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 Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AVXC.PK) Has Developed Cutting-Edge Technology to Advance Combustion Engines
Axial Vector Energy Corporation (AVXC.PK), based in Portland, is on a mission to develop and license technology to take internal combustion engines to the next level. Axial has been able to create new, smaller, and lightweight internal combustion engines that produce more horsepower and three times the torque of conventional engines of the same size.
Axial currently has ten patents that have been filed or are in the process of being filed. Some of the company’s pending patent applications cover more than one aspect of the company’s current or previous configurations of the axial vector engine. A number of the pending patents have already been strategically registered in jurisdictions outside of the U.S. Axial already holds two issued patents: Barrel-Type Internal Combustion Engine and Piezoelectric Liquid Injector.
The most commonly known internal combustion engine, known as the Otto engine, uses pistons and connecting rods to drive a crankshaft in a reciprocating motion. The second most common engine, referred to as the Wankel engine, moves the pistons in a rotational or eccentric motion. Axial has created a third family of engines called the Barrel-Type Internal Combustion Engine. The Axial engine converts combustion energy into rotational energy like the Wankel engine but without the use of a crankshaft. The linear motion of the pistons is directly transferred into rotational motion via a sinusoidal-shaped main drive-cam that results in less vibration and more efficiently produced energy.
Standard fuel injectors on the market today are designed to inject a specific amount of fuel at high pressures to atomize fuel. The fuel injectors used in Otto engines inject fuel at various points. Typically, fuel is injected by sequential sprays or in a single injection into the intake air stream during the intake stroke. One issue of this type of process is that the late injection of fuel into the system causes less mixing and results in uneven combustion.
Axial has been able to develop a fuel injector that can provide an accurately mix ratios of fuel and compressed air in a finely controlled high-velocity spray that improves the atomization of the fuel. The Piezoelectric Liquid Injector is able to effectively adjust from delivering very small amounts of fuel at low speeds to greater amounts of fuel needed at full power. The Axial team has designed an injector that is not only more lightweight and efficient than existing injectors, but also one that is easy to build, assemble, and calibrate.
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Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AXVC.PK) Appoints Miguel A. Gonzales as the Director of the Company and Head of the Audit Committee
Axial Vector Energy Corporation announced earlier this morning that it has appointed Miguel A. Gonzales as the Director of the Company and Head of the Audit Committee. Mr. Gonzales has more than two decades of financial and legal experience. As Managing Director of the Latin American office, he provides valuable expertise in International Licensing and Commerce.
Mr. Gonzales will be responsible for coordinating the legal and accounting aspects of the business throughout the company to prepare and move the corporation’s publicly traded stock to the American Stock Exchange (NYSE AMEX). He will also be coordinating on the legal and accounting aspects in the new Las Vegas, Nevada office, which will be announced shortly.
Mr. Ahmed Khalifa, Chairman of the Board stated, “We are honored to have Mr. Gonzales on board, as a previous director of bank and the legal advisor for an international pharmaceutical company, we are confident that Axial Vector will quickly move up to its desired listings. His experience with licensing at the international level will be valuable as AVEC embarks on its licensing negotiations worldwide.”
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Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AXVC.PK) Seeks Acquisition of Adaptive Propulsion Systems
Axial Vector Energy Corp. announced that it has engaged in negotiations to acquire Adaptive Propulsion Systems LLC. The company anticipates closing the acquisition and transfering the technology in the next few days.
Because of the highly sensitive nature of the transaction and the importance to both parties, the transfer ceremony will be extended to allow the legal teams to complete the necessary agreements.
AVEC Chairman, Mr. Ahmed Khalifa, commented, “The negotiations have taken off on a positive note and most of the major terms have been agreed upon by both parties. We foresee the final exchange of documents between the respective attorneys by the end of this working week.”
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Re: Axial Vector Energy Corp. - AXVC
The Wind Catchers
When I was young, sitting in the back seat of my parents old Buick, I would occasionally dangle my arm out the window, and let the passing wind teach me the only things I ever learned about aerodynamics. You can’t do something like that without gaining an instant respect for air, considering how something completely invisible can still be incredibly powerful.
Today I know that the power of natural wind is really the power of the sun, the perpetual struggle of our atmosphere to balance out the sun’s uneven deposits. But inherent in that titanic wrestling match is, some would say, the most cost-effective solution to the world’s energy crisis.
