Marine GAS CAM Boat Engine to Be Demonstrated in Dubai

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.