SOURCE: AXcess News

AXcess News

June 17, 2010 15:27 ET

AXcess News: Bridging the Gap Between the Smart Grid Green Energy Program and Home Appliances

RENO, NV--(Marketwire - June 17, 2010) -  Axial Vector Energy Corp. (PINKSHEETS: AXVC) may be one of the first green energy companies to have bridged the gap between the $3.4 billion smart grid energy program announced by the U.S. Department of Energy and home appliances when the Company unveiled its product which controls individual home appliances more efficiently using Bluetooth technology.

Dubbed the Genius Box, the appliance networking system monitors home appliances during peak hours to optimize their use. Axial Vector claims the Green Energy Genius Box is the "first of its kind in the world," but here in the United States AXVC may have struck gold.

Through the Recovery Act, the Obama administration had budgeted $3.4 billion in energy grants that were jointly announced by the U.S. Department of Energy and Treasury Department earlier this year. Nationwide, utilities are gearing up for updating and construction of smart grids to better manage the delivery of power during peak periods.

The Smart Grid Grant Program is the largest single energy grid modernization investment in U.S. history.

In March, one hundred private companies, utilities, manufacturers, cities and other partners had already signed up to receive funding through that Recovery Act-funded program. Yet Axial Vector Energy Corp. is the first to produce a networking system that bridges the gap between the Smart Grid system and home appliances -- without the aid of funding from the U.S. government -- though AXVC is gearing up to apply.

While AXVC sees strong demand for its Bluetooth networking appliance green energy product the Company is not overlooking the federal grant program either, having announced in late May that it had retained Washington, D.C.-based Liebman & Associates to help secure federal and state clean energy funding.

Liebman & Associates is one of the leading renewable energy lobbyists in Washington, D.C. and according to Axial Vector, has secured "$800 million from federal and state governments supporting clean energy projects" in the last year alone.

Axial Vector Chairman, Mr. Samuel Higgins, said the Genius Box is an "off the shelf network control box ready for home use now." Higgins stated that AXVC also expects to generate high margins, though he did not forecast sales figures.

"The Green Energy Genius Box gives consumers something to be excited about in lowering their energy bills," said Higgins. "We're excited about it as it's both low-cost and high margin profit for Axial Vector's shareholders."

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