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Next Generation Bio-Fuels Produce Excellent Power in Axial Vector Family of Engines Feb 8, 2010 5:56:00 AM DUBAI, UAE -- (MARKET WIRE) -- 02/08/10 -- With the addition of our 352hp / 1710 ft-lb of torque work horse engine, now being made ready for mass production, combined with our 240hp / 1140 ft-lb of torque 'gas cam marine/aviation engine,' Axial Vector has the only engines capable of using all fuels 'hydrocarbon,' 'alternative fuels,' and 'next generation bio-fuels.'
Today, the United States produces 12 billion gallons of bio-fuels, with that number scheduled to grow to 36 billion gallons by 2022 as mandated in the 2007 Energy Bill. Sanjai Chhaunker, President & CEO, stated, "Our engines are the perfect bridge between the needs of today and the demands of tomorrow. We use 30% less hydrocarbon fuel when creating power and have the ability to use today's and tomorrow's bio-fuels including ethanol substitutes and isobutanol [Modified e-coli and glucose (sugar) reacts to make isobutanol]." About Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent For further information, please contact: Samuel Higgins Chairman |
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