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
4/27/2009 4:19:11 PM

Axial Vector Energy Corp. (AXVC.PK) and Petro-AVEC Forms New Joint Venture Axial Vector Energy Corporation announced over the weekend that it has formed a Joint Venture involving Petro-AVEC (the previously announced Joint Venture between AVEC and Petrosonics, LLC) and Constellation Capital Management, LLC of Novato, California. This Joint Venture will be named Petro-AVEC North America, LLC (”PANA”). PANA intends to establish its North America headquarters in Northern California immediately. According to the press release, Constellation Capital Management, LLC will own 15% of the JV and Petro-AVEC will own 85%. Petro-AVEC also announced that Constellation Capital’s Senior Advisor William Jeffrey Gilliam has been appointed as PANA’s Chief Executive Officer. Commenting on his appointment as PANA CEO, Bill Gilliam stated, “I am thrilled to join a worldwide team lead by Dr. Mark Cullen. Dr. Cullen’s broad accomplishments in the Health Care field stand alone in representing a life time of hard work and World Class scientific achievement. Dr. Cullen’s achievements merely served as a starting point for the technical and scientific achievements that culminate in the broadly patented technology of Petro-AVEC.” He continued, “I am looking forward with great enthusiasm to what I believe will be a very exciting and dynamic expansion of Petro-AVEC’s worldwide licensing opportunities. We expect to capitalize very quickly on the broadly patented technology inside Petro-AVEC. I have spent most of my last 35 years working in this industry, not only in Investment and Merchant Banking, but also directly through my successful career history with numerous companies in this sector including Merck and Co., Chemdesign, Calgon Carbon, Polymer Corporation and Rexene Corporation where I was CEO.” Petro-AVEC CEO Mark Cullen, M.D. stated, “We are very pleased to continue AVEC’s longstanding relationship with Constellation Capital Management’s principals. Petro-AVEC recently announced that Emirates Capital (EICA) will provide the initial $7,000,000.00 USD in funding for our project. EICA has deep strategic relationships in the World Wide oil production and refining industries.” “The newly formed Petro-AVEC North America Joint Venture will facilitate and accelerate the introduction of Petrosonics proprietary products and services to oil producers and refiners in the United States, Mexican and Canadian markets,” he added. “Petro-AVEC believes that Bill Gilliam’s 35 plus years of Merchant Banking and Capital Markets experience will be a significant benefit to Petro-AVEC’s North American business plans and opportunities. I look forward to working with Bill Gilliam and our PANA team as we continue the process of immediately monetizing Petrosonics products and services to the North American markets.” Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
4/29/2009 6:57:33 PM

Axial Vector Energy Corp. (AXVC.PK) Petro-AVEC JV Working to Distribute Patented Technology Worldwide Axial Vector Energy (AXVC.PK) was pleased to announce recently that its wholly-owned subsidiary, AVEC Acquisitions Corporation, and Petrosonics LLC have entered into a joint venture agreement. Petro-AVEC, the official name of the new joint venture, will bring key members from both companies together in an effort to develop, finance, and market Petrosonics’ sulfur removal technology worldwide. Petrosonics has developed a technology that increases the amount of refined product extracted from a barrel of oil. With a moderate temperature and atmospheric pressurized environment, a high-powered ultrasound is used to reduce the amount of sulfur, nitrogen, and trace metals typically found in petroleum. The process increases API (American Petroleum Institute) gravity and volume while reducing oil density and hydrogen loss. The process renders more usable refined end-product than traditional methods and even turns “sour oil” into a less sour product. Dr. Mark Cullen, founder of Petrosonics, has been the driving force for refining the technology. Cullen initially presented the process at the National Petrochemical Refiners meeting in 2001 and afterwards he continued to work on the process. Cullen went forward and filed a US patent application for the technology on April 4, 2003. Cullen was definitely on the right track as CITGO entered onto the scene and evaluated the technology between April 2001 and June 2003. CITGO concluded that the technology would “be efficacious for cost effectively removing sulfur and nitrogen from refined oil products and compatible with all the world’s major refiners” and would “be highly useful for desulfurizing and upgrading heavy oil and crude by changing the API.” Currently, Petrosonics owns all the essential intellectual property associated with the innovative refining process. The company already holds a number of patents, included several key European patents awarded just this year, as well as over 1,500 pending claims. Additionally, a third party team has tested and confirmed the efficacy and cost benefits associated with the ultrasound assisted oxidative desulphurization process. Petrosonics is currently in negotiations with a major U.S. based oil company and with Ecopetrol, the national oil company of Colombia. With the tremendous positive response to the technology, the Petro-AVEC joint venture should be able to meet the market demand and get the technology out to refiners worldwide. Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/4/2009 3:37:38 PM

