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» November, 1998

Company Progress

Upon completion of the US demonstration tour, the company has been concentrating on consolidating its base in the US and responding to industry inquires generated by the tour. Requests for information cover a wide variety of potential applications for the OX2 engine.

It is the company’s objective to respond to industry requests on a timely basis and to identify and enter into joint venture agreements with appropriate parties to develop the engine for specific applications. It is our belief that this will prove to be a cost effective and efficient method of commercializing the technology in an expeditious manner.

To this end we have:

Entered into a Joint Venture Agreement with Carroll Shelby

Contracted for services of Mr. Paul Davenport

Acquired state of the art computer system and CAD software

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