AXIAL VECTOR ENERGY CORPORATION ANNOUNCES FIRST SMART ELECTRIC GRID PRODUCT; GOOD GREEN ENERGYTM GENIUS BOX NETWORKS HOME APPLIANCES AND LOCAL POWER SOURCES TO MINIMIZE CONSUMER POWER COSTS WHILE REDUCING PEAK DEMAND ON THE PUBLIC POWER GRID. DUBAI, United Arab Emirates (BUSINESS WIRE) – June 17, 2010 - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today the successful development of the world's first network appliance capable of intelligently controlling start up and shutdown of individual Bluetooth networked home appliances (e.g., pool equipment, air conditioners, electric dryers, and electric water heaters) during peak rate hours. The Good Green EnergyTM Genius Box also coordinates the selective start up and shutdown of local solar, wind and generator components, to optimize power generation credits, load balance and reduce peak rate demand on the public power grid. The Genius Box can be used as a central controller for stand alone, local micro power grids or as a smart controller to intelligently choose, on the fly, whether to use utility power, local power or less of each through selective appliance shutdown when every component is receiving utility generated power. Each networked appliance can be configured inexpensively to report status and power consumption. Each local power generation sources, be it solar, wind or generator, can do the same. The Genius Box then weighs the cost of utility power, local power or the combination of the two with the need for running certain appliances. The Genius Box, which is expandable, extensible and easily upgraded, can be scaled to control a single home up to well over 5,000 network homes on a single micro grid. The Genius Box can be used in a variety of venues, from residential to industrial to stand-alone, mobile, ad hoc emergency use after a natural disaster. It connects to your local area computer network while communicating with power grid components wirelessly. All of its functions are automated but can be manually overridden via a web application or iPhone application. Users can go to the website or use their iPhone to set their own criteria. Stated AVEC Chairman Sam Higgins, "We're excited about this higher margin, higher inventory turnover, lower unit cost, commercial off the shelf network control box. It will allow end users the ability to take control of their power consumption, power bills and power generation. As the President of the United States said in his recent oval office speech, the time to embrace a clean energy future is now. Now is the moment for this generation to embark on a national mission to unleash American innovation and seize control of our own destiny. We have more to say shortly about manufacturing sources, margins and production capacity. This will be a highly differentiated, competitive, high volume, higher margin product and we look forward to unveiling yet another, exciting companion product in the next few days.". About Axial Vector Energy Corporation Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary 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. The company also owns 40% of Petro Avec. For Further Information Please Contact: Axial Vector Energy Corporation
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