October 29, 2008
Axial Vector Energy to Provide Demonstration to Four of the World’s Largest Windmill Energy Producers
Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) today announces that it received strong interest for its highly efficient motors for wind energy production from major windmill energy producers due to the Company's introductions at the Friedland Equities Global Investment Forum held Monday, October 27. AVEC is now scheduling these special demonstrations.
Axial Vector generators will allow the windmill manufacturers and wind energy producers to improve their bottom lines, increase their profitability and lower the cost of production by bolting on its innovative motors. AVEC motors reduce, almost to nil, the initial frictional force present in the existing motors to crank up. These innovative motors do not require high speeds to rotate the windmills.Sanjai Chhaunker, President and CEO of AVEC, stated, "The astounding features of our motor will allow the wind energy producers to generate power at a low speed of about 1 mile per hour, as against the traditionally required speeds of 8 to 16 miles per hour. This establishes effective tradeoffs between production and generation losses, and should be a big welcome for the windmill energy sector."
Power generation through windmills is here to stay. It is firmly installed as one of the important players in the energy markets, with the total value of new generating equipment installed in 2006 reaching EUR 18 billion, or US$23 billion. Natural sources of power generation through windmills, solar energy and upcoming wave energy are the long-term answers to the energy shortages prevailing all over the world.
The main advantage of Axial flux generators (AFGs) over conventional radial flux generators is the high power density. This compact size makes them ideal for generators in windmills. AFGs require zero torque at startup, so a control module could have the windmill spin until a desired speed to energize the AFG. If the speed drops below the set point, the AFG is de-energized and the speed increases. In this way, a windmill could produce energy in very light wind. This simple advantage opens many doors for the windmill producers, as it makes areas with low wind velocity, previously thought uneconomical, now capable of being used to produce energy
About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world.
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This press release may contain certain forward-looking statements. Such statements are made pursuant to the "forward-looking statements" and "safe harbor" provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange of 1934, as amended. The statements contained herein that are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of AVEC's management, as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements.