International Developments

Revetec has entered into the following commercial agreements:

Australia

Memorandum of Understanding with Orbital Australia Pty Limited (www.orbitalcorp.com.au) to collaborate in the design, development and testing of an engine suitable for JP8 fuel for use by the light aircraft industry and other applications.

License Agreement with The Hudson Group Pty Limited (www.rewaco.com.au) that grants an exclusive right to use Revetec’s Technology to manufacture engines for use in motorised trikes.

China - Germany

Revetec has signed agreements with a German Institution and a Chinese group which is funding a testing and development program, and upon satisfactory conclusion of the test and development program, is assured from the Chinese group that two of China's top ten car companies will jointly develop an Automotive production engine.

India

Revetec have signed non binding Memoranda of Understanding (MOU) with two key Indian engine manufacturers, Kirloskar (www.kirloskar.com) and Hindustan Motors (www.hindustan-motors.com) to evaluate the revetec technology. The arrangement provides for the parties to collaborate in the design, prototype building and testing of engines for power generation, pump, tractor and automotive applications.

Appointment of Pushkaraj Enterprises (www.pushkaraj.com) as exclusive representative of Revetec in India.

Middle East

Appointment of Phoenicia Limited and Juliet Zora as Revetec’s exclusive representatives in the Middle East.