Axial Vector Energy Corp (AXVC.PK)

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Last Post:  on 9/25/2009 2:33:05 PM | 121 Total Posts

Posted by:
Michae

07/14/2008
21:47:44 PM

Axial Vector Energy Corp (AXVC.PK) is “One to Watch” Axial Vector Energy Corporation is a Portland-based company focused on developing and licensing innovative internal combustion engine and electric power generator technologies for use in automotive, power generation, appliance, and military applications. By employing its patent-pending “axial flux” engine and generator set (GENSET) technologies, the company is able to produce highly efficient, cost-effective, and environmentally sensitive multi-fuel engines and motors that are scalable and adaptable for both mobile and fixed-location settings. Axial Vector Energy plans to use its flagship technology, Axial Vector Engine, to serve as the core of the company’s initial market applications. The revolutionary engine is unique for its ability to produce significantly higher horsepower and torque with considerably lower fuel consumption than similarly sized conventional engines. According to the company, the Axial Vector Engine is also less costly to manufacture and operate, while providing significant environmental advantages over standard internal combustion engines. The company has also developed a new line of high-power “Axial Flux” coreless electric generators that achieve 98.5% efficiency in converting mechanical to electric energy. Axial Vector Energy’s Axial Vector Engine can be seamlessly implemented with two 100 kW Axial Flux generators to create a 200 kW generator set, which is anticipated to become Axial Vector Energy’s first commercially marketed product. Axial Vector Energy is excited about the potential of its innovative engine and generator technologies, and - in order to protect its proprietary information and intellectual property - the company has filed several patents. Currently, the company has either filed or is in the process of filing ten patents, and other design patents have already been registered in jurisdictions outside of the U.S.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

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Michael
6/29/2009 3:54:29 PM

Axial Vector Energy Corp. (AXVC.PK) To Host Technology Open House

Axial Vector Energy Corp. extended an open invitation to all AVEC shareholders, engine manufacturers, environmental groups, and state and local officials to their Open House Technology Presentation on July 14, 2009.

AVEC’s open house, designed to demonstrate the potential for enormous energy savings, will showcase new breakthrough technology, including the world’s first engine capable of running on both “Palm Oil” and electric motors that are capable of 98% efficiency. Both engines will be demonstrated at the event. The event also aims to augment the initiatives of the Obama Administration in its endeavors toward saving energy, and “A Smarter and Greener Planet”.

The Open House Technology Presentation will run from 10 AM to 6 PM, and will take place at EngineTec, Inc., 1397 Taylor Farm Road Virginia Beach, VA 23453. A lunch menu and light refreshments will also be provided. Attendees can RSVP with names and contact details via email to: mitzelle@axialvectorenergy.com or ngnunez@axialvectorenergy.com

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Michael
7/1/2009 7:18:18 PM

Axial Vector Energy Corp. (AXVC.PK) Licensed to Produce Multi-Fuel Engines in Malaysia

Axial Vector Energy Corporation recently announced the sale of its first license to produce its multi fuel “work horse engines” in Malaysia. Premier Group, with headquarters in Kuala Lumpur, Malaysia signed the exclusive license agreement covering Malaysia, Indonesia and parts of Southeast Asia. The company agreed to produce a minimum of 5,000 workhorse engines to be configured for palm oil use only. The agreement calls for a non-refundable fee of $500,000 dollars as well as a durability pilot site for 5,000 hours. On completion of the durability testing, Premier will provide contract production in SE Asia for the engines, or may choose to open its own production facility.

Payment of $1,000,000 will be received both at the start up of the production facility and when the first engine is completed. The company will receive further milestone payments of $500,000 at completion of technology transfer to the production facility. After the first 500 engines are produced, AVEC will receive $2,000 per engine royalty on a perpetual basis.

AVEC has agreed to provide the first right of refusal to purchase the continuing royalty should it decide to sell its forward revenue stream. As part of this agreement, Premier shall also receive a first right of refusal to license AVEC electric motors or coreless generators after the initial payments of $3,000,000 are complete.

