Here's most of the news article that's posted on AENG's web page today. Prepare for a lot of reading......This is VERY BIG and a major endorsement by Carroll Shelby:
By Bradley A. Stertz / News Washington Bureau Chief
WASHINGTON -- Bombing around in a 40-foot motor home
between outposts such as Fond-du-Lac, Wis., and Waukegan,
Ill., Murray Bailey and his wife of 26 years seem more like
accidental tourists than the vanguard of tomorrow's engine
technology.
"You take planes and never get to understand this country," the
Australian shouts over the din of CB chatter in Arkansas. "Some
of the things you see are pretty amazing."
None less so than the early reaction kicked up by the Baileys'
cargo -- an unusual little eight-cylinder engine built at the kitchen
table of a self-trained mechanic from Australia.
Only three prototypes of the OX2 engine exist in the world. The
demonstrator model the Baileys have carried around the country
since early March works kind of like a revolving pistol to cut back
emissions, and purportedly has as much muscle as a traditional
V-8 engine twice its weight.
THe OX2 tips the scale at 140 pounds and has just 66.25
cubic inches of displacement. Engineers who have seen it in
demonstrations are impressed that the OX2 doesn't use camshafts,
distributors or oil pumps, and needs just a cup of oil to run.
The company developing the OX2 hasn't sold one copy and
isn't sure if it is best suited for the next generation of lawn mowers,
boats, automobiles or tanks.
But that hasn't bottled up enthusiasm stoked by equal parts
shrewd marketing, promising expert reports and worldwide
pressure to make vehicles, lawn equipment and water craft that
are powerful, cleaner and far more efficient.
Nowhere is the speculation more heated than on Wall Street.
One share of the company headed by Bailey that is developing the
OX2 -- Advanced Engine Technologies Inc. of Albuquerque,
N.M. -- sold for $1.50 at year-end 1997 in over-the-counter
trading. At the close of business Friday, the stock sold for $14 a
share. By the end of the day Tuesday, it ran up to $26.75.
Part of the enthusiasm has followed a two-hour demonstration
at the Army's Tank-Automotive and Armaments Command center
in Warren. While engineers there withheld final judgment until
more tests are run, some were intrigued by the OX2's technology.
"The main thing that caught my attention was that it is an
extremely clever design," says Herb Dobbs, a mechanical engineer
at the Tank Command's research and development center. "This
one holds the attention, even if it's too early to declare it will be
successful."
Not that Advanced Engine Technologies is in a hurry to
overhype its product. Later this month, Bailey and others in the
company are taking one prototype for thorough testing at the
University of Wisconsin in Madison. Other tests will follow at
other university research labs. No orders or licenses will be
written, the company says, until the tests prove the technology
works.
Meantime, Bailey is lining up an impressive array of automotive
legends to lend their advice -- and their contacts. Advanced
Engine Technologies just signed a joint venture agreement with
Carroll Shelby, whose Shelby Cobras from the 1960s still rank
among the most sought-after sports cars in the world.
"If the performance figures are correct, the OX2 engine is the
most significant advancement in combustion engine technology I
have seen in my life time," Shelby says. "I've seen lots of new
engines cross my path only to find they wouldn't work or were
really invented in the 1890s."
Others involved in promoting the engine include motorcycle
racing champion Eddie Lawson, NASCAR Hall of Famer Bobby
Allison and boat racing champion Bob Teaque.
Part of the go-slow approach planned for the OX2 is a
reflection of past flops. The auto industry is littered with little
engines that promised they could, only to fall well short.
And while companies such as Caterpillar Inc. have expressed
interest in the OX2's potential, backers of the engine are leery of
promising too much for now.
"At this stage, it's easy for a lot of people to say we've seen
hundreds of these ideas before," Bailey says.
Engine breakthrough?
Advanced Engines Technologies Inc. says it has developed a
new internal combusion engine design, dubbed th OX2, that it says
produces more horsepower and fewer emissions than conventional
Otto cycle and Wankel rotary engines. one key feature of the
OX2 is that it has only four moving parts, vs. 67moving parts for a
typical V-8 engine.