The idea of using the wind to generate electricity has never been more popular because of its endless capacity and environmental friendliness. It has been estimated that the power of the wind, if fully captured, could supply the world’s energy needs many times over. Perhaps more importantly, it could do it cleanly, it could do it anywhere in the world, and it could do it without ever running out.
Never before has there been more of a movement, or more of an opportunity, to catch the wind. Although harnessing the wind for mechanical energy has been around for thousands of years, and was even used to generate electricity in the late 1800s in Europe, recent improvements have made it today’s fastest growing energy source, continuing to exceed even the most optimistic growth expectations. This is because the technology behind wind power has improved to the point that, in some locations, wind-generated electricity is now close in cost to conventional sources.
For an investor, there aren’t many publicly traded players in this field, but there are a few. One of the more interesting players is Axial Vector (OTC: AXVC), developer of a patent-pending axial flux generator providing a significant gain in generation efficiency. The company’s system can be retrofitted to existing turbines, providing substantially more power without adding more towers or turbines, and allowing use during low wind conditions. The bottom line is greater revenue and profitability. Axial recently announced a joint venture agreement with Constellation Capital Management, LLC that will have the exclusive right to market the company’s proprietary generators to the U.S. wind power industry.
Other publicly traded companies contributing to the industry include:
• Mass Megawatts Wind Power (OTCBB: MMGW) - Holder of patent rights for the MAT system of wind power generation, the company expects to compete favorably with new fossil fuel plants.
• Juhl Wind (OTCBB: JUHL) - Leader in community-based wind power development and management, Juhl works to bring wind farming to rural communities.
• GE (NYSE:GE) - The maker of more wind turbines than anyone in the world, GE’s installed capacity comprises more than 15,000 megawatts.
• Siemens (NYSE:SI) - Close to GE in wind turbines, Siemens recently announced the largest offshore wind turbine supply agreement in history for Northern Europe.
Today, almost every week brings with it a major new wind power project or development. Both GE and Siemens are having to ramp up production to meet demand for existing turbine designs, and Axial Vector is just now demonstrating its new axial flux technology. It’s a commitment these companies are willing to make, because they know that wind catching is finally here to stay.
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Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AXVC.PK) Transfers Technology and Acquires Adaptive Propulsion Systems LLC
Axial Vector Energy Corporation announced yesterday that it has successfully completed its technology transfer under development contracts with Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings. The company also announced that it has acquired 100% ownership of Adaptive Propulsion Systems LLC (APS) as part of its initiative to invest in energy efficient and environmentally friendly technology.
According to the press release, APS was acquired without liabilities, and it will be at the discretion of Tactronics to retain salaried employees or leased real estate property. Substantial assets acquired include: the proprietary developmental models, computer aided design (CAD) Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD) software applications for further development of AVEC engines and generators. It was noted in the news release that physical demonstrations of prototype engines and generators met or exceeded all goals at meetings last month in Virginia Beach, VA.
In addition, the newly acquired subsidiary has developed a unique “diesel engine control system” which was joint-developed by software developers employed by APS. As terms of the acquisition, APS will provide a license utilizing this engine control system for engines and generators to Axial Vector, as well as make available licenses of this unique software to other manufacturers, which the company believes will produce significant revenue.
Tactronics Holding Group International LLC COO, William F. Silhan, commented, “The completion and integration of the multiple AVEC breakthrough technologies has been one of our most challenging and rewarding programs. These engines and generators are cutting edge new technology and we believe that its commercial applications are endless.”
AVEC Chairman Mr. Ahmed Khalifa stated, “Today marks a significant milestone in the history of Axial Vector. Through today’s technology transfer and acquisition of Adaptive Propulsion Systems, we believe we now have all the necessary pieces to ensure the broad based licensing and production capability of our engines, generators, gensets, electric motors, and engine control systems. Our view is that the world is more ready and eager than ever to adopt change through use of our products that will be profitable, energy saving and environmentally friendly. Tactronics, APS, Mr. Silhan, and all its engineers clearly deserve the world’s recognition and thanks for their tremendous capital and time commitments over the years. They have clearly lived up to their motto, ‘Failure is not an option’. ”
Mr. Khalifa added “The Company will now move swiftly on licensing opportunities for these products. Additionally, it will proceed on licensing products utilizing this technology under its Joint Venture, with U.S. Wind Works LLC, that has plans to retrofit existing energy producing windmills.
