SANTA ANA, CA -- (Marketwired) -- 07/11/13 -- SaviCorp® (PINKSHEETS: SVMI)
Serge Monros, Founder, Chief Executive Officer/Chief Technology Officer, SaviCorp and Victor Chu, President, SaviCorp are pleased to announce a successful premiere of the DynoValve® at the Dubai Automechanika exhibition by DynoGreen Tech, SaviCorp's new exclusive middle-eastern distributor, and its wholly-owned subsidiary, Savvy Green.
The DynoValve® is a patented emissions system that improves ventilation of the blow-by gasses in the engine crankcase, leading to a reduction in harmful emissions, reduction in fuel consumption, increase in engine performance, and improves engine health by replacing the manufacturers' PCV (Positive Crankcase Ventilation) valve. Modulation of the ventilation is managed digitally through proprietary software in an upgradable, programmable controller.
Automechanika is renowned as the region's largest and most comprehensive trade and networking exhibition for the automotive aftermarket, garnering more than 1,324 exhibitors and well over 20,700 trade visitors. In addition to Dubai, Automechanika exhibits in Moscow, Istanbul, Frankfurt, Madrid, Shanghai, and Mexico City, among many others. As a result of Savvy Green's appearance at the show and the launch of its website, the DynoValve received over 19,000 "likes" on its new Savvy Green Facebook page within days. On the first day of the exhibition alone, approximately 1,000 DynoValves were sold and 400 distributors were signed up.
"Our technicians have just returned after successfully spending over two weeks in Dubai installing the first series of upgraded DynoValves in government fleet vehicles," explains Monros. "An additional 1,500 valves have already been placed over and above the initial 2,000 units specified in the original contract," he continues.
"Besides seeing extremely promising performance results in these 'DynoValved' vehicles, we experienced a very high degree of interest from many exhibition attendees; many of them being very influential persons," adds technician Mike Rockwood. The promising performance is due, in part, to recent DynoValve system upgrades, including a completely new controller, a redesigned harness, revised proprietary programming, and adaptor kits that are specifically designed to work in a wider range of vehicle applications. The upgraded hardware is now being shipped in new packaging as well.
Building off of this international momentum, SaviCorp President Victor Chu states, "Now that SaviCorp is receiving significant DynoValve orders, we've started working in earnest to expand our product line with the long-anticipated DynoValve Pro® for diesel engines, as well as the DynoValve Pro Lite for other fuel types."
SaviCorp® (savicorp.com) is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The Company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license our patented supplementary vehicle Emissions Reduction Technologies (ERT) to reduce emissions and improve efficiency. Using proprietary methods and processes, the Company's flagship DynoValve®system protects the environment, lessens an engine's carbon offsets, increases gas mileage, and improves engine performance resulting in dramatic savings in both fuel and oil.
About DynoGreen Tech
DynoGreen Tech, LLC, is newly established subsidiary of Prime Express Group of Companies, an international conglomerate of companies which has over 1,800 employees worldwide, including ownership positions in the courier, travel, and hospitality businesses. Prime Express and Dubai-based advertising company, Social Maestro Consulting, are owned by Makati Express Cargo, LLC, a provider of international air and sea freight services. The company markets and distributes products and services to customers in the Middle East, Central Asia, India, and the Pacific Rim.
About Savvy Green
Savvy Green is a wholly-owned subsidiary of DynoGreen Tech, LLC and represents DynoGreen Tech as its sole distributor of SaviCorp's DynoValve® in Dubai.
Forward-Looking Statement Disclosure
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts, to procure future contracts, to acquire certain assets, or to finalize funding for the purchase of certain assets. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
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8155 Mira Mesa Blvd., Suite 8
San Diego, CA 92126
Latifa Towers, #1006
Sheikh Zayed Road,
Dubai, UAE - P.O. Box 128499
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