MOU Signed to Test Mobile Water and Electricity System on Dubai 'World Island'

DUBAI, United Arab Emirates, Jan. 15 /PRNewswire-FirstCall/ -- Axial
Vector Engine Corporation (Pink Sheets: AXVC; Frankfurt: BAE1) today announced
today that the company has signed an MOU to test and demonstrate its Multi
Fuel Power and Water system using the AVEC 200 KW GENSET.
"Nakheel" (http://www.nakheel.com/), the master developer of the "World
Islands" project completed the breakwater last week opening this project to go
forward.
AVEC's 200 KW finished unit will be shown at the WETEX water and energy
conference in Dubai on March 11-13. It will then be deployed to the island
and will be demonstrated to prospective customers who wish to order mobile
power and water systems, which can produce electricity and potable water for a
fraction of the price of conventional systems.
Ahmed Khalifa, Acting CEO stated, "By 2010, 80% of the world's population
will live within 100 kilometers of the sea. Our ability to 'join' up to five
units, creating one megawatt of on-demand low cost power, deliverable anywhere
using the first true multi-fuel system and able to provide 'off peak' water
production for as little as $0.03 per gallon represents the type of technology
that AVEC is investing in and the world needs. We will now be bringing the
largest and the best developers and investors of the Gulf Region to view the
future of offshore development."
To find out more about the importance of very low pollution power and
water production on "sea based" applications, go to http://www.thinkblue.ae.
Axial Vector(TM) Engine Corporation is a publicly traded company
(Pink Sheets: AXVC) that owns, develops and licenses proprietary intellectual
property regarding unique internal combustion engine technologies. AVEC is
applying these technologies to develop an exciting, new, smaller and lighter
internal combustion engine that produces significantly greater horsepower and
three times more torque on less fuel than conventional engines of similar
size.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information.
Any forward-looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, including statements as to industry trends, future economic
performance, anticipated profitability, anticipated revenues and expenses, and
products or service line growth, may be significantly and materially impacted
by certain risks and uncertainties, including, but not limited to, failure to
meet operating objectives or to execute the operating plan, completion, and
other economic factors. Additional risks and uncertainties are described in
the Company's public filings with the Securities and Exchange Commission.
CONTACT:
Axial Vector Engine Corporation
503-471-1348
avec@emiratescapital.net

SOURCE Axial Vector Engine Corporation

Axial Vector Engine Corporation, +1-503-471-1348, avec@emiratescapital.net