Rahim Mahmud, Managing Director of Premier Group, stated, “We are very pleased to be the first licensee to be able to produce this extraordinary engine. The enormous torque band allowing operation without a transmission and its ability to run on Palm Oil only or many other fuels creates an ideal situation for our country and most of Southeast Asia. As the world’s largest producer of Palm Oil, our country has enormous ability to use these engines for very low cost power using “non fossil fuel”. We believe this sets the standard for the future of clean power without hydrocarbons and we will be bringing officials of the Malaysian Government to the AVEC Technology Demonstration in Virginia Beach, USA on July 14th.”

Ahmed Khalifa, AVEC Chairman, added, “This license and the revenue received under it represent what we believe will be the first of many revenue streams in 2009. Mr. Mahmud’s background in Oil and Gas and their company’s ability to deploy the engines using value added Palm Oil will be very profitable for all and provide a springboard of commercial credibility which can then be expanded to other areas of the world.”

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Michael
7/6/2009 4:05:55 PM

Axial Vector Energy Corp. (AXVC.PK) Updates Investors on Upcoming Technology Presentation

Axial Vector Energy Corporation announced earlier this morning that its President and CEO, Sanjai Chhaunker, has posted an update letter to the global investment community on the company’s website.

Mr. Chhaunker stated, “The Palm Oil shipped from Kuala Lumpur, Malaysia to our facility in Virginia from our first licensee Premier Group has arrived and is ‘good to go’. We expect to be able to make major announcements at the presentation and look forward to presenting our family of technologies to new customers and investors from around the world.”

Axial Vector Energy Corp., a global solutions provider, is focused on owning, developing, investing in and licensing revolutionary technologies. The company’s cutting-edge technologies are designed to fulfill global engine and energy needs by delivering greater fuel-efficiency, cost effectiveness, versatility, and environmental sensitivity than ever before in venues from the commercial to the industrial.

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Michael
7/10/2009 6:27:49 PM

Axial Vector Energy Corp. (AXVC.PK) Faces Unusual Issue

Axial Vector Energy Corp., developer of innovative high-efficiency engines, motors, and power generators, has an unusual problem. There are turning out to be enough different benefits and potential applications of its technology that it’s becoming difficult to know what to focus on.

Just in the field of commercial applications, there is an enormous near-term market for AVEC engines and GENSETs (engine/generator combinations for producing electric power). Due to their revolutionary design, AXIAL internal combustion engines are more fuel efficient, making them attractive to any operation concerned about fuel costs. The design requires fewer operating parts, which helps reduce maintenance.

They are also smaller and lighter, for a given power output, which makes them useful for vehicle and mobile applications. Increased gas mileage and reduced emissions are increasingly compelling reasons for adoption of the new technology, not just for cars and trucks, but also for tractors and other industrial vehicles and equipment.

As if that weren’t enough, they can run on a wide variety of fuels, including gasoline, diesel, kerosene, bio-diesels, JP5 and JP8 fuels, ethanol, and, with minor conversion, they can even run on natural gas or propane.

Scaled down versions of the AVEC engines and GENSETs can also be used for refrigeration and air conditioning applications, in which substantial amounts of electric power are currently being used. The engines are already being tested for use on mobile platforms and various other commercial applications.

For military deployment, the combination of the efficient Axial Vector Engine and AVEC electric generators (GENSETs) provides a number of potential uses. One of the product’s key features is the fully integrated digital control system, including control over a wide variety of parameters, such as engine speed. The system is also satellite-communication capable, allowing it to be remotely monitored and diagnosed. This is especially useful for geographically wide-ranging or inhospitable military environments.

In short, AVEC engines, motors, and generators are far more efficient and economical, plus run on almost any type of fuel and are environmentally friendlier. Sure, it’s a problem when there are so many opportunities you could point resources at. Then again, it’s the kind of problem every CEO in America wishes they had.

