SOURCE: Axial Vector Engine Corp.

February 08, 2010 05:56 ET

Next Generation Bio-Fuels Produce Excellent Power in Axial Vector Family of Engines

DUBAI, UAE--(Marketwire - February 8, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) confirmed today its family of marine/aviation/heavy industry engines are capable of producing excellent power cycles using next generation bio-fuels, in addition to today's bio-fuels, such as palm oil and corn ethanol, as well as other cropped-based fuels.

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 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
    Axial Vector Energy Corporation
    Telephone: +9714 887 5351
    Facsimile: +9714 881 7835

    Jebel Ali Free Zone
    LOB21- F07
    Dubai, United Arab Emirates
    Building # 1, 1397 Taylor Farm Road
    Virginia Beach, VA 23453
    United States