Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines
Green Car Congress
FEBRUARY 2, 2010
Axial Vector will enter into a patent license agreement to the JV on its technology, and will receive a five-year royalty payment in addition to its JV ownership starting with 5% of product sales value. We believe this engine is a major breakthrough, which will improve various efficiencies involved in a typical Internal Combustion Engine.
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