Axial Vector Energy Corp. is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies. The technologies that the company is involved with include internal combustion engines and electric power generator technologies that have potential in military, industrial and commercial applications.
Axial Vector Energy recently announced a successful performance demonstration of its engine running on palm oil, a non-fossil fuel. The demonstration showed that certain less expensive biofuel feedstocks, such as palm oil, can be used in the company’s engines and produce significantly less CO2 emissions.
This demonstration again showed how many advantages Axial Vector Energy’s engines offer. Their engines are lighter and smaller than conventional engines, incorporate about 80% fewer parts than conventional engines, require less maintenance, have a high power-to-weight ratio and are less costly to produce and operate. The company’s engines are also cleaner with fewer emissions and have been shown to be capable to be run using nearly any fuel.
This demonstration using palm oil was a required milestone in a recently announced licensing agreement with Premier Group of Malaysia and should lead to further milestone payments to Axial Vector from Premier Group as per the agreement. The demonstration was significant for both the company and the country since Malaysia is one of the world’s largest producers of palm oil.
President and CEO of Axial Vector Energy, Sanjai Chhaunker, stated, â€œThis successful demonstration of our engines using palm oil only is a long awaited milestone. We will now proceed with the licensing and market awareness programs presenting the value of our products to the world’s attention.â€
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