Overview of Revetec (Continued)
We predict that the car companies will be looking for
new technologies to improve their business. Perhaps the
most important factor, in the Directors’ view, is both
China’s and India’s entry into the World Trade
Organisation.
Chinese and Indian motor vehicle manufacturers are now
required to have their own engine and to stop the
practice of reverse engineering in order to comply with
international trading laws. To this end, car companies
in both countries have already expressed interest in
adopting our technology.
The environmental issue is becoming critical to
combustion engine producers. Tough worldwide emission
specifications are now in place in both China and India.
Car manufacturers are seeking an efficient engine to
replace their existing engines, as these engines
currently do not comply with the tough emission
standards in those countries.
Legislative change is also creating opportunities for
our engine in the United States of America. With the US
Environment Protection Agency indicating that it will
phase out the use of aviation gas in the foreseeable
future and replacing it with jet fuel (kerosene), which
is already available in most airports, there is urgency
for a lightweight compression/ignition type engine to
replace the existing light aircraft engine. |
Our engine is adaptable for use with this fuel type and
the development of such an engine will be a key focus of
Revetec. Revetec has completed its design on its
prototype, which could now be adapted by our customers
to meet their specific requirements.
Revetec’s business model is simple – it proposes to
license its technologies to combustion engine producers
worldwide, which means that Revetec can earn revenue
without the risks associated with other companies where
high overheads, employee issues and financial controls
are major issues for growing international companies.
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