Press Release Source: Axial Vector Energy Corporation
PETRO AVEC to Present Oxidative Desulphurization and Heavy Oil Upgrade Technology to 'The World Global Refining Summit' in Houston, Texas
* On Wednesday June 3, 2009, 8:44 am EDT
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DUBAI, United Arab Emirates--(BUSINESS WIRE)--Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC - News) (Frankfurt:BAE1 - News) announced today that its Joint Venture Company , PETRO AVEC has been invited and will present its technology at the Global Refining Strategies Conference in Houston, Texas on October 29-30, 2009.
The Global Refining Strategies Summit 2009 brings together the most knowledgeable and influential refining leaders from across the globe. It is the world's showcase to explore dynamic strategies and benchmark the latest technologies to overcome the economic and environmental issues facing the world’s refiners. To learn more visit www.globalrefiningsummit.com .
Dr. Mark Cullen inventor and Managing Partner stated "With our global patent footprint now essentially complete, we will be introducing our sulphur removal and oil upgrade technology and results to the world. Third party data of our accomplishments as well as mass commercial deployment will also be presented."
Ahmed Khalifa stated, "This invitation underlines the importance of efficient Sulphur removal technology and being the pioneers in our specialized field of oxidative desulphurization and heavy crude upgrade. We are pleased to accept the invitation for a presentation to showcase our technology to the oil industry professionals who will be present at this important event."
About PETRO-AVEC LLC
PETRO-AVEC LLC is a joint venture between AVEC and Petrosonics LLC to develop; finance and market Petrosonics sulfur removal technology globally. The joint venture is owned 60% by Petrosonics LLC and 40% by AVEC. Dr. Cullen was previously President and CEO of Sulphco (AMEX SUF).
About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invest in and licenses revolutionary technologies including, internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world.
Forward-Looking Statements
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
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Contact:
Axial Vector Energy Corporation
Phone: 971 4 887 5351
inquiry@axialvectorenergy.com
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Investor Contact
Jens Dalsgaard (415) 884-0348
www.axialvectorenergy.com
www.PetroAvec.com