How they work:
* OX2 engine: The cylinder block, drive shaft and piston
plates rotate inside the engine housing. Lobes on the cam plate
push the pistons into the cylinder bores, while igniting the air/fuel
mixtures drives the pistons back out and pushes the piston plate
rollers along the cam plate track to keep the engine turning. The
engine housing contains two spark plugs, two intake ports and two
exhaust ports. Each cylinder fires twice during each revolution.
* Four-stroke Otto engine: Pistons travel up and down in the
engine block and are connected to a crankshaft to convert the
vertical motion into rotary motion. Each cylinder fires once every
two revolutions of the crankshaft. Air and fuel enter the cylinder
via ports in the cylinder heads.
* Rotary engine: A rotary engine has no pistons. instead, a
triangular shaped rotar spins inside the engine casing. The points of
the rotor contact the walls of the housing to create chambers for
intake/compression; ignition/power strike and exhaust. Each full
revolution of the rotor results in three complete combustion cycles.
Rotary engines are compact with high power output, but also are
less fuel efficient and produce high levels of hydrocarbons.
Source: Advanced Engine Technologies, Inc.
Copyright 1998, The Detroit News
PRESS RELEASE:-
CARROLL SHELBY of the automotive hall of fame, legendary race car driver, and developer of
the world famous Shelby Cobra, Shelby Mustangs and other high performance automobiles
announces that he is entering into a joint venture arrangement with Advanced Engine
Technologies, Inc. (AET)
AET, a Colorado company listed on the OTC - BB exchange (Stock Code: - AENG) owns the
US rights to promote and market a revolutionary new engine known as the OX2.
The current prototype of the OX2 engine has approximately 30 parts. It is 12 inches in diameter,
10 inches wide, and weighs less than 140 lb. And has the capacity of 66.25 cubic inches. It
operates on a full four-stroke system, however it uses porting rather than valves. It has no
camshaft, no distributor, no oil pump, and no water pump. It requires approximately a cup of oil
for lubrication purposes and no part of the engine requires viscosity support. It has only three
major moving parts, however it has eight pistons. Each piston fires twice every revolution of the
output shaft and at no stage do they come in contact with the bores. Rev for Rev the 66 cubic
inch OX2 is capable of producing more torque and horsepower than a 350 cubic inch
conventional engine.
The purpose of the joint venture is to develop vehicles and engines to demonstrate the advantages
of the OX2 engine over conventional technology.
"If the performance figures are correct the OX2 engine is the most significant advancement in
combustion engine technology that I have seen in my life time and it has the potential to
revolutionize the world's engine industry. We recognize that a tremendous amount has been
invested in present engine technology and that an alternate would need to be a vast improvement
on what is currently available. We are also aware that we need to be able to show advantages
over Hybrid systems. We are confident that this has been achieved with the OX2 engine." quotes
Carroll Shelby.
On the arrival of the OX2 engine in the United States Shelby arranged for several industry
representatives to attend a demonstration of the engine at his research and development center in
LA. At this and other demonstrations he was able to witness the performance of the engine which
according to instrumentation showed the engine producing 170 ft./lb. of torque at 1250 RPM
using 8.5 lb. of gasoline per hour. These figures give a break specific of an unbelievable .21. This
type of efficiency is unheard of in combustion engine technology as the most efficient engines being
produced at present have a break specific of in excess of .4.
At this stage it is not the intention of the company to approach the automobile industry as
experience has shown that it is difficult to introduce significant changes in technology from sources
outside that industry. It is believed that the technology will be accepted by the auto industry when
the environmental, emission and cost advantages of the OX2 engine over existing technologies
have been proven.
The flexibility of the OX2 engine lends itself for use in a variety of applications including
generators, pumps, standing engines, aircraft, and marine. During the past two months AET has
been demonstrating the engine to interested parties in these industries, including the US military
and discussions with these parties are continuing.
|
