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AVEC vies for Dubai Award for Sustainable Transport for its ultra clean hybrid taxi
- United Arab Emirates: Tuesday, October 27 - 2009 at 09:47
- PRESS RELEASE
Axial Vector Energy Corporation ("AVEC") announced its entry for the Environmental Protection Category for the Dubai Award for Sustainable Transport 2nd Edition, under the patronage of HH Sheikh Hamdan Bin Mohammed Bin Rahid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
AVEC'S "ultra clean hybrid taxi" would provide the Dubai government a 50% fuel savings and a 75% reduction in exhaust gases for Dubai Taxi Corporation (DTC) at Roads and Transport Authority (RTA) fleet, which comprises approximately 3,500 vehicles deployed to deliver a number of service categories such as District Taxi, Airport Taxi, Hatta Taxi, Ladies Taxi, and Special Needs Taxi in addition to ordinary taxis.
AVEC is coordinating with other innovators in the Gulf Cooperating Council (GCC), as well as the United States, to deploy these next generation taxis to fleet, commercial and military markets. Sanjai Chhaunker, President & CEO of AVEC stated, "We are honored to support the vision and leadership of Dubai in implementing this program under an 'accelerated rapid development program'."
Multiple patent applications are being filed protecting all of the technological breakthroughs included in this program. Technical details will be released weekly as the patent applications are confirmed.
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Notes and media contacts
About Axial Vector Energy Corporation:Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invests 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.
The Environmental Protection Category:
The Environmental Protection Category is concerned with all initiatives and practices that make the use and operation f transportation more environmentally friendly by reducing its negative impacts. Specifically the initiatives must address one or more of the following aspects:
· Initiatives and practices that led to decreasing the level and impact of air pollution resulting from various modes of transport
· Initiatives and practices that led to decreasing the level and impact of noise or negative visual pollution resulting from various modes of transport
· Initiatives and practices that led to decreasing the level and impact of pollution resulting from discarded fuels, lubricants, tyres, batteries and other types of wastes transport modes
About Roads and Transport Authority:
Since Dubai is one of the fastest growing cities in today's world, making the provision of high quality infrastructure facilities absolutely imperative, and since providing an advanced transport network for the people of Dubai has been high on the government's agenda, which is evident from its initiatives to enhance the public transport facilities and improve roads across the emirate to make travel safer and smoother, the Roads and Transport Authority (RTA) was formed by the decree number 17 for the year 2005.
RTA is responsible for planning and providing the requirements of transport, roads & traffic in the Emirate of Dubai, and between Dubai and other Emirates of the UAE, neighboring countries in order to provide an effective & an integrated transport system capable of achieving Dubai's vision & serving the vital interests of the Emirate.
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements.
For further information, please contact:
Samuel Higgins, Chairman
Axial Vector Energy Corporation
Tel: +9714 887 5351
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Posted by Husam Odiabat
