AXIAL VECTOR ENERGY COMPLETES
TECHNOLOGY TRANSFER OF ITS ENGINES AND GENERATORS AND CLOSES THE ACQUISITION
OF ADAPTIVE PROPULSION SYSTEMS LLC. DUBAI, United Arab Emirates - April 14, 2009 - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today that it has successfully completed its technology transfer under its development contracts with Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings. The Company further announces it has acquired 100% ownership of Adaptive Propulsion Systems LLC (APS) as part of its continuing investments in energy efficient and environmentally friendly technology. APS was acquired without liabilities, and it will be at the discretion of Tactronics to retain salaried employees or leased real estate property. Significant assets that were acquired include the proprietary developmental models, computer aided design (CAD) Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD) software applications for further development of AVEC engines and generators. It is noted that physical demonstrations of prototype engines and generators met or exceeded all goals at meetings last month in Virginia Beach, VA. In addition, APS has developed a unique "diesel engine control system" which was developed in conjunction with software developers employed by APS. Included in the terms of the acquisition, APS will now provide a license utilizing this engine control system for engines and generators to Axial Vector, and will make available licenses of this unique software to other manufacturers, which the Company believes will produce significant revenue. Commenting on the completion of its four-year engine and generator development contract, Tactronics Holding Group International LLC COO, William F. Silhan, stated, "The completion and integration of the multiple AVEC breakthrough technologies has been one of our most challenging and rewarding programs. These engines and generators are cutting edge new technology and we believe that its commercial applications are endless." AVEC Chairman Mr. Ahmed Khalifa stated, "Today marks a significant milestone in the history of Axial Vector. Through today's technology transfer and acquisition of Adaptive Propulsion Systems, we believe we now have all the necessary pieces to ensure the broad based licensing and production capability of our engines, generators, gensets, electric motors, and engine control systems. Our view is that the world is more ready and eager than ever to adopt change through use of our products that will be profitable, energy saving and environmentally friendly. Tactronics, APS, Mr. Silhan, and all its engineers clearly deserve the world's recognition and thanks for their tremendous capital and time commitments over the years. They have clearly lived up to their motto, 'Failure is not an option'." Mr. Khalifa further stated, "The Company will now move swiftly on licensing opportunities for these products. Additionally, it will proceed on licensing products utilizing this technology under its Joint Venture, with U.S. Wind Works LLC, that has plans to retrofit existing energy producing windmills. For Further Information Please Contact: Axial Vector Engine Corporation
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