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

To: Rainy_Day_Woman who wrote (3335)	5/4/2000 4:52:00 PM
From: cornbread	Read Replies (1) \| Respond to of 3383

May 2000 Advanced Engine Technologies, Inc. (AET) Announces Delivery of Lightweight Internal Combustion Engine Los Angeles - Advanced Engine Technologies, Inc. (AET) has announced the delivery of a newly manufactured prototype OX2 engine to the University of California Riverside. Bourns College of Engineering, Center for Environmental Research and Technology (CE-CERT). The engine was built by Stephen Manthey and Advanced Engine Technology Pty. of Australia. The University is securing and establishing its testing and evaluation process. Dyno testing is scheduled to begin in June 2000. As the engine evaluation process proceeds, announcements by AET will be forthcoming. AET has also announced that world renowned expert, Dr. Roberta Nichols will represent the company in connection with the evaluation and testing of the engine at CE-CERT. The founding Director of CE-CERT is Dr. Joseph Norbeck. Drs. Nichols and Norbeck will be in charge of the OX2 Engine Development Program and will handle the coordination of all engineering and/or project development matters. Listed alphabetically, AET's Board of Directors includes Mr. Murray Bailey, Mr. Noel Holmes, Mr. George Hunt, Ms. Alexandria Phillips and Mr. Carroll Shelby. In addition, Mr. Shelby has agreed to serve as president of AET while the engine is being evaluated at the University. Operational policies and decisions however will continue to be promulgated by the Board of Directors. AET has recently relocated its headquarters to 11150 W. Olympic Blvd. Suite 1020 Los Angeles, Ca. 90064