Advanced Engine Technologies Announces Date for Annual Shareholder Meeting
November 19 2009 - 2:04PM
Business Wire
Advanced Engine Technologies, Inc. (Pink Sheets: AENG) announced
today that its Annual Shareholder Meeting will be held on Tuesday,
December 15, 2009, at 11:00 AM PST. Shareholders will have an
opportunity to vote on the election of the Board of Directors for
the coming year at the AET Development offices in Gardena,
California.
Upon completion of the formal portion of the meeting, AETs Chief
Operating Officer, John Luft and Mike Edwards, AET’s Lead Project
Engineer, will present development updates on the 0X2 engines.
These engines are being developed and tested at its engine
development facilities in Australia and Gardena, Calif. In
addition, a running demonstration of the 0X2 will be conducted
following the close of the meeting.
The 0X2 is a 4-stroke, 1.1-liter internal combustion engine that
is 17 inches in diameter with a length of 13 inches and a weight of
225 pounds in normally aspirated form. The compact engine weighs 75
percent less than and is half the size of traditional internal
combustion engines. In addition, it offers the flexibility of being
able to run on a variety of fossil fuels including gasoline,
diesel, natural gas, and liquid propane gas. With far fewer moving
parts than traditional engine designs, the 0X2 engine could offer
the further advantages of significantly enhanced operation and
maintenance costs and a longer useful life.
With its expected higher power-to-weight ratio, multi-fuel
capacity and anticipated low emissions and fuel efficiency, the 0X2
has a practical and much needed application in the commercial and
industrial generator markets. Additional future applications may
include marine, light-duty farm and construction equipment, light
aircraft, and the hybrid electric vehicle market. However, the near
term focus remains electrical generator applications.
Inquires by investors or anyone interested about the progress of
the 0X2 engine can be directed to the company at (310) 914-9599.
Additional information pertaining to the OX2 engine can be accessed
through the company’s web site at www.ox2engine.com.
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. 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.
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