Facts from the Venture Capital Group Pioneer who funded the seed capital.
Also do you invest in everything that has a website ? They did not need to have one till now as they did not net to get their info public yet, they have had other priorities and have been working with guess who University of Michigan a U.S. Army Centre of Excellence to test their technology.
It takes 2 hrs to make a website, if that was their priority i think it would'nt have been that big a deal.
--- Facts ---
In Q406, the company has been granted access Q107 to facilities for scientific validation at the University of Michigan, an internationally recognised automotive research facility and a U.S. Army Centre of Excellence for advancing automotive technology.
Queensland based tests on a new intercooled turbo diesel truck, and a 15 year old turbo diesel tip truck, have demonstrated improvements in torque and horsepower and a lowering of emissions, a significant result achieved by substituting diesel with the renewable fuel ethanol.
A recent International Patent Co-operation Treaty Preliminary Report on Patentability issued a statement that deemed 17 of 24 claims to be 'novel' and the technology 'inventive'.
In Q107 the company is focused on: seeking a further investment round to fund Australian and North American commercialisation strategies.
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