Axial Vector Energy Corp. is a global solutions provider delivering revolutionary technologies, including internal combustion engine and electric power generator technologies for military, industrial and commercial applications. The company recently announced the successful completion of its technology transfer in accordance with its acquisition of Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings.
The acquisition correlates with AVECâ€™s mission to become a leader in the international engine and energy markets, and, according to AVEC Chairman Ahmed Khalifa, signals the companyâ€™s intent to move forward with the licensing and production of its energy efficient products.
“Today marks a significant milestone in the history of Axial Vector. Through today’s technology transfer and acquisition of Adaptive Propulsion Systems, we believe we now have all the necessary pieces to ensure the broad based licensing and production capability of our engines, generators, gensets, electric motors and engine control systems. Our view is that the world is more ready and eager than ever to adopt change through use of our products that will be profitable, energy saving and environmentally friendly. Tactronics, APS, Mr. Silhan, and all its engineers clearly deserve the world’s recognition and thanks for their tremendous capital and time commitments over the years. They have clearly lived up to their motto, ‘Failure is not an option,â€™ ” Khalifa stated in a press release.
Per the agreement, AVEC acquired various assets through its integration with APS, including proprietary developmental models, computer aided design (CAD), Finite Element Analysis (FEA), and Computational Fluid Dynamics (CFD) software applications, which will assist in the further development of AVEC engines and generators.
Also included in the terms of the acquisition is APSâ€™ â€œuniqueâ€ diesel control system, which was developed in part by APS software engineers. APS will provide a license for the engine control system, applicable for AVECâ€™s engines and generators, and will offer licenses to various other manufacturers. AVEC said it anticipates generating â€œsignificant revenueâ€ from the distribution of these licenses.
“The completion and integration of the multiple AVEC breakthrough technologies has been one of our most challenging and rewarding programs,â€ Tactronics Holdingâ€™s COO William F. Silhan stated. â€œThese engines and generators are cutting edge new technology and we believe that its commercial applications are endless.”
Khalifa concluded that AVEC will quickly move forward with licensing opportunities for current and acquired products, and will continue working on licensing products utilizing technology from its joint venture with U.S. Wind Works LLC.
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