Axial Vector Energy Corp. (AXVC.PK) is Leading the Way in New Engine Technology Axial Energy Corporation owns, develops, and licenses revolutionary internal combustion engine and electric power generation technologies for various applications. The company employs its patent-pending “axial flux” engine and generator set technologies to produce highly efficient, cost-effective and environmentally sensitive multi-fuel engines and motors that are scalable across a wide range of settings. Dr. Karl Hermann created the original linear power transmission design concept during World War II. It was subsequently used by the US Navy as a pneumatic drive in the mk 46 torpedos. Following the war, Dr. Hermann continued his work and was successful in creating an engine that was certified by the FAA – Federal Aviation Administration – for flying light aircraft in 1957. In 2004, Axial Vector Engine acquired the rights to Dr. Hermann’s intellectual property and all engine prototypes. What is a linear drive engine? In a linear drive engine, there are two opposing pistons in every cylinder. The pistons in their cylinders are uniformly distributed around the circumference of the drive shaft and move back and forth in a smooth linear motion, parallel drive shaft. This is the axial transfer of energy from the pistons and is a balanced configuration. In a standard drive, there is only one piston per cylinder. The cylinders are located on one side and perpendicular to the drive shaft. This results in an unbalanced engine. Key entry markets for the Axial Vector engine include a number of specific military and industrial applications. The company is also developing a family of electric power generators incorporating its unique Axial Vector technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators. The company has also done a redesign and material upgrade of one of the original engines designed by Dr. Hermann. It is called the Axial Vector Gas-Cam engine which has marine applications. This engine is at least 50% lighter and about half the size of a regular engine. The engine produces 3.0 ft.-lb. of torque per horsepower versus 1.0 to 1.7 ft.-lb. per horsepower in conventional engines. The torque produced by this engine is powerful enough to eliminate the need for a transmission. Axial Vector Engines is also working on many other applications for Dr. Hermann’s original technology. These future applications will include designing new electric motors and engines for Detroit. Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/6/2009 5:45:42 PM

Axial Vector Energy Corp. (AXVC.PK) Joint Venture Technology is Well Secured by a Worldwide Portfolio of Strong Patents International regulations mandate near zero sulfur fossil fuels. It is becoming increasingly difficult to meet these demands, reaching the technical limits of current technology and refinery capacity. As the world’s crude reserves become heavier and more sulfur laden, it will become even more difficult. Axial Vector Energy has taken the initiative to capitalize on this situation by forming a Joint Venture with Petrosonics, LLC of Reno, Nevada. Moving the industry forward, Petrosonics, LLC has developed proprietary systems and methods for removing sulfur and nitrogen contaminants from crude oil and refined fractions, as well as systems and methods for substantially increasing the quality and available energy to be derived from crude oil and fractions thereof. The company also has cost effective methods for removing an intermediate sulphur component found in all oxidized desulphurization technologies. Petrosonics, LLC has secured patent rights to its technology in the U.S. and all countries of the European Union, in addition to others in Hong Kong and Kazakhstan. The company also has patents pending in the U.S., Europe and 18 other industrialized countries around the world, with further patents that are in the process of being issued in all countries of the European Union, and further expected to be issued in Russia and other major industrialized countries and oil producing nations. Petrosonics, LLC has dedicated its efforts to developing proprietary systems and methods that are substantially more effective and economical in removing contaminants from crude oil and fractions, as well as upgrading fuel quality that utilizes existing refinery infrastructure. The company’s joint venture with Axial Vector Energy will concentrate its development, sales and marketing efforts in the worldwide refining industry. Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/11/2009 3:55:14 PM

Axial Vector Energy Corp. (AXVC.PK) Selects Muse Stancil for Independent Commercialization Report on Sulphur Removal and Heavy Oil Upgrade License Values Axial Vector Energy Corporation announced that it has chosen Muse Stancil to independently evaluate the most effective commercialization model for its Oxidating Desulphurization and Heavy Crude Oil Upgrading technology contained in its Joint Venture with Petrosonics, “PETRO AVEC”. Muse Stancil will also develop a business strategy to maximize the deployment of this innovative technology. Intellectual property patents around the world are protecting PETRO AVEC’s technology for removing sulfur and nitrogen, with or without an aqueous phase, with or without an oxidizing agent and with or without frequency limitations on the sonic equipment at the wellhead, along a pipeline or in a refinery. Using high power sonic energy in a moderate temperature, atmospheric pressure environment, the process reduces sulfur, nitrogen, and trace metals in petroleum while also reducing oil density. The process also increases API (American Petroleum Institute) gravity and volume. Sour crude (greater than 1/2 percent by weight sulfur) becomes less sour, and more useable product is extracted from a 42 gallon barrel of oil. In addition, the volume of treated crude oil expands. The process is fully supported by highly affordable, reliable, available, durable, computerized commercial off the shelf equipment from Germany. AVEC Chairman Mr. Ahmed Khalifa stated, “Muse Stancil is the number one source of validated information to the refinery industry and we look forward to their Global assistance in rapid deployment of PETRO AVEC technology.” Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/18/2009 5:40:38 PM

