Axial Vector Engine Corp. (AXVC.PK) Chairman Letter to Investors
First and foremost I would like to take this opportunity to thank you for standing by Axial Vector through the turbulent times. Your support is vital to our ability to finally commercialize this technology that we are all very proud of.
During our development phase and delays, various events have occurred which have caused many to question the actual progress and development of our engines, generators and electric motors. The fact that our joint venture partner in this development is a top military supplier has not, in the past, helped to reveal and keep the outside community informed.
We had all always known this was the case but nevertheless now that it has been officially clarified, AVEC is able to move forward at full speed!
Posted on our website, you will see that we have included the testing of our generator and within this week we will have another video posted showing the final testing of our engine.
I have recently concluded my travels to Asia and the Far East. These extensive travels have resulted in the signing of various NDAs to develop and test our various technologies in India, Malaysia and Korea. These agreements are currently in the research phase which is being done by the other parties.
Axial is not sharing all of its technology with a single company in any one country, we believe that the most profitable way forward is to allow the interested companies to research their respective markets, advise us as to the product or products most suited to them, to start testing and then to look at how best to supply each market.
We currently have generators that are state of the art and probably the highest efficiencies available to the public market. Our electric motor is another product that has mass market potential and is attracting a lot of interest currently. Finally, there is the engine which started this whole family of technologies, the first truly multi fuel engine, delivering three times as much torque as a conventional engine, smaller, lighter and 50% less parts, the advantages of this product are self explanatory!
Our ability to produce clean mobile power platforms, use clean fuels and in case of shortages run on an alternative, more readily available source. Our eligibility to obtain carbon credits for power produced using clean fuels clearly sets us up as a formidable force on the power production map, not to mention the clean energy and environmental conservational stage.
Once again I would like to thank you for your continued support and confidence in AVEC, soon to be one of the major suppliers of clean and efficient power platforms.
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