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Michael
7/14/2009 7:22:27 PM

Axial Vector Energy Corp. (AXVC.PK) Anticipates Multiple Income Streams

Axial Vector Energy Corp, best known as a maker of energy conversion systems that are among the most efficient in the world, recently provided some valuable insight into its short and long term marketing and financial plans, suggesting an expected diversity of future income. The information came directly from Sanjai Chhaunker, Axial President and CEO.

On July 14th, the company will demonstrate the Axial Vector (AVEC) multi-fuel engine and 100KW “coreless” generator/electric motor to representatives of their new Malaysian licensee as well as the Malaysian government. The event is to demonstrate the generation of power from palm oil shipped from Malaysia to Virginia Beach, the site of the demonstration. At the same time, the company is working to complete two additional licenses and hopes to announce the addition of those significant revenue streams at the demonstration.

In support of its growing international activities, Axial is now working closely with Global Operations LLC, a conduit to worldwide investment markets. Global effectively provides Axial Vector with marketing, licensing, financial, and legal staff in several countries, giving AVEC the ability to go after marketing and profitability opportunities far more quickly. Global did a complete technology review of AVEC prior to agreeing to represent them. AVEC believes that the upcoming filing of its “Form 10”, combined with its licensing royalty, has significantly raised its profile and value, and hopes to make presentations to prominent institutional investors in Europe and the Gulf Cooperating Council.

Global also organized a top-level tour, introducing the Petro Avec technology to commercial and government decision makers in India. The technology, a new and more efficient way of removing sulfur impurities from oil, is part of a joint venture between AVEC and Petrosonics LLC. As a result, AVEC expects to have a signed agreement very soon to fund all costs for a mini commercial plant. Third party data shows that royalties from the technology could yield $2 per barrel to Petro Avec, with oxidative desulphurization showing over $3 billion in potential revenue.

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Michael
7/20/2009 5:07:54 PM

Axial Vector Energy Corp. (AXVC.PK) Demonstrates the Power of Palm Oil

Axial Vector Energy Corp. (AVEC) is a global solutions provider with interests in revolutionary technologies such as internal combustion engines and electric power generator technologies for military, industrial and commercial applications.

AVEC’s engines are smaller and lighter than conventional engines, and because they have roughly 80 percent less parts than conventional engines, they also require less maintenance and cost less to produce and operate. AVEC engines also run on cost efficient alternative fuels; the company’s most recent announcement supports this feature.

AVEC last week announced the results of its recent demonstration of its palm-oil fueled engine. The successful performance was a required milestone in accordance with its licensing agreement with Premier Group, and is expected to generate additional milestone payments from Premier Group.

The demonstration showed palm oil to be an inexpensive and local alternative to imported conventional fuels. It also reaffirmed that biofuel feedstocks, including palm oil, emit far less CO2 in AVEC engines than conventional fossil fuels, and sets the company on track to follow through with its marketing plans.

“This successful demonstration of our engines using palm oil only is a long awaited milestone. We will now proceed with the licensing and market awareness programs presenting the value of our products to the world’s attention,” Sanjai Chhaunker, president and CEO of AVEC stated in the press release.

The company said it also successfully demonstrated its coreless, 98.5 percent efficient electrical generator, the Axial Flux. Per the agreement with Premier Group, Premier Group has a first right of refusal to license AVEC’s products.

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Michael
7/21/2009 5:30:33 PM

Axial Vector Energy Corp. (AXVC.PK) Joint Venture to Present at Global Refining Summit

Axial Vector Energy Corp. is a global solutions provider that owns, develops, licenses and invests in revolutionary engine and energy technologies. These technologies are expected to have widespread uses in various military, industrial and commercial applications.

One of Axial Vector’s joint ventures – PETRO AVEC LLC – has been invited and will present its technology at the Global Refining Strategies Conference in Houston, Texas on October 29-30, 2009. PETRO AVEC LLC is a joint venture between Axial Vector Energy (40%) and Petrosonics LLC (60%) to develop, finance and market Petrosonics’ sulfur removal technology globally.

