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g_money
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A Detailed Look at Axial Vector Energy Corp.’s (AXVC.PK) Joint Venture with Petrosonics

Axial Vector Energy Corp. (AXVC.PK) announced this week that it has teamed up with privately held Petrosonics, LLC, of Reno, Nevada, to develop and market Petrosonics’ sulfur removal technology. Axial’s wholly owned subsidiary, AVEC Acquisitions, represents Axial’s side of the joint venture, and will contribute an initial $6.8 million. The joint venture will be named Petro-AVEC, and will focus on the global refining industry, while continuing development of proprietary technology for the treatment of sour crude oil.

Axial Vector, commonly referred to as AVEC, is best known for the development and licensing of its revolutionary internal combustion engine and electric power generator technologies. The technology allows AVEC to produce unusually efficient multi-fuel engines that are highly cost effective, environmentally superior, and are scalable to all sizes.

Petrosonics is a development stage intellectual property licensing firm specializing in oil refining technologies. It’s best known for using high power ultrasound to reduce sulfur, nitrogen, and trace metals in oil, while also reducing oil density and hydrogen loss. As a result, sour oil becomes less sour, making available more useable refined product, and effectively increasing the value of each barrel of oil. The company owns all of the significant intellectual property associated with ultrasound assisted oxidative desulphurization of all oil fractions, and the upgrade and desulphurization of crude oil, and has intellectual property coverage for more than half of all crude oil produced.

In comments on the joint venture, AVEC Chairman Ahmed Khalifa emphasized the strength of Petro-AVEC technology: “Petro-AVEC products and services have broad application for removal of sulfur and nitrogen in multiple refinery applications. In-refinery testing has demonstrated that Petrosonics, LLC’s proprietary technologies and processes are capable of achieving both present as well as near term U.S. sulfur limits in refined diesel. These results were accompanied by increased hydrotreater throughput and efficiency.”

He added, “Testing results at one major state oil company owned refinery, utilizing the Petrosonics fractionation/desulphurization process, showed annual per stream cost savings of in excess of $54 million and a per barrel reduction from $4.00 to $1.00. We believe that EICA is uniquely situated to assist Petro-AVEC in introducing its products, services and technologies to the worldwide production and refining industries. Longer term, Petro-AVEC’s continued development of technologies, products and processes for treatment of sour crude represents significant additional market opportunities.”

Petrosonics CEO, Dr. Mark Cullen, stated that “the combined financial and strategic strengths of both AVEC and EICA will enable and facilitate the commercialization of Petro-AVEC’s products, services and technologies.”

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Emirates Capital of Dubai Agree to Finance Axial Vector Energy Corp.’s (AXVC.PK) New Joint Venture with Petrosonics
Axial Vector Energy Corporation announced today that Emirates International Capital Advisory (EICA) will be financing the recently announced Joint Venture between Petrosonics LLC and AVEC called PETRO AVEC. The $7 million dollars of debt financing provided by Emirates Capital will be secured against AVEC’s ownership interest in the JV. EICA will be entitled to full repayment of its contribution from license fees received by the JV and will also have a five percent overriding royalty of per barrel income to the JV.

AVEC also announced in the press release that it is restructuring its credit agreement with EICA, which was suspended due to lack of delivery of its engines and generator technologies which are now being delivered and presented to customers.

Mr. Ahmed Khalifa, Chairman of AVEC, commented, “We are grateful to Emirates Capital for our new credit agreement and the financing of our Joint Venture with Petrosonics. All of this was made possible by our engineers finishing our products and the presentations we organized for Dr. Mark Cullen in the Gulf Cooperation Council Countries over the last two weeks with the world’s best oil producers and refiners. Our company agrees and will cooperate with President Obama to bring our clean and green technologies to the world.”

Dr. Mark Cullen, President of Petrosonics L.L.C. added, “The EICA contacts and financial abilities were well demonstrated in my two weeks making presentations at the highest levels of Gulf National Oil companies, Family offices and Royal Family members. We will now activate our current pilot plant with outside experts to optimize the sulphur removals and heavy oil upgrades. With our patent matrix complete we believe the value of the joint venture has the ability to grow beyond the two billion dollar mark which I obtained when I was President of Sulphco (AMX: SUF).”

Arash Masom, Senior Managing Director of Emirates Capital, stated, “From the beginning of the process, AVEC is the only company now capable of both completely removing sulphur from hydrocarbon products and to running engines on multi and clean fuels. Our new AVEC coreless generators are producing efficiencies only before seen in large room sized generators. We believed in AVEC from day one and now they have proved to us, and the world that their word was good.”

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Axial Vector Energy Corp. to Make First Customer Demonstration of Engines and Generators

Axial Vector Energy Corporation announced today that outside testing engineers have confirmed the 352 hp workhorse engine and 100kw generator are ready for customer demonstrations. Early next week, both will be demonstrated to civilian and military buyers as well as possible licensees.

According to the press release, representatives from the wind industry, trucking, power generation and other key users have accepted invitations to view the demonstrations of these breakthrough products at the testing facility in Virginia.

Mr. Sanjai Chhaunker President and CEO of AVEC commented, “This day of being able to show our running products is the milestone the company and its shareholders have been waiting for. These demonstrations also include key industry manufacturers in the engine and generator business that are eager to provide manufacturing capacity. Our products can provide jobs in the USA building cleaner, lower cost power alternatives using much less fuel whilst simultaneously providing much more power”.

