PAxial Vector Engine
Corporation said that on August 15,
2007 a demonstration and technical presentation of its Marine GAS CAM
engine will be made to prospective licensees who have signed
confidentiality and non disclosure agreements. The event has been
organized, sponsored and underwritten by Emirates International Capital
Advisory, as part of their strategy of introducing this revolutionary
technology to the GCC market. EICA recently acquired 8.1 % of Axial Vector
and negotiations continue about a possible further increase in this figure.
After carrying out a preliminary survey of the marine market in the
area, EICA has decided that the "GAS CAM" engine should be installed into a
powerboat in order to 'show' interested parties what the capabilities of
this engine are.