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Rival Technologies Inc.: CWI Technology Demonstrated to US Navy
Tuesday July 20, 9:01 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 20, 2004--Rival Technologies Inc., (OTCBB:RVTIF - News), announced that its development partner, MA Turbo Engine Ltd., demonstrated CWI technology for the US Navy this past week.
The demonstration involves the set up and operation of CWI technology on different types of marine diesel engines in a controlled test environment. It will continue in a week.
After completion of these tests and evaluation of results, the US Navy will consider the use of CWI Technology on their marine coastal ships.
CWI technology is a continuous water injection system that allows for reduction in diesel emissions and reduced fuel consumption while improving engine performance.
On behalf of the Board of Directors
Robin J. Harvey, President
Certain statements in this press release constitute "forward looking statements" within the meaning of the United States Securities Legislation. The Company's actual results could differ from those in the forward-looking statements. Do not construe this information as investment advice. This is not a solicitation to buy or sell securities. This does not purport to be a complete analysis of the Company Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult their own independent advisers with any investment, including any contemplated investment. All information contained in this press release should be independently investigated. This press release contains forward-looking statements. These remarks involve risks and uncertainties. Risks are not limited to quarterly fluctuations in results or the companies' management of growth and competition. Other risks are detailed in the Company's SEC filings. Actual results may differ materially from such information set forth herein.
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Contact:
Rival Technologies Inc.
Robin J. Harvey
President
(604) 689-0584
Fax: (604) 648-9083
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