volume will greatly increase. I believe this will happen in the not too distant future, but not this month (read on).
There's a strong chance that one group is already considering entering into an agreement with AENG regarding the production of a motorcycle engine. Also, in the past few days, AENG has met with Outboard Marine, Mercury Marine, Caterpillar, Briggs and Stratton, NASA and others, and plans to meet with John Deer and many others in the future.
I read an interesting article that appeared in the Wall St Journal a few months back (1-5-98). The title was: "Auto Industry Reaches Surprise Consensus: It Needs New Engines." It talks about fuel cells and hybrids (electric and gasoline cars) and basically gives you the feeling that the old standby internal combustion engine is on the way out (over the next 20 - 30 years) if some radical changes aren't made to reduce emission, improve efficiency, etc.
Ford announced it would invest $420 million in an alliance to produce 100,000 cars a year fueled by fuel cells, after the year 2004. Here's a quote, "A move away from the traditional engine would send shock waves through the $1 trillion-a-year global auto industry. If the new technologies are good enough , they would make obsolete most of the world's 600 million cars and trucks, change every service station on six continents and require huge investments in new tooling." Now does this sound like an easy fix or would it be better to improve the internal combustion engine as AENG has done? Silly question!!!
Another quote, "Beyond fears of tighter government regulations of emissions, the auto industry sees a growing business case for making multibillion-dollar investments in new technologies." "GM has spent billions of dollars developing an array of clean-air technologies...."
Obviously, there's a lot of dollars being spent on cleaning up the industry. And remember, this article refers to only the auto industry. There's no mention of the marine industry, lawn mowers, motorcycles, generators, aircraft, etc, etc. The entire engine industry is facing change, BIG change. It's unlikely the introduction of the OX2 could have come at a better time.
Just FYI, the main players in this company are on their way back to Australia today. They've been in the US away from their families and other obligations for weeks and some for months. They need a break. They'll be back in approx 2 weeks to continue their efforts to make AENG a major force in the NEW engine industry. Not to fear, these guys know how to use the telephone and I'm sure they'll be deeply involved in the company everyday they're in Australia.
Best of Luck, Greg |