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Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AXVC.PK) Joint Venture Partner Awarded Multiple Patents in European Union
Axial Vector Energy Corporation announced this morning that its PETRO-AVEC LLC Joint Venture partner, Petrosonics LLC, was awarded European Patent Number 1 668 095/04 781 388.6. The patent protects the process by which sulfur and nitrogen bearing compounds are eliminated from diesel oil fractions through the use of sonic energy and an oxidizing agent, absent an aqueous phase. It also protects a related process that removes the resultant oxidized sulfur and nitrogen contaminants. According to the press release, the patent will remain in effect until August of 2029.
Petrosonics LLC’s process uses high power sonic energy in a moderate temperature, atmospheric pressure environment to diminish sulfur, nitrogen, and trace metals in petroleum, simultaneously reducing oil density. The process increases API (American Petroleum Institute) gravity (least specific gravity = highest API gravity) and volume. Through the patented process, sour crude is rendered less sour, making it a more useable product. The equipment necessary for this process is highly affordable, reliable, durable, and readily available from Germany.
The European patents complement U.S. Patent 7,081,196 and a number of other patents and pending patents in 42 different oil producing and oil refining nations. These 42 countries represent 55.7% of all crude oil production, 30% of world crude oil reserves, and 40% of the world’s refining capacity. More than 1,500 claims remain pending around the world.
Dr. Mark Cullen, Managing Director at Petrosonics, LLC commented, “Our second European patent protects a substantial portion of our technology for removing contaminants from diesel fuel and diesel fuel represents a large portion of the output of a typical refinery. We are particularly gratified with these awards in the European Union in that, as a major partner in the Patent Cooperation Treaty, the actions of the EU make award in the other Patent Cooperation Treaty countries that much easier. Given that the process is fully protected, is less expensive to deploy and operate than traditional technologies and is fully supported by commercial, off the shelf equipment, we see no barriers to licensing it to end users now.”
AVEC Chairman Mr. Ahmed Khalifa added, “We are ecstatic. This technology is the first major advancement in refining technology in decades and has great potential. We look forward to rapid licensing through Dubai-based PETRO-AVEC LLC.”
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Re: Axial Vector Energy Corp. - AXVC
More VERY good news! when will this Company explode?
Axial Vector Energy JV, PETRO-AVEC LLC, Appoints Dubai-Based Oil Executive Dr. Mazin Samman to Licensing Negotiating Team; Adds Extensive Middle East, Asian and Russian Oil Industry Expertise
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Symbol Last %Chg
AXVC 0.36 0.00%
As of 12:00 AM ET 4/17/09
Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC) (Frankfurt:BAE1) announced today that its PETRO-AVEC LLC JV appointed Dubai-based oil executive Dr. Mazin Samman, former Managing Director of United Oil Investments/Hadramout Refineries Company in Dubai, United Arab Emirates and Sana'a, Republic of Yemen, to its international licensing negotiating team.
Dr. Mazin Samman, a Saudi national, educated/oil industry trained in the U.S. and resident, from time to time in, Italy, Lebanon, Thailand, the U.S., the U.K. and the U.A.E, is a capable Arabic, English, French and Italian linguist. He is highly experienced in bringing diverse experts together from multiple continents, governments, companies and organizations to authorize, design, finance, construct and operate large scale oil projects. A recent case in point includes the authorization, design, financing, construction and turn-key operation of a new construction domestic/export refinery on the outskirts of the coastal city of Mukalla, in the Republic of Yemen. The effort required coordination with multiple governments, agreements with various oil companies, including Luk Oil in Switzerland, engineering and construction contracts with the consortium of Samsung and SK Engineering in Korea, and credit agreements with the Korean Export-Import (EMIM) Bank, requiring a Korean ECA guarantee.
In Russia, Dr. Samman's projects extended as far as the remote Pacific Island of Sakhalin, just north of Japan. Dr. Samman was responsible for Russian government negotiations/authorizations/long term relations, financing, new refinery design/construction, existing infrastructure upgrade, product procurement, crude oil sales and refining operations.
In the Americas, on behalf of Nimir Petroleum in Dallas, TX, Dr. Samman co-managed a team responsible for securing senior financing from Morgan Stanley and Chase Manhattan Bank to complete the acquisition of HOCOL-Shell in Columbia.
In his native Saudi Arabia, Dr. Samman assisted Saudi Aramco in a number of endeavors, including the securing of contractors like MMG (Mohammad Almojil Group) for various large scale construction projects.
