Q: What projects or agreements has Torvec been working on in recent months?
A: We are currently engaged, at various stages, with 17 different projects for private companies, the government and the U.S. military. These projects involve Torvec's Full Terrain Vehicle, IsoTorque differential, infinitely variable transmission and constant velocity joint.
Recent developments include:
*FTV- In October 2008, we shipped an FTV to the U.S. Air Force forevaluation as the Air Force's Advanced Combat Firefighting Vehicle. After vigorous performance runs in a variety of hostile locales at Tyndall Air Force Base in Florida's panhandle, the Air Force requested us to make certain modifications to the vehicle. We have nearly completed these modifications at our Mount Read Blvd. facility and anticipate shipping the FTV to the Air Force for a final review early this fall.
Our goal is to secure the contract for the production of the Air Force's Advanced Combat Firefighting Vehicle. As part of that process, and depending upon the availability of government dollars, we would have to decide whether to MANUFACTURE THE FTV IN THE ROCHESTER AREA OR LICENSE OUR RIGHTS for manufacturing and distribution elsewhere.
Obviously, we anticipate that our success with the Air Force will lead to other contracts, for example, from other branches of the military and from state and local governments for environmental, emergency, homeland security and other similar uses.
AI
