Petro Avec signs strategic development alliance with Saudi Arabia's Dhahran Oil and Gas

Notes and media contacts

About Dhahran Global Company for Oil & Gas:

Dhahran Global is an oil, gas and petrochemical partnership based in the Eastern Region of the Kingdom of Saudi Arabia.

Dhahran Global Company for Oil & Gas is responsible for seismic and exploration activities, drilling and work over, oil and gas production, petrochemical services, rig movements, maintenance services, base camp construction and pipe lines installation. The company is a wholly owned subsidiary of Al Shoula Holdings which is owned by his Royal Highness Prince Mishaal Bin Abdulaziz Al Saud, one of the most senior members of the Saudi Royal Family.

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 moderate 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. 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, 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.

For further information, please contact:

Samuel Higgins
Chairman
Axial Vector Energy Corporation
Tel: +9714 887 5351
Fax: +9714 881 7835