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» August
1 , 2002
Advanced Engine Technologies Reports Testing of
a Turbocharged Version of the OX2 Engine
LOS ANGELES (August 1, 2002) -Advanced Engine Technologies, Inc. (NAS:
AENG) today announced that, following the successful test results of
its normally aspirated OX2 internal combustion engine, it has initiated
preliminary testing of a turbocharged version of the OX2 powerplant
and the test results are positive. AET's OX2, design level two, engine
#2, generating 145 KPA of boost, created 215 lb ft of torque, resulting
in 30 horsepower at 735 rpm, an increase of 80 lb ft of torque and
13.2 horsepower over its previously tested normally aspirated version.
The turbocharged OX2 engine ran smoothly and was considerably quieter
than under normally aspirated conditions.
"This latest testing, with the small compact turbocharger attached,
has given us tremendous insight into the OX2's potential performance
capabilities under turbocharged conditions," says Carroll Shelby,
President, Advanced Engine Technologies. "We are very encouraged
and excited about this new turbo OX2 performance milestone. However,
we will continue to aggressively advance the performance and durability
testing of the OX2 engine under normally aspirated conditions."
The OX2 turbocharged engine, fitted with a Motec fuel system, was
test mapped in increments. At startup, the turbocharged test engine
initially achieved 120 KPA of boost, which was then advanced to 135
KPA of boost and finally, with boost increased to 145 KPA and placed
under a load, it demonstrated the positive and encouraging increased
performance numbers and reduced noise levels. AET plans to continue
its upmapping test sequence on subsequent OX2 test engines.
The OX2 is a 4-stroke, 1.1 liter internal combustion engine that is
17 inches in diameter with a length of 13 inches and a total weight
of 125 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,
liquid propane or methane. In addition, with far fewer moving parts
than traditional engine designs, the OX2 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 OX2 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.
Investor inquiries can be directed to the company at (310) 914-9599.
To update the investment community and all interested parties about
the progress of the OX2 engine, Advanced Engine Technologies has established
a hotline at 310/323-2895.
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 discussed in AET filings from
time to time with the Securities and Exchange Commission. 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.
CONTACT:
Lee Morrell/JMPR Public Relations
818-992-4353 / lmorrell@jmprpublicrelations.com
for Advanced Engine Technologies, Inc.;
or John Luft of Advanced Engine Technologies, +1-310-914-9599
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