Novagen Develops Static Alternative Polarity Switch Plate for AmerYcan™ Y Engine Novagen Ingenium – Engine Division
GOLD COAST, Australia, Aug. 19, 2018 (GLOBE NEWSWIRE) -- Novagen Ingenium Inc. (OTC-Markets: NOVZ) today announced the development of a key component to be used in the AmerYcan Y engine with permanent magnets as the power source.
The development team, (primarily Micheal Nugent and Patrick Greene) have been working with permanent magnets as a primary power source for the AmerYcan Y engine configuration for several years under the strict guide of “accepted science”. A model of the AmerYcan Y engine fitted with permanent magnets has been built and fitted to a test vehicle for a showcase test drive as soon as possible.
Novagen’s Opposing Piston Divaricate Cylinder Y engine (now branded as the AmerYcan™ Engine) which is under patent application has been under ongoing development and secondary patent applications are now on foot with the company’s patent attorneys. Ongoing development with crankshaft and connecting rod componentry, firing order timing and auxiliary operating components created a position whereby the company is filing patent applications for unique invention claims.
The new development named Static Alternative Polarity Switch Plate will be submitted for patent protection this week prior to the showcase demonstration to be announced in the near future.
Micheal Nugent, as principal inventor, completed his discipline with Cummins Diesel and has worked with some of the most successful engineering companies in the world.
Patrick Greene, as a qualified mechanic has been working with Novagen since inception and was part of the Y engine development think tank pre-patent.
The AmerYcan™ Engine as a multi-bank engine proposes new efficiencies derived from the latest geometric configuration with 9 cylinders producing 18 power pulses per cycle.
PR 2
Novagen Exits Transport Operations
GOLD COAST, Australia, Aug. 19, 2018 (GLOBE NEWSWIRE) -- Novagen Ingenium Inc. (OTC-Markets: NOVZ) today announced changes to their transport operations.
Background:
On July 6, 2017 Novagen acquired all of the issued and outstanding shares in Syndicated Transport & Trucking Pty Ltd.
This event triggered Novagen’s entry into transport operations. Transport and warehouse assets were supplied by AmerYcan Finance and Leasing Pty Ltd (formally Novagen Finance and Leasing Pty Ltd), which is a wholly owned subsidiary of Novagen Ingenium Inc. that owns over 50 vehicles for leasing to transport operators.
On August 28, 2017 Novagen entered into an Operating Agreement for the Acquisition of Transport Assets with Datspares-Toyaparts Pty Ltd. On execution of the Agreement by the parties it was agreed by them that Datspares and Roadbees Linehaul Pty Ltd (formally Roadbees Transport Pty Ltd) would begin joint operations in transport and warehousing under the trading name of Roadbees Transport.
On March 6, 2018, the Board of Directors terminated the Operating Agreement for the Acquisition of Transport Assets with Datspares-Toyaparts and on May 9, 2018 Novagen divested Syndicated Transport & Trucking Pty Ltd exiting direct transport operations.
Across the months of May, June and July of 2018, the Board of Directors for Roadbees Linehaul Pty Ltd held discussions with the Board of Directors of Novagen Ingenium, Inc. with the focus of reaching agreement to continue transport operations with transport and warehouse assets being supplied by AmerYcan Finance and Leasing Pty Ltd.
On August 18, 2018 Novagen Ingenium, Inc., AmerYcan Finance and Leasing Pty Ltd and Roadbees Linehaul Pty Ltd reached agreement and amended the Operating Agreement for the Acquisition of Transport Assets dated the August 28, 2017.
Under the terms of the Amended Agreement, AmerYcan Finance and Leasing Pty Ltd will continue supplying transport and warehouse assets without charge until January 1, 2019 to Roadbees Linehaul Pty Ltd after which commercial terms for the supply of transport and warehouse assets will be entered. In exchange for the supply of transport and warehouse assets from August 28, 2017 until January 1, 2019 Roadbees Linehaul Pty Ltd will issue 25% of its capital undilute-able until January 1, 2024 and make every effort to list on the Australian Stock Exchange.
USAQ grabbed 1k more. would of gotten 2500 had i had extra funds. maybe tomorrow. got to think this can go 1.00 from glancing though I havent done any DD on it. just the look of it...
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