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» November
22, 2000
Advanced Engine Technologies Implements Enhancements to OX2 Engine;
Testing Resumes as Design, Performance Improvements Are Initiated
LOS ANGELES, Nov. 22 /PRNewswire/ -- Advanced Engine Technologies,
Inc. (OTC Bulletin Board: AENG) today announced that it has implemented
a number of design and performance enhancements to its OX2 internal
combustion engine.
The modifications, made by inventor Steven Manthey, focus on changes
to the engine's intake ports in an effort to improve performance at
higher RPMs. Manthey, who will oversee testing at the University of
California, Riverside's CE-CERT laboratory, will examine three different
cam profiles as part of the refinement and development efforts that
will involve three OX2 engines.
"Initial testing of the OX2 engine has paved the way for new
directions that AET can take in the process to further enhance performance," said
Advisory Board Member Dr. Roberta Nichols, who recently joined the
company's Board after spending 16 years as a manager in the development
of alternate fuel vehicles at Ford Motor Company.
AET also announced that automotive manufacturing and racing legend
Carroll Shelby has agreed to serve as the company's president while
the engine undergoes testing. Operational policies and decisions, however,
will continue to be promulgated by AET's Board of Directors. Advanced
Engine Technologies recently relocated its headquarters to 11150 W.
Olympic Boulevard, Suite 1050, Los Angeles, California, 90064. Investor
inquiries can be directed to the company at (310) 914-1843. Additional
information pertaining to the OX2 engine can be accessed through the
company's Web site, www.ox2engine.com. 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 other factors discussed in AET filings from
time to time with the Security 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.
SOURCE: Advanced Engine Technologies, Inc.
CONTACT: Jeff Perlman of JMPR, Inc., 818-992-4353, jperlman@jmprpublicrelations.com,
for Advanced Engine Technologies, Inc.; or John Luft of Advanced Engine
Technologies, 310-914-9599
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