SOURCE: Axial Vector Energy Corp.

Axial Vector Energy Corp.

June 16, 2010 06:22 ET

AVEC Announces New Trademark; "GOOD GREEN ENERGY" Trademark Approved for AVEC's New Family of Smart Electric Grid Products

DUBAI, UNITED ARAB EMIRATES--(Marketwire - June 16, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today that it secured the trademark "GOOD GREEN ENERGY," www.goodgreenenergy.com, which will be used for branding AVEC's new line of smart electric grid products. The first of these products, developed in response to Department of Energy (DOE) stated needs, is expected to be announced later this week.

The U.S., EU and China are each investing tens of billions of dollars to develop "smart grids" to replace existing power grids designed by Nikola Tesla, Thomas Edison and George Westinghouse in the early 20th century. Existing grids are prone to brownouts and blackouts and, in the U.S. and China, rely on the burning of coal for over 60 percent of generated energy. The new national smart grid, composed of thousands of "micro grids," will employ millions of sensors connected through advanced communication and information technology systems, resulting in a more interactive, efficient, reliable and secure from cyber-attack power distribution system. The goal is to build a power generation and distribution system that will connect everyone to abundant, affordable, clean, efficient, and reliable electric power anytime, anywhere. It will be capable of:

  • Self-healing from power disturbance events
  • Enabling active participation by consumers in demand response
  • Operating resiliently against physical and cyber attack
  • Providing power quality for 21st century needs
  • Accommodating all generation and storage options
  • Enabling new products, services, and markets
  • Optimizing assets and operating efficiently

In 2014, $152.3 billion will be spent globally just for devices, hardware, software, and communications equipment. These products will form the infrastructure and critical communication systems which will build, link, monitor, manage and secure the smart grid. In addition to providing mobile power generation capabilities, AVEC will be providing associated micro grid components. The first of these new components, which are compatible with the technologies proposed by Google, LG Electronics, Landis, Echelon, Tendril, Ice Energy, Enspiria, eMeter, and Itron, are niche products -- products that we believe will prove to be valuable, rare, hard to imitate (patented) and well within our organization's capability to provide.

Stated AVEC Chairman Sam Higgins, "We're extremely excited about the opportunities we're seeing in the smart grid market and believe that AVEC products will fit well. We look forward to sharing news of the first component of our new micro grid strategy later this week."

About Axial Vector Energy Corporation

Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invest in and licenses revolutionary technologies including, 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.

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 SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

Contact Information

  • For further information, please contact:

    Axial Vector Energy Corporation
    971 4 887 5351
    inquiry@axialvectorenergy.com

    Jebel Ali Free Zone
    LOB21- F07
    Dubai, United Arab Emirates
    www.axialvectorenergy.com

    Building # 1, 1397 Taylor Farm Road
    Virginia Beach, VA 23453
    United States

    Investor Relations
    Redwood Consultants, LLC
    Phone: (415) 884-0348

    Samuel Higgins
    Chairman
    Axial Vector Energy Corporation
    Telephone: +9714 887 5351
    Facsimile: +9714 881 7835
    www.axialvectorenergy.com