Commenting on the appointment, Dr. Samman stated, "In all of my years working with the oil industry, the Petro-Avec Joint Venture ranks potentially as one of the most exciting. Having experienced a relative drought of exciting new technology in the oil industry since the 1970s, it was just a matter of time before someone came up with something really revolutionary and I'm just excited to be a part of it. The industry very much needs this type of innovation and the third party assessed economics behind it are very compelling. I should think this would be fairly easy to license internationally and I look forward to working on that immediately."
Dr. Mark Cullen, Managing Director at Petro Avec LLC, stated, "I had the pleasure of meeting Dr. Samman on my most recent trip through the Middle East. He is the most impressive individual and I look forward to working closely with him."
AVEC Chairman Mr. Ahmed Khalifa stated, "An exciting, industry-changing technology deserves the help of exciting, industry-changing leaders. We are extremely fortunate to secure the assistance of Dr. Samman and look forward to much success together. We have additional candidates in mind for assisting with rapid licensing and hope to announce those appointments shortly."
About PETRO-AVEC LLC
PETRO-AVEC LLC is a joint venture between AVEC and Petrosonics LLC to develop, finance and market Petrosonics sulfur removal technology globally. The joint venture is owned 60% by Petrosonics LLC and 40% by AVEC.
About Petrosonics, LLC
Petrosonics, LLC is a privately held, U.S. based oil refining and production technology company. Petrosonics' patented products and services utilize high power ultrasound energy in order to reduce sulfur, nitrogen, and trace metals in refinery intermediates and product streams. Intermediates and product streams receiving the Petrosonics treatment show reductions in oil density and viscosity, reduced hydrogen use/loss, and increases in API specific gravity and volume. The proprietary Petrosonics technology has additional application in treating and/or pretreating sour crude oils. Petrosonics was formed in 2001 by Mark Cullen, M.D. Dr. Cullen was previously the President and CEO of SulphCo (AMEX SUF). Today, Petrosonics has acquired and continues to expand its patent portfolio for all of the significant intellectual property associated with ultrasound assisted oxidative desulphurization of oil fractions and the upgrade and desulphurization of crude oil.
About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invest 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.
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.
To be added to the Company's email distribution for future news releases, please send your request to inquiry@axialvectorenergy.com.
SOURCE: Axial Vector Energy Corporation
Axial Vector Energy Corporation
Phone: 971 4 887 5351
inquiry@axialvectorenergy.com
or
Redwood Consultants, LLC
Jens Dalsgaard, Investor Contact
(415) 884-0348
Axial Vector Engine Corporation
PetroAVEC
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Re: Axial Vector Energy Corp. - AXVC
Axial Vector Energy Corp. (AXVC.PK) Joint Venture Lists Patent Applications on Website
Axial Vector Energy Corporation announced this morning that its PETRO-AVEC LLC Joint Venture listed a matrix of active patent applications nearing allowance on its under-developed website, PETRO AVEC. Currently, there are over 1,500 claims patent pending in 42 countries.
United States Patent No. 7,081,196, the first patent awarded, protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. European Union patents 1 635 924 B1 and 1 668 095/04 781 388.6 protect the process by which sulfur and nitrogen bearing compounds are removed from diesel oil through the use of sonic energy and an oxidizing agent. They also protect a related process for the removal of the resultant oxidized sulfur and nitrogen contaminants. The claims pending cover a wide range of processes involving the wellhead, pipeline and refinery.
Dr. Mark Cullen, Managing Director at Petrosonics, LLC stated, “While the process of intellectual property protection will continue for quite some time, we are encouraged with the quickening pace of new patent awards. At this point, we have achieved a critical mass of awards sufficient to prove exclusive ownership in a number of key countries but look forward to expanding protection around the globe.”
He continued, “Third party analysis would seem to indicate that our process is measurably more effective than current technology, is less costly on both an acquisition and total cost of ownership basis and is, perhaps, the only technology available to achieve 5-8 PPM or less sulfur fuels. I find those advantages and the fact that we have a tested, commercial grade system vendor standing by particularly gratifying as we enter our licensing phase.”
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Axial Vector Energy Corp. (AXVC.PK) and Petro-AVEC Forms New Joint Venture
Axial Vector Energy Corporation announced over the weekend that it has formed a Joint Venture involving Petro-AVEC (the previously announced Joint Venture between AVEC and Petrosonics, LLC) and Constellation Capital Management, LLC of Novato, California.