Axial Vector Energy Corp. (AXVC.PK) JV Partner Granted Patent in Russia, the Second Largest Crude Oil Producer Axial Vector Energy Corporation announced this morning that its PETRO AVEC Joint Venture partner, Petrosonics LLC, was recently awarded a Russian patent that protects the process by which sulfur and nitrogen bearing compounds are removed from diesel oil, FCC cycle oil, FCC slurry oil, light gas oil, heavy gas oil and coker gas oil fractions, utilizing sonic energy and oxidation. According to the press release, the patent will remain in effect for two decades with the possibility of a five year extension. According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d. Russian refineries produce approximately 1.2 million bbl/d of Mazut (heavy fuel oil), 1.3 million bbl/d of middle distillates, and 815,000 bbl/d of gasoline, but require modernization to meet Europe’s growing demand for low sulfur fuels. Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia stated, “Russian oil companies are prime licensing candidates for Petrosonics’ technology. What low sulfur diesel Russia does export moves to export destinations entirely by rail to avoid being blended with Russia’s more generic high-sulfur product, which is exported largely through the refined product pipeline system to Western Europe. Separating low sulfur product from generic high sulfur product and then shipping it by rail is inefficient and expensive. Not having a sufficient supply of low sulfur product also represents a very large opportunity cost. PETRO AVEC offers arguably the lowest total cost of ownership modernization technology which, when deployed, would likely eliminate both the need for product segregation and the paucity of supply of low sulfur product for export.” AVEC Chairman Mr. Ahmed Khalifa commented, “Russia is the second largest crude oil producer and the third largest refiner in the world. Achieving broad intellectual property protection there is key to our continuing effort to achieve broad patent protection in 42 different oil producing and oil refining nations. As stated in earlier news releases, these 42 countries represent 55.7% of all crude oil production, 30% of world crude oil reserves, and 40% of the world’s refining capacity. The value of having protection for the world’s newest, cleanest and lowest total cost of ownership refining technology in those 42 countries will be the subject of a third party expert report coming out shortly from the international oil industry technology valuation team at Muse Stancil, www.musestancil.com. We very much look forward to their report.” Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
5/21/2009 5:14:52 PM

Axial Vector Energy Corp. (AXVC.PK) JV Partner Granted Two Patents in Hong Kong; One in Kazakhstan Axial Vector Energy Corp. today announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, was awarded two Hong Kong Patents, resultant from the award of European Union patents 1 635 924 B1 and 1 668 095/04 781 388.6. The two patents protect the method by which sulfur and nitrogen bearing compounds are removed from diesel oil through the use of sonic energy and an oxidizing agent. They also protect a related process for the removal of the resultant oxidized sulfur and nitrogen contaminants. Several oil and gas companies have based their operations in Hong Kong, including CNPC Hong Kong, China Resources Petroleum Company, Ltd., SS United Oil & Gas Company, the Hong Kong and China Gas Company and the Hong Kong Petrochemical Company. The Hong Kong Petrochemical Company plans to invest HK$40-60 billion in the construction of an oil refinery, oil tanks, power installations and filling stations in Hong Kong. The company also announced that Petrosonics LLC was recently awarded Kazakh Patent No. 19582, protecting the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for two decades. British Gas (BG), Chevron, ConocoPhilips, ENI, Exxon Mobil, Exxon Mobil CPC, Inpex, LukArco, Lukoil, Rosneft-Shell, Shell, Total and Transneft (Russia) all have major projects in Kazakhstan. At 1.7 million barrels per day, Kazakh oil exports are growing rapidly. The refining sector in Kazakhstan has three major oil refineries with total crude oil refining capacity of 345,093 bbl/d. Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia and the former Soviet states, stated, “The major oil companies are investing heavily in Kazakhstan, which bodes well for infrastructure spending and licensing through PETRO AVEC. The refining sector, which is State-owned, is under-developed but will benefit from crude oil revenue driven investment. We see a substantial opportunity to not only market into both the upstream (wellhead) and downstream (refinery) markets, but to market to the large, global oil companies as well. Refineries are acknowledging that PETRO AVEC Technology could be worth billions of dollars of cost savings and profits when fully deployed.” AVEC Chairman Mr. Ahmed Khalifa commented, “Achieving this broad intellectual property protection in Kazakhstan and Hong Kong represents the milestone in our efforts to achieve broad patent protection in all major oil producing and oil refining nations. We are very pleased with these awards and the markets that they open. While we still have an additional 1500 patenting claims pending the company will now start to accept invitations it has received for licensing negotiations beginning next week. These invitations are the result of technical presentations done by PETRO AVEC to both government owned oil companies and large private refineries.” Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/12/2009 6:06:11 PM