Mr. Ahmed Khalifa, Chairman of AVEC added, “Having this wonderful news in the same week we have entered into our Joint Venture with Petrosonics means our company is now poised to be the world leader in two of the most troubling areas of environmental concern. Cleaner engines and power using much less fuel and the only company in the world with proven technology to remove sulphur from oil, bodes well for our shareholders and the worlds environment”.

The company also announced that a new video clip of the engine running in its test cell is now available at www.axialvectorenergy.com

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AXVC.PK - .37 - recent news

Monday March 23, 2009, 7:12 am EDT
Adaptive Propulsion Systems and Axial Vector Energy Schedule Technology Transfer Closing Date for April 4Th, 2009 Due to Successful Demonstrations Last Week
http://finance.yahoo.com/news/Adaptive-Propulsion-Systems-bw-14713102.html

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AXVC.PK New Venture Cost Savings Impossible to Ignore

The Axial Vector Energy Corp. (AXVC.PK) Petrosonics joint venture offers the world’s oil processing industry a technology and cost savings that is sorely needed. Axial Vector’s earlier announcement that it has teamed up with Petrosonics to form a joint venture company named Petro-AVEC means that Petrosonics’ unique sulfur removal process will now have the backing to be marketed worldwide. Axial’s AVEC Acquisitions subsidiary is contributing nearly $7 million to the venture to help market and continue development of the technology.

The innovative process uses high power ultrasound to reduce sulfur, nitrogen, and trace metals in oil. A side benefit is the simultaneous decrease in oil density and hydrogen loss. Put simply, the net result is a product that is worth more, at a cost far less than competing technologies. Petrosonics owns all of the significant intellectual property associated with the technology, which effectively covers more than half of all crude oil produced.

AVEC Chairman Ahmed Khalifa has touched on the cost savings potential the process represents to worldwide oil refiners: “Testing results at one major state oil company owned refinery, utilizing the Petrosonics fractionation/desulphurization process, showed annual per stream cost savings of in excess of $54 million and a per barrel reduction from $4.00 to $1.00.”

The economics of the technology is important, since there is increasing pressure by governments around the globe to reduce sulfur emissions from automotive fuels. It’s especially significant for small to mid-sized refineries, for which alternative sulfur reduction approaches, such as hydrotreatment, are not cost effective. In addition, the new technology can be applied to multiple fuels, including gasoline and diesel.

The result is a new way to save the environment while saving money, a double-hitter that’s impossible to ignore.

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Doesn't appear to have done much lately... I wish the release would have threw some numbers out there regarding the engine...

Scottie shows 36.3M OS... as always please do additional DD on your own. I have no position...

Axial Vector Energy to Be Featured, "Special Edition TV" on Fox TV Sunday, Sept. 27th, 11:00 Eastern Time

Axial Vector Energy to Be Featured, "Special Edition TV" on Fox TV Sunday, Sept. 27th, 11:00 Eastern Time
Special Edition TV and the Global News Group Announces the Inclusion of Axial Vector Energy as a Feature Story on Their 2009 Environmental and Green Technology Series

DUBAI, UNITED ARAB EMIRATES--(Marketwire - August 27, 2009) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today that its revolutionary Axial Vector Engine will be featured on the Global News Group Program "Special Edition TV." The program is designed to provide a platform for companies and organizations to talk about and present their solutions. Select companies are provided with international exposure via customized news reports reaching industry leaders and people through various news and media outlets.

On July 14, 2009, Host and Managing Editor of "Special Edition TV", Ileana Bravo interviewed representatives from AVEC at their first United States-based live demonstration of the "axial flux" and GENSET technology power generating system. Footage from these interviews, demonstrations, and other sources was compiled to help deliver this story of advanced green technology.

Ms. Bravo commented, "The fact that this engine runs on bio-based oil as fuel is significant in several ways. Palm oils that are totally renewable fuel sources can be harvested from our Earth's equatorial regions providing needed jobs and social development. Developing countries in these regions can now enter the world economic stage as a viable and important player. The environmental impact of using palm oil as a fuel source is minimal, and this fuel source is one that you can literally drink. That is amazing."

The revolutionary Axial Vector Engine is AVEC's flagship technology and will serve as the core of the company's initial market applications. This incredibly powerful, lightweight, and highly efficient radial-design engine is capable of producing significantly higher horsepower and torque with considerably lower fuel requirements than is the case for conventional engines of similar size. At the same time, the Axial Vector Engine is less costly to manufacture and operate, and provides significant environmental advantages over standard internal combustion engines.

In addition to its engine technologies, AVEC has designed a revolutionary new family of high-power "Axial Flux" coreless electric generators that reach 98.5% efficiency in converting mechanical to electric energy. AVEC's Axial Vector Engine is designed to be seamlessly integrated with two 100 kW Axial Flux generators in order to create a 200 kW generator set (GENSET) that is expected to become AVEC's first commercially marketed product.

"We are encouraged at the reception this technology has already garnered," states Samuel Higgins, Chairman of the Board of Directors. He goes on to note: "So much so, that we have been invited to present at the International Green Summit this November in Moura, Portugal and will launch our new web site next week for OEMs (for engines) to quickly review and receive production information. Sanjai Chhaunker (Our President & CEO) and I will be posting a comprehensive shareholder letter which reviews all areas of AVEC and outlines the future for our company soon."

http://www.marketwire.com/press-release/Axial-Vector-Engine-Corp-FRANKFURT-BAE1- 1036342.html

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