This Joint Venture will be named Petro-AVEC North America, LLC (”PANA”). PANA intends to establish its North America headquarters in Northern California immediately. According to the press release, Constellation Capital Management, LLC will own 15% of the JV and Petro-AVEC will own 85%.
Petro-AVEC also announced that Constellation Capital’s Senior Advisor William Jeffrey Gilliam has been appointed as PANA’s Chief Executive Officer.
Commenting on his appointment as PANA CEO, Bill Gilliam stated, “I am thrilled to join a worldwide team lead by Dr. Mark Cullen. Dr. Cullen’s broad accomplishments in the Health Care field stand alone in representing a life time of hard work and World Class scientific achievement. Dr. Cullen’s achievements merely served as a starting point for the technical and scientific achievements that culminate in the broadly patented technology of Petro-AVEC.”
He continued, “I am looking forward with great enthusiasm to what I believe will be a very exciting and dynamic expansion of Petro-AVEC’s worldwide licensing opportunities. We expect to capitalize very quickly on the broadly patented technology inside Petro-AVEC. I have spent most of my last 35 years working in this industry, not only in Investment and Merchant Banking, but also directly through my successful career history with numerous companies in this sector including Merck and Co., Chemdesign, Calgon Carbon, Polymer Corporation and Rexene Corporation where I was CEO.”
Petro-AVEC CEO Mark Cullen, M.D. stated, “We are very pleased to continue AVEC’s longstanding relationship with Constellation Capital Management’s principals. Petro-AVEC recently announced that Emirates Capital (EICA) will provide the initial $7,000,000.00 USD in funding for our project. EICA has deep strategic relationships in the World Wide oil production and refining industries.”
“The newly formed Petro-AVEC North America Joint Venture will facilitate and accelerate the introduction of Petrosonics proprietary products and services to oil producers and refiners in the United States, Mexican and Canadian markets,” he added. “Petro-AVEC believes that Bill Gilliam’s 35 plus years of Merchant Banking and Capital Markets experience will be a significant benefit to Petro-AVEC’s North American business plans and opportunities. I look forward to working with Bill Gilliam and our PANA team as we continue the process of immediately monetizing Petrosonics products and services to the North American markets.”
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Axial Vector Energy Corp. (AXVC.PK) Petro-AVEC JV Working to Distribute Patented Technology Worldwide
Axial Vector Energy (AXVC.PK) was pleased to announce recently that its wholly-owned subsidiary, AVEC Acquisitions Corporation, and Petrosonics LLC have entered into a joint venture agreement. Petro-AVEC, the official name of the new joint venture, will bring key members from both companies together in an effort to develop, finance, and market Petrosonics’ sulfur removal technology worldwide.
Petrosonics has developed a technology that increases the amount of refined product extracted from a barrel of oil. With a moderate temperature and atmospheric pressurized environment, a high-powered ultrasound is used to reduce the amount of sulfur, nitrogen, and trace metals typically found in petroleum. The process increases API (American Petroleum Institute) gravity and volume while reducing oil density and hydrogen loss. The process renders more usable refined end-product than traditional methods and even turns “sour oil” into a less sour product.
Dr. Mark Cullen, founder of Petrosonics, has been the driving force for refining the technology. Cullen initially presented the process at the National Petrochemical Refiners meeting in 2001 and afterwards he continued to work on the process. Cullen went forward and filed a US patent application for the technology on April 4, 2003.
Cullen was definitely on the right track as CITGO entered onto the scene and evaluated the technology between April 2001 and June 2003. CITGO concluded that the technology would “be efficacious for cost effectively removing sulfur and nitrogen from refined oil products and compatible with all the world’s major refiners” and would “be highly useful for desulfurizing and upgrading heavy oil and crude by changing the API.”
Currently, Petrosonics owns all the essential intellectual property associated with the innovative refining process. The company already holds a number of patents, included several key European patents awarded just this year, as well as over 1,500 pending claims. Additionally, a third party team has tested and confirmed the efficacy and cost benefits associated with the ultrasound assisted oxidative desulphurization process.
Petrosonics is currently in negotiations with a major U.S. based oil company and with Ecopetrol, the national oil company of Colombia. With the tremendous positive response to the technology, the Petro-AVEC joint venture should be able to meet the market demand and get the technology out to refiners worldwide.
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