Axial Vector Energy Corp. (AXVC.PK) JV’s Recently Announced Russian Patent for Oil Technology

In May, Axial Vector Energy Corp. announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, recently received a Russian patent protecting the purification process that removes sulfur and nitrogen compounds from diesel oil, FCC cycle oil, FCC slurry oil, light/heavy gas oil and coker gas oil fractions. The patent will remain in effect for 20 years with the possibility of an additional five-year extension.

According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d, and produces significant amounts of heavy fuel oil, middle distillates, and gasoline. Roughly 20.5% of Russia’s total diesel output is exported. However, their refineries need to modernize in order to meet Europe’s growing demand for low sulfur fuels.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia, stated, “Russian oil companies are prime licensing candidates for Petrosonics’ technology. What low sulfur diesel Russia does export moves to export destinations entirely by rail to avoid being blended with Russia’s more generic high-sulfur product, which is exported largely through the refined product pipeline system to Western Europe. Separating low sulfur product from generic high sulfur product and then shipping it by rail is inefficient and expensive. Not having a sufficient supply of low sulfur product also represents a very large opportunity cost. PETRO AVEC offers arguably the lowest total cost of ownership modernization technology which, when deployed, would likely eliminate both the need for product segregation and the paucity of supply of low sulfur product for export.”

AVEC Chairman Mr. Ahmed Khalifa added, “Russia is the second largest crude oil producer and the third largest refiner in the world. Achieving broad intellectual property protection there is key to our continuing effort to achieve broad patent protection in 42 different oil producing and oil refining nations. As stated in earlier news releases, these 42 countries represent 55.7% of all crude oil production, 30% of world crude oil reserves, and 40% of the world’s refining capacity. The value of having protection for the world’s newest, cleanest and lowest total cost of ownership refining technology in those 42 countries will be the subject of a third party expert report coming out shortly from the international oil industry technology valuation team at MuseStancil, www.musestancil.com. We very much look forward to their report.”

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net


 

 

 

Michael
6/17/2009 6:10:16 PM

Global Operations LLC Agrees to Serve as Advisor to Axial Vector Energy Corp. (AXVC.PK)

Axial Vector Energy Corp. announced yesterday morning that Global Operations LLC will be serving as an advisor to the company. Global Operations has agreed to provide strategic planning and financial access to investors.

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 be at 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.”

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net


 

 

 

Michael
6/27/2009 6:06:47 PM

Axial Vector Energy Corp. (AXVC.PK) Finds New Applications for Proven Concept

Axial Vector Energy Corp. develops and licenses revolutionary internal combustion engines and electric power generators that operate more efficiently and economically, on multiple fuels, and with less environmental impact than comparable products. Based upon the company’s patent-pending “axial-flux” engine and generator set (GENSET) technology, Axial products are fully scalable, with almost unlimited potential for military, industrial, and commercial applications.

The original linear power transmission design concept was created by Dr. Karl Hermann during WWII, and was used by the Navy to power torpedoes. Later he was able to create an engine that was certified by the FAA for use in light aircraft. Today Axial Vector has the rights to the technology, and has moved to apply it to a wide variety of markets.

The company is developing a family of electric power generators that consume less fuel and can be made smaller than any other internal combustion generator. Axial also has the Axial Vector Gas-Cam Engine, a four-stroke engine designed for marine applications. It has substantially fewer parts, essentially eliminating the need for a transmission, is 50% lighter, and is half the size of conventional engines. All of this results in a dramatic reduction in maintenance costs and fuel consumption.

Axial is also in the final stages of development of a diesel engine, also capable of running on other fuels, which is lighter and more powerful than comparable engines, and requires far less maintenance. In fact, it has been calculated that, if the engine were placed in a standard truck and driven continuously at approximately 50 mph, you could expect to go 2 million miles before requiring an overhaul.

Another area of development is the axial flux permanent magnet electrical generator, capable of generating electricity at an amazing 97% efficiency. These unique generators, when combined with the company’s already economic diesel engine, results in one of the most efficient GENSET systems on the planet. Along the same lines, the company has developed ultra-efficient electric motors, spanning a wide range of power levels and operating at costs 30% to 50% less than standard motors.

The scalability and efficiency of all these products opens the doors to a multitude of industrial and residential applications, which has always been Axial Vector’s ultimate goal.

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net


 

 

 

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