SOURCE: Axial Vector Energy Corp.

May 04, 2010 10:57 ET

Axial Vector Energy Corporation Announces New Patent Pending Automotive Hybrid Electric Drive Train

DUBAI, UNITED ARAB EMIRATES--(Marketwire - May 4, 2010) -  Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1), a developer of state-of-the-art green technologies, announced today an all new, U.S. patent pending, automotive hybrid electric drive train. The drive train is composed of a small AVEC engine, an AVEC generator/motor and an all new electric clutch (automatic transmission). The electric clutch is composed of AVEC permanent magnets and coils and is engaged when the two come in proximity. The new clutch is over 80 percent efficient with less than 1 percent slip. Conventional transmissions are significantly less efficient and costlier to operate, as evidenced by the waste heat that they generate.

As with most hybrid electric drive trains, when the batteries are fully charged, the vehicle is 100% electric. If the batteries are low in charge, the AVEC engine starts, engages the generator and stays on until the batteries are charged. The engine will also come on in response to a need for a sudden burst of speed. The design of the power train allows both the engine and generator/motor to operate at peak efficiency, regardless of speed. The recharging system can also operate when the vehicle is in neutral or parked.

Stated AVEC project engineer Douglas Hahn, "Apart from using AVEC's new, smaller engine and generator/motor combination in an all new automotive application, what's really new here is the electric clutch, which can be used between both AVEC's engine and generator/motor and between the motor and the differential connecting the drive wheels. If we omit the engine and use the space for additional batteries, we then have a solution for an all electric plug-in vehicle." 

Stated AVEC Chairman Sam Higgins, "The new power train leverages existing AVEC technology and continues the tradition of reduced part count, lower cost, higher efficiency and easier maintenance. It's also patent pending in the U.S. Our plan is to extend patent protection internationally through the patent cooperation treaty (PCT), while adding additional licensable property to the portfolio as we progress through our product development roadmap."

About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invests 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:

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

    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