PORTLAND, Ore., October 2 – LAWFUEL – The Law News Network – Axial Vector(TM) Engine Corporation (OTC Bulletin Board: AXVC – News), a company developing exciting and potentially revolutionary internal combustion engine technologies, announced today it has retained Jones Day, an international law firm with over 2200 lawyers in 30 countries, to advance their comprehensive intellectual property strategy that includes global IP licensing, patents, trademarks and litigation.
Jones Day has a history of being selective as to who they represent and can count over 250 of the fortune 500 companies as their clients including Dell Computer, Kodak, IBM, Yahoo!, General Motors and Dow Corning amongst others. Jones Day has approximately 325 Intellectual Property (IP) lawyers and is considered one of the top law firms in the world when it comes to IP and technology law.
Over the last thirteen months, Axial Vector has worked to establish a revenue stream based upon the licensing of its proprietary technologies and intellectual property. Axial Vector has since granted a license to Adaptive Propulsion Systems for the use of their unique internal combustion engine and related technologies for military applications by the Military of the USA and NATO Member Countries. Also, Axial Vector has entered into preliminary license negotiations with Kirloskar Oil Engines Ltd, a major engine manufacturing company based in India, for certain non-automotive uses of AVE technology and IP. The license agreements involve royalties payable on gross sales of manufactured goods and products that incorporate the licensed technologies. Axial Vector is currently engaged in active discussions with other industry leaders to license its Axial Vector Engine Technologies and its Gen Sets using Axial E Flux Generators.
“Hiring Jones Day demonstrates our commitment to continuously build upon our goal to be the leader in the development and licensing of innovative technologies related to the internal combustion engine and advanced electrical power generation. Jones Day has experience on a global basis and expertise that will allow us to implement our strategic planning to further develop and protect our Intellectual Property. We are quite pleased that they accepted us as a client and certainly look forward to working and growing with them,” said Dr. Raymond Brouzes, President of Axial Vector Engine Corporation.
About Axial Vector(TM) Engine Corporation
Axial Vector Engine Corporation is a publicly traded company that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine and generator technologies.
We believe the fundamental economic conditions that ruled since the development of the internal combustion engine over 100 years ago no longer exist. In today’s world of high fuel and oil costs, energy efficiency, weight, and space are key considerations.
We are developing and commercializing an exciting and potentially revolutionary internal combustion engine. Our engines are lighter, smaller and have fewer parts than a traditional engine. They are able to run on multiple fuels while making more power at lower RPMs than traditional ones. These innovative machines will be suitable replacements for existing engines in a number of industrial categories.
Key markets for the Axial Vector(TM) Engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators (GEN SETS) incorporating our unique Axial E-Flux technology. The GEN SETS have a high power density, will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators and the control is totally and dynamically integrated with the AV Engine.
About Jones Day
Jones Day is an international law firm with 30 offices in centers of business and finance throughout the world. With more than 2,200 lawyers, including more than 400 in Europe and 175 in Asia, it ranks among the world’s largest law firms.
More information can be found regarding Jones Day at their website; http://www.jonesday.com
For further information;
Dr. Raymond Brouzes, President
Axial Vector(TM) Engine Corporation
Aurelius Consulting Group,