ABOUT US
Carroll Shelby Press Release:
CARROLL SHELBY of the automotive hall of fame, legendary race car
driver, and developer of the world famous Shelby Cobra, Shelby Mustangs
and other high performance automobiles announces that he is entering
into a joint venture arrangement with Advanced Engine Technologies,
Inc. (AET).
AET, a Colorado company listed on the OTC – BB
exchange (Stock Code: - AENG) owns the US rights to promote and market
a revolutionary new engine known as the OX2.
The current prototype of the OX2 engine has approximately 30 parts.
It is 12 inches in diameter, 10 inches wide, and weighs less than 140
lb. And has the capacity of 66.25 cubic inches. It operates on a full
four-stroke system, however it uses porting rather than valves. It
has no camshaft, no distributor, no oil pump, and no water pump. It
requires approximately a cup of oil for lubrication purposes and no
part of the engine requires viscosity support. It has only three major
moving parts, however it has eight pistons. Each piston fires twice
every revolution of the output shaft and at no stage do they come in
contact with the bores. Rev for Rev the 66 cubic inch OX2 is capable
of producing more torque and horsepower than a 350 cubic inch conventional
engine.
The purpose of the joint venture is to develop vehicles and engines
to demonstrate the advantages of the OX2 engine over conventional technology.
"If the performance figures are correct the OX2 engine is the
most significant advancement in combustion engine technology that I
have seen in my life time and it has the potential to revolutionize
the world’s engine industry. We recognize that a tremendous amount
has been invested in present engine technology and that an alternate
would need to be a vast improvement on what is currently available.
We are also aware that we need to be able to show advantages over Hybrid
systems. We are confident that this has been achieved with the OX2
engine." quotes Carroll Shelby.
On the arrival of the OX2 engine in the United States Shelby arranged
for several industry representatives to attend a demonstration of the
engine at his research and development center in LA. At this and other
demonstrations he was able to witness the performance of the engine
which according to instrumentation showed the engine producing 170
ft./lb. of torque at 1250 RPM.
At this stage it is not the intention of the company to approach the
automobile industry as experience has shown that it is difficult to
introduce significant changes in technology from sources outside that
industry. It is believed that the technology will be accepted by the
auto industry when the environmental, emission and cost advantages
of the OX2 engine over existing technologies have been proven.
The flexibility of the OX2 engine lends itself for use in a variety
of applications including generators, pumps, standing engines, aircraft,
and marine. During the past two months AET has been demonstrating the
engine to interested parties in these industries, including the US
military and discussions with these parties are continuing.
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