SOURCE: Axial Vector Engine Corp.

October 13, 2009 06:28 ET

Dubai Government Roads and Transport Authority (RTA) Invites AVEC to Sign MOU to Integrate Ultra Clean Axial Vector Engines and Generators for Public Transport

DUBAI, UNITED ARAB EMIRATES--(Marketwire - October 13, 2009) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today it has received an invitation to sign an MOU to integrate its ultra clean Axial Vector Engines and Generators into Dubai Public Transport. RTA, which is owned by the Government of Dubai (, is responsible for the planning and execution of all public transportation systems in the emirate of Dubai. RTA aims to provide the latest, most technologically advanced transportation techniques whilst being environmentally conscious simultaneously.

The MOU encompasses a close relationship between AVEC and the RTA ensuring the government of Dubai will have "best of class" clean technology for improving the air and the ability to have Dubai continue its world leadership of vision and innovation.

All of AVEC's clean technologies are applicable to the RTA, which includes Public buses, Taxis, Water Taxis, and Railway transport.

This new MOU will give AVEC the ability to deploy its technology into the public transport arena ensuring high volume penetration in a relatively short period of time into the commercial market. Furthermore use of AVEC technologies in a public transport sector certifies that AVEC products are indeed reliable and durable. AVEC will aim to provide high quality infrastructure products to one of the world's fastest growing innovating populations and one of the most technologically advanced public transportation systems in the world today.

AVEC will provide a smaller version of its proven multi fuel "workhorse engine" and combine with its ultra efficient AXIAL FLUX generators to modify all forms of transport that are deployable on a large scale, using any fuel including non fossil fuels such as "palm oil" and create almost no carbon dioxide and other dangerous contaminates to our atmosphere.

Sanjai Chhaunker, President and CEO of AVEC, stated, "We are honored to receive this invitation to enter this MOU with RTA for deploying our state-of-the-art environmental technologies. Our ultra efficient and ultra clean technologies represents a continuation of the vision and innovation of Dubai, its rulers and business leaders and can provide a range of improvements including reduced electricity consumption, 40 % fuel savings, hybrid taxis, and other applications all environmentally sound with little or no carbon footprint."

More details on deployment will be made available soon.

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.

About Roads and Transport Authority

Since Dubai is one of the fastest growing cities in today's world, making the provision of high quality infrastructure facilities absolutely imperative, and since providing an advanced transport network for the people of Dubai has been high on the government's agenda, which is evident from its initiatives to enhance the public transport facilities and improve roads across the emirate to make travel safer and smoother, the Roads and Transport Authority (RTA) was formed by the decree number 17 for the year 2005.

RTA is responsible for planning and providing the requirements of transport, roads & traffic in the Emirate of Dubai, and between Dubai and other Emirates of the UAE, neighboring countries in order to provide an effective & an integrated transport system capable of achieving Dubai's vision & serving the vital interests of the Emirate.

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