Axial Vector: Joint Venture Partner Board Approves Agreement, Signing Will Be on Friday in India
Jan 26, 2010 5:46:00 AM
DUBAI, UNITED ARAB EMIRATES -- (MARKET WIRE) -- 01/26/10 -- Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today that the joint venture partner Board of Directors has approved the signing of the agreement.
The signing will be on Friday afternoon, January 29th, in India and the company will release details next Monday, February 1st, 2010.
About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world. The company also owns 40% of PETRO-AVEC.
PETRO-AVEC LLC is a joint venture between AVEC and Petrosonics LLC to develop, finance and market Petrosonics sulfur removal technology globally. The joint venture is owned 60% by Petrosonics LLC and 40% by AVEC.
Forward-Looking Statements
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
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