AXIAL VECTOR ENERGY RETAINS MUSE
STANCIL FOR INDEPENDENT COMMERCIALIZATION REPORT ON SULPHUR REMOVAL
AND HEAVY OIL UPGRADE LICENSE VALUES FOR ITS JOINT VENTURE COMPANY PETRO
AVEC. DUBAI, United Arab Emirates (BUSINESS WIRE) - May 11, 2009 - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today that it has retained Muse Stancil (www.musestancil.com) to independently evaluate the most effective commercialization model for its Oxidating Desulphurization and Heavy Crude Oil Upgrading technology contained in its Joint Venture "PETRO AVEC" (www.petroavec.com). The engagement also involves business strategy and commercial development to maximize the deployment of this important breakthrough technology. Intellectual property patents are now in place throughout the world protecting PETRO AVEC's technology for removing sulfur and nitrogen, with or without an aqueous phase, with or without an oxidizing agent and with or without frequency limitations on the sonic equipment at the wellhead, along a pipeline or in a refinery. The process uses high power sonic energy in a moderate temperature, atmospheric pressure environment to reduce sulfur, nitrogen, and trace metals in petroleum while also reducing oil density. The process increases API (American Petroleum Institute) gravity (least specific gravity = highest API gravity) and volume. Sour (greater than 1/2 percent by weight sulfur) crude is rendered less sour, more useable product is extracted from a 42 gallon barrel of oil, and the volume of treated crude oil expands. The process is fully supported by highly affordable, reliable, available, durable, computerized commercial off the shelf equipment from Germany. Patents covering 42 countries represent 55.7% of all crude oil production, 30% of world crude oil reserves, and 40% of the world's refining capacity. Over 1,500 claims remain pending around the world. AVEC Chairman Mr. Ahmed Khalifa stated, "Muse Stancil is the number one source of validated information to the refinery industry and we look forward to their Global assistance in rapid deployment of PETRO AVEC technology." For Further Information Please Contact: Axial Vector Engine Corporation |