The Global Refining Strategies Summit in Houston brings together the most knowledgeable and influential leaders in the refining industry from across the globe. It is the world’s showcase to explore strategies and benchmark the latest technologies to overcome the economic and environmental issues facing the world’s refiners.

Petro-AVEC CEO Dr. Mark Cullen stated, “With our global patent footprint now essentially complete, we will be introducing our sulfur removal and oil upgrade technology and results to the world. Third party data of our accomplishments as well as mass commercial deployment will also be presented.”

Chairman of the company, Mr. Ahmed Khalifa, said, “This invitation underlines the importance of efficient sulfur removal technology and being the pioneers in our specialized field of oxidative desulfurization and heavy crude upgrade. We are pleased to accept the invitation for a presentation to showcase our technology to the oil industry professionals who will be present at this important event.”

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Michael
7/22/2009 6:34:11 PM

Axial Vector Energy Corp. (AXVC.PK) Announces Global Operations LLC as Advisor

Axial Vector Energy Corporation recently announced that Global Operations LLC will begin serving as an advisor and will also be positioned to provide strategic planning and financial access to investors. Axial Vector Energy Corporation, a publicly-traded global solutions provider who owns, develops and licenses advanced internal combustion engine and power generator technologies, is excited to work with Global Operations on forthcoming projects.

AVEC focuses on applying technology to develop new, smaller and lighter internal combustion engines that produces significantly greater horsepower on less fuel than conventional engines of similar size. The Axial Vector engines design will comfortably meet the challenges that current internal combustion engines face, including mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines.

Paul Farah, Global Chairman and Group CEO stated, “The existing technologies, current Joint Ventures and planned acquisitions makes AVEC an ideal company at the right time to introduce to Gulf Investors and License on a Global basis. Global’s reach extends also towards the North African and Asian markets. The Gulf countries, particularly the United Arab Emirates, are always striving to beat the forefront of development that is why we are very interested in long term relations with companies such as AVEC who are at the forefront of technological developments.”

Sanjai Chhaunker, AVEC President and CEO added, “Having the Global team of finance, legal and accounting expertise will allow us a Global footprint soon for our technologies and accomplishments.”

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Michael
7/28/2009 5:21:13 PM

Axial Vector Energy Corp. (AXVC.PK) Provides Shareholder Update

Earlier this month, Axial Energy Corp.’s President and CEO issued the following update to shareholders:

Dear Shareholders,

On Wednesday, June 24th, our new financial advisors Global Operations, LLC purchased the remaining AVEC shares owned by Emirates International Capital Advisory (EICA). They have made this investment for investment purposes only and we are pleased by this positive development even while they are in the early stages of our long term strategic plan. We anticipate announcing key elements of the company’s licensing and profitability structure during our presentation July 14th in Virginia Beach, Virginia.

We have been informed by EICA that their sale to Global Operations, LLC is in no way a reflection of any ill feeling or lack of faith in our technology results.

Dubai, like all areas of the world, is working through an extremely difficult period and EICA has been mandated to redirect its all energies to its core capital areas. We continue to maintain excellent relationships with EICA and I would like to express my sincere appreciation to Mr. Ahmed Khalifa for his efforts, guidance and support while serving on our board of directors.

As previously mentioned, on July 14th, we will be showcasing and demonstrating our AVEC Family of Technologies including our multi-fuel work horse engine and our 100kW “coreless” generator/electric motor. Representatives of our new Malaysian licensee Premier Group and a representative of the Malaysian Government will be present to witness the creation of power from our engines using their palm oil. The palm oil has arrived from Malaysia to Virginia Beach and will run in our engines for multiple hours prior to demonstration. We are also working feverishly to complete two additional licenses whose significant revenue streams could also be announced prior to or at our July 14th demonstration.

