The reason I like EGOC as having potential huge upside is the enormous problem being experienced by Trucking Companies dealing with EPA emission standards now and new mandates by 2014-2015. The new emission control equipment consists of particulate traps incorporated in the exhaust stacks. There is alot of backpressure created by this equipment that reduces mileage, the particulate traps plug and the only means of cleaning them is to inject diesel fuel into the system and burn it out which damages equipment. As I understand it, the EGOC system utilizes an ION Vortex precipitating system to remove pollutants and collects them in a filter that is simply washed out. The backpressure is eliminated and mileage dramatically improved. If you are in the trucking business and your fleet gets an extra 10 - 15% mileage improvement over competitors, you have a huge competitive advantage. Another aspect here is that an enormous amount of retrofitting will be taking place over the next few years to meet new standards. By the way, this equipment sells for about 1/3 of the current option available.
Another thing that I believe could be a difference maker, is that they have just completed trials in the middle east where fuel is still burned that has 5000 PPM of sulfur which is true throughout many parts of the world. It is hard to believe the EGOC system just passed muster according to a notice on their web site. There is no way, IMHO that the current equipment mandated in the US could ever clear up fuel with that high sulfur content.
This is high risk, but the market potential is world wide and everyone knows that diesel particulate emissions are especially dangerous for long term health of your lungs. If this system is accepted in just a few countries the sales could be absolutely enormous. This announcement could help EGOC move into the retrofit market quickly and with very little capital. I have talked with Ray a couple of times and was very impressed with how much personal money he has invested here and his determination to make EGOC a success. Not bad for stock selling for a market cap of $720,000.
