engine development coming to UAE?

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engine development coming to UAE?

Postby root on Sat Aug 25, 2007 4:15 pm

This Axial Vector Engine Corp seems to have a lot based out of Dubai with some Dubai ownership stake.

Digi-tec is a german tuning house.

Maybe we're going to start seeing some real automotive engineering around this part of the world.

Testing and Development Agreement Signed with DIGI-TEC Dubai.
August 20, 2007

Dubai, United Arab Emirates August 20, 2007- Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today the signing of a testing and development agreement with DIGI-TEC of Dubai United Arab Emirates.

Founded in 1990 in Datteln Germany DIGI-TEC custom build and modified cars have won numerous awards for speed, torque and durability. As well as achieving worldwide acclaim for their Concept BMW M Coupe and the DIGI-TEC Clk 55.

DIGI-TEC will modify and build an AVEC GAS CAM engine to be installed in a racing automobile. AVEC has today provided all the plans to allow DIGI-TEC the ability to create an automobile powered by an AVEC GAS CAM engine. The current Gas Cam engine in Dubai is being prepared for installation into a 39' boat for sea trials.

The testing and introductions that occurred during last week's demo were provided by one of its largest shareholders Emirates International Capital Advisory (EICA). EICA Managing Director Mr. Arash Masom had the following to say at the signing of this latest testing and development agreement.

"After starting the Axial Vector Engine (GAS CAM) here in Dubai and after having our engineers assess and monitor the performance we intend to assist AVEC in accessing the highest level of motor sports to showcase this new technology. We will use the racing arena here in the United Arab Emirates, to demonstrate the huge advantages the AVEC engines offer. Some of the advantages include three times the normal torque. The fact that these engines do not require a transmission is a huge advantage for racing machines and these are only a few of the many advantages which have stirred interest in this field.

With DIGI-TEC providing the technical knowledge we shall insure AVEC has the ability to enter the car racing and four-wheel drive racing scene through a joint racing team to be finalized in the near future. We are not limited to racing in the automotive field as two of the top three formula one powerboat racing teams are based here in the GCC (Gulf Cooperation Council)".

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.
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Postby T.N.T on Sat Aug 25, 2007 9:04 pm

Cool, but doesn't make any major difference to life or 'the scene' here.
Give respect, get respect.
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