The addition of the Global Operations’ team is significant for your company. With staff in several countries covering finance, legal, accounting, marketing, licensing, and compliance, we will have the ability to jumpstart our marketing and profitability without absorbing high over head which we normally acquire. Global Operations, LLC is being compensated an amount equal to ten percent (10%) of financing provided and has received warrants to purchase Five Hundred Thousand (500,000) common shares at One Dollar (US $1.00) and an additional Five Hundred Thousand common shares (US$1.50) and a third Five Hundred thousand (500,000) common shares at Two dollars (US$2.00).

The completion of these strategic plans we believe will coincide with the July 14th event, we have also agreed to organize a “road show” to prominent institutional investors in Europe and the GCC (Gulf Cooperating Council). The company anticipates that the upcoming filing of its “Form 10” combined with its licensing royalty has significantly raised the profile and value of AVEC. Global principals before joining together had increased their capital under management from US$ 3 Billion to US$ 7 Billion in fewer than three years. They have tremendous credibility in the capital markets with Institutional Investors and High Net Worth Investors (HNWI) throughout the Middle East and Europe.

Prior to Global agreeing to represent us they did a complete technology review of the current status on engines and generators and also organized a top-level tour to India to introduce the Petro Avec technology to decisions makers in both the government and private sector. We are hopeful to have a signed agreement prior to July 14 to fund all costs for a mini commercial plant. It should be noted that under such an agreement AVEC will have completed its entire US$ 7 million investment for its forty percent (40%) ownership of the PETRO AVEC JV. This would be a very large gain for the company shareholders. Third party data from the number one and number five oil companies show that royalties of heavy crude upgrade could yield $2.00 per barrel to PETRO AVEC. Oxidative Desulphurization shows over three billion dollars in revenue to PETRO AVEC with a small market penetration. We have completed investment so far in PETRO
AVEC of US$ 300,000

We are also redesigning our website and also believed that the signing of our first joint venture and or license via our Petro AVEC investment should come prior to July 14th also.

The company is now in position for the first time to produce revenue ongoing and we are conscious that we must work to “tell our story” to the global investment community. Steps are being taken to actively promote the company around the world and announcements will be forthcoming to make the world aware of the tremendous benefits and profitability our products and JV’s could yield.

In closing and delighted to be presenting to you these positive developments for your company and I look forward to meeting many of you on July 14th. The company will post videos and its announcements immediately after the presentation and will also schedule an international conference call to allow investors throughout the world to be aware of these important upcoming developments from AVEC.

Sincerely yours,

Sanjai Chhaunker (Signed)
President and CEO

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Michael
7/29/2009 6:34:34 PM

Axial Vector Energy Corp. (AXVC.PK) Successfully Demonstrates Its Engine Running on Palm Oil

Axial Vector Energy Corp. is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies. The technologies that the company is involved with include internal combustion engines and electric power generator technologies that have potential in military, industrial and commercial applications.

Axial Vector Energy recently announced a successful performance demonstration of its engine running on palm oil, a non-fossil fuel. The demonstration showed that certain less expensive biofuel feedstocks, such as palm oil, can be used in the company’s engines and produce significantly less CO2 emissions.

This demonstration again showed how many advantages Axial Vector Energy’s engines offer. Their engines are lighter and smaller than conventional engines, incorporate about 80% fewer parts than conventional engines, require less maintenance, have a high power-to-weight ratio and are less costly to produce and operate. The company’s engines are also cleaner with fewer emissions and have been shown to be capable to be run using nearly any fuel.

This demonstration using palm oil was a required milestone in a recently announced licensing agreement with Premier Group of Malaysia and should lead to further milestone payments to Axial Vector from Premier Group as per the agreement. The demonstration was significant for both the company and the country since Malaysia is one of the world’s largest producers of palm oil.

President and CEO of Axial Vector Energy, Sanjai Chhaunker, stated, “This successful demonstration of our engines using palm oil only is a long awaited milestone. We will now proceed with the licensing and market awareness programs presenting the value of our products to the world’s attention.”

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