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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?


To: Phil(bullrider) who wrote (3327)2/8/2000 6:42:00 PM
From: cornbread  Read Replies (1) | Respond to of 3383
 
I must say I'm disappointed in the late delivery of the engine. I will refrain from commenting on the situation with the inventor and Aussie parties since I do not know all the facts involved. If I had to grade AENGs management I would give them a "B". I think they were successful in introducing the OX2 to a variety of industries. We have the Shelby joint venture, upcoming testing at the university, partially funded by GM. They fall short in the delivery of the engine and obtaining our first contract. I understand there may have been some situations beyond their control.

As far as I know Shelby still has the vehicle and plans are still on to install a OX2. I'm not sure what the time frame is, but I'm fairly confident that it will happen.

I for one still believe in the value of the OX2 engine. Time will tell.