Final Engineering on "Workhorse 7.2" Nears Completion
February 6, 2007
Portland, Oregon, February 6, 2007 - Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today an update on its Workhorse 7.2 multi fuel engines.
As previously announced, the AVEC Workhorse 7.2 engine was run on Thursday Sept 14th, 2006 and produced power running on diesel fuel for the first time at a well known and highly respected third party Detroit automotive engineering firm. The running of the engine was viewed as a very significant and important event. This was the first time that a diesel engine with such a power transmission design utilizing a sinusoidal cam has ever been fired-up and produced power. More recently, the AVEC Workhorse 7.2 engine has recently gone through some additional extensive testing. As a result, certain internal and external components were redesigned as a result of some of the results obtained during our initial test runs.
By the end of February, we expect all redesigned components to allow for engine rebuild and then the engine will be readied to resume dynamometer testing at its final and full power.
The new Engine Control Unit (ECU) is also ready. It will control the fuel injector drivers according to engine needs and optimize the engine's performance and fuel efficiency. This represents considerable improvement over set point controllers. Since no off-the-shelf ECU was available to meet our needs, the entire unit software was designed in-house. The software driven ECU controls a number of fuel injector activities such as pulse per unit of time, duration of injection, volume of fuel.
This phase of testing will be with increased rotational speed and full load thus putting dynamic elements to greater test. The engine is big enough to power a truck with 2 _ to 3 times the torque levels found in conventional diesel engines. It is precisely this high torque that made our team undertake very serious and robust designs in the cam and roller bearing interface. Visual inspection indicates the components are holding up nicely.
There is a convergence of observations and data from three key perspectives that support the conclusion that root causes have been ferreted out and redressed. The three perspectives are:
- Analyses: understand what is happening from the engine perspective
- Measurements and monitoring during trials and when engine is disassembled
- Metallurgical perspective
"Our highly valued team of seasoned engineers and technicians rose to the challenges and surmounted a number of tough engineering issues typically found at the very cutting edge of innovation. This success came at the cost of delayed product delivery schedule ", continued Dr. Brouzes President and CEO."Our commitment to provide quality products from our four key technologies targeting multi-billion dollar market sectors is of paramount importance to AVEC. We shall soon be able to generate revenue from licensing agreements and orders from prospective industrial, civilian and military clients".
In light of the ground-breaking and far-reaching potential of its engine and generator technologies, AVEC has created a Global marketing campaign "Watch the Future Unfold". This Global Licensing and media campaign will highlight the importance of AVEC technologies in the electrification of developing countries, reducing our electricity and fuel consumption and improving the quality of our environment with greatly reduced emissions and fuel consumption.
Commercialization initiatives and plans for 2007 will be presented at the Redchip small cap conference on Feb 12th in Arizona. See www.redchip.com for further details.
About Axial Vector™ Engine Corporation
Axial Vector™ Engine Corporation is a publicly traded company (OTC Bulletin Board: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector™ as the engine design that will comfortably meet these challenges, and more.
Key entry markets for the Axial Vector™ engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector™ technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
For Further Information Please Contact:
DR. RAYMOND BROUZES, PRESIDENT & CEO
One World Trade Center
121 SW Salmon Street, Ste 1100
Portland, OR 97204
503-471-1348
www.AXIALVECTORENGINE.com
info@AXIALVECTORENGINE.com
Redwood Consultants, LLC
415 884-0348
Watch the NEW (10/30/06) Video of Workhorse 7.2 engineThis new video of the Workhorse 7.2 shows the revolutionary
engine producing power quietly and vibration-free
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