Local newspapers published interviews with Mr. Ahmed Khalifa, Chairman of AVEC who discussed the revolutionary implications of the first multi-fuel engine and generators capable of producing "Carbon Credits" while at the same time producing low cost mobile power.
The ability to add a second stream of income, by selling carbon credits, to a power generation scenario represents a new era in generator development.
Carbon credits are valued currently at 15 Euros and are forecast to skyrocket in future years as the global warming epidemic continues. Our Gensets are the only multi-fuel 200kw units qualified for these credits.
The urgency of reducing carbon emissions to combat global warming is well-addressed with the introduction of the AVEC technologies.
Mr. Ahmed Khalifa, Chairman of AVEC stated, "There is a significant need for portable multi-fuel power that can be produced and deployed quickly and in very large quantities that also lower the carbon and pollution gases. We are proud to introduce this new solution to a world problem in my home country of Dubai."
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Axial Vector to unveil its AVEC multi-fuel GENSET in Dubai
- United Arab Emirates: Wednesday, March 12 - 2008 at 13:43
- PRESS RELEASE
Axial Vector Engine Corporation announced the arrival of its 200 KW GENSET to Dubai for the Wetex energy show that will continue through to March 13.
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Notes and media contacts
Axial Vector(TM) Engine Corporation is a publicly traded company (Pink Sheets: AXVC.PK) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. AVEC is 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.Forward-Looking Statement
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.
CONTACT:
Axial Vector Engine Corporation
503-471-1348
One World Trade Center
121 SW Salmon Street, Suite 1100
Portland, Oregon USA
(503) 471 1348
Posted by Medilyn Manibo, Assistant News EditorWednesday, March 12 - 2008 at 13:43 UAE local time (GMT+4)
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