Axial Vector Engine Corporation to Create Assembly Plants in Detroit, Michigan and Dubai, United Arab Emirates.
March 24, 2008
DUBAI, United Arab Emirates, March 24, 2008 (PRNewswire-FirstCall) - Axial Vector Engine Corporation (OTCPK: AXVC; Frankfurt: BAE1) announces that two assembly facilities, one in Detroit and the other in Dubai, are scheduled to come online to meet the demand for AVEC products.
The Detroit facility is an 18,000 sq. ft. Class A Building currently housing Adaptive Propulsion Systems, which is being purchased by Emirates International Capital Advisory (EICA). Final assembly of 100 kW generators will be completed in this building. Primary sales and distribution from this location is expected to be geared for United States military and generator conversion systems.
AVEC has narrowed to three choices that average 40,000 sq. ft. each for the Dubai facility, and a final decision is expected to be made next week. This facility will also complete assembly for 100 kW generators as well as final assembly for multi-fuel Work Horse engines. The facility will begin with one assembly line that can be expanded to add three more. Request for bids on block casting and sub-components have been tendered to three suppliers on each category.
For Further Information Please Contact:
Axial Vector Engine Corporation
503-471-1348
avec@emiratescapital.net
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