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Advanced Engine Technologies Inc. Receives 30 Kw Generator
Prototypes to be Coupled With Level 3 OX2 Engine
LOS ANGELES, July 12 /PRNewswire/ -- Advanced Engine Technologies Inc. (AET)
(OTC:AENG), a leading firm in the research and development of internal
combustion engines, announced today that it has received two of the three 30 Kw
Integrated Generator prototype units contracted by AET from Danotek Motion
Technologies. These 30 Kw generator prototypes will couple with the
re-engineered and improved Design Level 3 OX2 engine.
"This new OX2 30 Kw integrated generator unit is about the size of a small
apartment refrigerator," said John Luft, AET's Chief Operating Officer. "Its
compact size and reduced weight will bring a new level of portability and use
to the 30 kilowatt generator market."
The new 30 Kw generator prototype maintains the same diameter of the OX2
engine, while adding approximately 12 inches to the overall length. Testing on
the generator is scheduled to begin in August, with the first demonstrations of
these prototypes scheduled for the fourth quarter of 2005 pending final
testing, certification and market evaluations.
With the U.S. increasing efforts to reduce its reliance on foreign oil, the
completion of this phase of the OX2 engine/generator development proves to be
timely as the OX2's multi-fuel platform is expected to provide consumers with
real alternative fuel options.
Investor inquiries can be directed to the company at (310) 914-9599. To update
the investment community and all interested parties about the progress of the
OX2 engine, Advanced Engine Technologies has established a hotline at
310/323-2895. Additional information pertaining to the OX2 engine can be
accessed through the company's Web site at http://www.ox2engine.com/.
About Advanced Engine Technologies Inc.
Incorporated in the State of Colorado, USA, Advanced Engine Technologies Inc
was formed to commercialize the OX2, a state-of-the-art, uniquely designed,
internal combustion engine. AET's mission is to successfully achieve
commercial introduction of the OX2 engine and the subsequent licensing of the
OX2 engine technology to approved manufacturers. Racing legend and Automotive
Hall of Famer, Carroll Shelby leads the charge of the OX2 as Director and
President of AET. Under Shelby's leadership, AET has assembled a "World Class"
team of directors, officers and management from various industries and
disciplines. This team's diverse experience combined with Mr. Shelby's years
of knowledge, industry savvy and drive create an unstoppable force behind the
OX2 engine.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995
This release may contain forward-looking statements involving risks and
uncertainties that may cause actual future events or results to differ
materially and adversely from those described in the forward-looking
statements. Important factors that may cause such a difference for AET
include, but are not limited to, whether our engine products are made viable,
whether a market for our products develops, our ability to retain key
management, our ability to hire and retain the technical personnel necessary to
build our products, the availability of funding for future operating
requirements, our ability to effectively predict or react to rapid technology
changes that could render our products obsolete, product development delays,
dependence on suppliers, our potential exposure to product liability and other
tort claims if our products fail, our ability to protect our intellectual
property, intellectual property disputes, and other factors discussed in AET
filings from time to time with the Securities and Exchange Commission. AET
cautions that the foregoing list of important factors is not exclusive. AET
disclaims any obligation to revise or update any forward-looking statement that
may be made from time to time by or on its behalf.
DATASOURCE: Advanced Engine Technologies Inc.
CONTACT: Jim Guthrie, , or Stephanie
Rice, both of JMPR Public Relations, Inc., +1-818-992-4353, for Advanced
Engine Technologies Inc.
Web site: http://www.ox2engine.com/