Rival Technologies (PK) (USOTC:RVTI)
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From Jul 2019 to Jul 2024
Rival Technologies Inc., (OTCBB:RVTIF), announced today
that it will install a newly designed version of CWI Technology on a
diesel locomotive in the coming weeks. Rival's development partner,
MA Turbo/Engine Ltd. will design and install the CWI system on an
operating diesel locomotive located in Vancouver, Canada.
"We expect this application of CWI Technology to work effectively
and open up a new market for us. There are approximately 20,000
diesel locomotives in operation in North America. Most are relatively
old and are under new EPA emission regulations. We believe CWI
Technology is the best retrofit solution for them to comply with
these regulations," stated Robin Harvey, President of Rival
Technologies Inc.
CWI technology is a continuous water injection system, allowing
reductions in diesel emissions and reducing fuel consumption as it
improves engine performance.
On behalf of the Board of Directors
Robin J. Harvey, President
Certain statements in this press release constitute "forward
looking statements" within the meaning of the United States
Securities Legislation. The Company's actual results could differ
from those in the forward-looking statements. Do not construe this
information as investment advice. This is not a solicitation to buy
or sell securities. This does not purport to be a complete analysis
of the Company Investing in securities is speculative and carries a
high degree of risk. Past performance does not guarantee future
results. Readers should consult their own independent advisers with
any investment, including any contemplated investment. All
information contained in this press release should be independently
investigated. This press release contains forward-looking statements.
These remarks involve risks and uncertainties. Risks are not limited
to quarterly fluctuations in results or the companies' management of
growth and competition. Other risks are detailed in the Company's SEC
filings. Actual results may differ materially from such information
set forth herein.
Rival Technologies Inc. (OTC Bulletin Board:RVTIF)