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Press Releases
» September
20, 2000
Advanced Engine Technologies Names New
Advisory Board Members
LOS ANGELES (September
20, 2000) — Advanced Engine Technologies,
Inc. (OTC:AENG) has announced that former Ford Motor Company scientists
Dr. Roberta Nichols and Dr. Joseph Norbeck have accepted offers from
the Board of Directors to become members of the company’s non-voting
advisory board. Dr. Nichols is retired from Ford Motor Company, where
she worked as a manager in the development of alternative fuel vehicles
for 16 years. She is presently working as an engineering/alternative
fuel consultant on projects of interest to her. The author (or co-author)
of more than 60 publications, Dr. Nichols is the holder of three patents
for the Flexible Fuel Vehicle (FFV) and the recipient of numerous awards
from engineering organizations. Dr. Norbeck, a former head of the Ford
Motor Company chemistry department, is the founding director of the
UCR Bourns College of Engineering Center for Environmental Research
and Technology (CE-CERT). Starting with just four graduate students,
no budget and no facilities, Norbeck built a functioning, funded research
program dedicated to studying alternative-fuel vehicles, vehicle fuels,
engine development and chemical pollutants. He has published more than
65 scientific papers on topics such as atmospheric modeling, vehicle
emissions and advanced vehicle technology. AET expects that Dr. Nichols
and Dr. Norbeck will continue to oversee and direct the ongoing OX2
internal combustion engine testing at the University of California
at Riverside.
Listed alphabetically, AET’s Board of
Directors includes Mr. Noel Holmes, Mr. George Hunt, Ms. Alexandria
Phillips, and Mr. Carroll Shelby. Mr. Shelby has agreed to serve
as president of AET while the engine is being evaluated at the University.
Operational policies and decisions, however, will continue to be
promulgated by the Board of Directors.
Advanced Engine Technologies recently relocated its headquarters to
1150 W. Olympic Boulevard, Suite 1050, Los Angeles, California 90064.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This release may contain forward-looking statement 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
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 technological 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 the 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.
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