Axial Vector Energy Corporation (AVXC.PK), based in Portland, is on a mission to develop and license technology to take internal combustion engines to the next level. Axial has been able to create new, smaller, and lightweight internal combustion engines that produce more horsepower and three times the torque of conventional engines of the same size.
Axial currently has ten patents that have been filed or are in the process of being filed. Some of the company’s pending patent applications cover more than one aspect of the company’s current or previous configurations of the axial vector engine. A number of the pending patents have already been strategically registered in jurisdictions outside of the U.S. Axial already holds two issued patents: Barrel-Type Internal Combustion Engine and Piezoelectric Liquid Injector.
Axial Vector Energy Corp. has also teamed up with privately held Petrosonics, LLC, of Reno, Nevada, to develop and market Petrosonics’ sulfur removal technology. Axial’s wholly owned subsidiary, AVEC Acquisitions, represents Axial’s side of the joint venture, and will contribute an initial $6.8 million. The joint venture will be named Petro-AVEC, and will focus on the global refining industry, while continuing development of proprietary technology for the treatment of sour crude oil.
Petrosonics is a development stage intellectual property licensing firm specializing in oil refining technologies. It’s best known for using high power ultrasound to reduce sulfur, nitrogen, and trace metals in oil, while also reducing oil density and hydrogen loss. As a result, sour oil becomes less sour, making available more useable refined product, and effectively increasing the value of each barrel of oil. The company owns all of the significant intellectual property associated with ultrasound assisted oxidative desulphurization of all oil fractions, and the upgrade and desulphurization of crude oil, and has intellectual property coverage for more than half of all crude oil produced.
Furthermore, Axial Vector has formed a Joint Venture with Constellation Capital Management, LLC of Novato, CA. The Joint Venture will have the exclusive right to market Axial Vector’s proprietary generating equipment to replace existing generators in the nation’s wind power industry. The proprietary generators offer significantly greater increases in power generation, revenues and profits for each retrofit project.
The Joint Venture, 80% of which is owned by Axial Vector, anticipates offering the cutting-edge generators to existing wind projects as an investment rather than a direct equipment sale. The proprietary generators’ advantageous ability to produce energy in low wind conditions will be crucial to the viability of wind power projects as natural gas prices continue to decline. According to the press release, the AVEC 100 kW generator will serve as the Joint Venture’s initial retrofit generator. This generator is rated for 100 kW of continuous output, 120 kW of peak output and has an exceptional 98% operating efficiency.