DUBAI, United Arab Emirates, Jan. 15 - Axial Vector Engine Corporation (Pink Sheets: AXVC; Frankfurt: BAE1) today announced today that the company has signed an MOU to test and demonstrate its Multi Fuel Power and Water system using the AVEC 200 KW GENSET.
"Nakheel" (http://nakheel.com/), the master developer of the "World Islands" project completed the breakwater last week opening this project to go forward.
AVEC's 200 KW finished unit will be shown at the WETEX water and energy conference in Dubai on March 11-13. It will then be deployed to the island and will be demonstrated to prospective customers who wish to order mobile power and water systems, which can produce electricity and potable water for a fraction of the price of conventional systems.
Ahmed Khalifa, Acting CEO stated, "By 2010, 80% of the world's population will live within 100 kilometers of the sea. Our ability to 'join' up to five units, creating one megawatt of on-demand low cost power, deliverable anywhere using the first true multi-fuel system and able to provide 'off peak' water production for as little as $0.03 per gallon represents the type of technology that AVEC is investing in and the world needs. We will now be bringing the largest and the best developers and investors of the Gulf Region to view the future of offshore development."
To find out more about the importance of very low pollution power and water production on "sea based" applications, go to http://thinkblue.ae/.
Axial Vector(TM) Engine Corporation is a publicly traded company (Pink Sheets: AXVC) 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.
Axial Vector Engine Corporation
Source: Axial Vector Engine Corporation
Web site: www.axialvectorengine.com/