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EPA
DATA CONFIRMS TORVEC HIGH START-UP EFFICIENCIES;
FUEL ECONOMY BREAKTHROUGH WILL BE DEMONSTRATED
IN GASOLINE POWERED GM TAHOE
ROCHESTER,
NY (June 2, 2004) — Torvec, Inc. (OTC Bulletin
Board: TOVC
[Quote].OB - News) announced today that recent
tests conducted under the supervision of the EPA
at its Ann Arbor facility demonstrated that Torvec's
12.2 cubic inch displacement hydraulic pump achieved
the highest recorded efficiencies at the crucial
gas guzzling city start-up phase of vehicle operation.
These efficiencies were achieved at engine idling
RPM which translates to attaining twenty miles
per hour from start-up with a Torvec infinitely
variable transmission equipped vehicle. In contrast,
all vehicles equipped with automatic transmissions
with torque converters produce little torque at
such low RPMs, requiring nearly 2500 RPMs to attain
twenty miles per hour from start-up. Since it
is axiomatic that fewer RPMs directly result in
greater fuel efficiencies, Torvec estimates that
achieving these efficiencies at such low RPMs
will at a minimum increase city MPG to highway
MPG, not only with diesel engines, but now with
gasoline fueled vehicles. This is critical to
the nation's overall gasoline consumption since
over 85% of US produced vehicles have automatic
transmissions with torque converters. Furthermore,
EPA statistics state that 62% of all driving occurs
in city conditions.
Based
upon these results and automotive industry requests,
Torvec will install its infinitely variable transmission
in a gasoline powered GM Tahoe SUV. Torvec believes
that this installation will demonstrate that its
IVT technology is commercially ready for production
and utilization in the full spectrum of gasoline
and diesel powered vehicles. Torvec is confident
that an IVT equipped Tahoe will prove that its
infinitely variable transmission provides a comprehensive
solution without economic penalty to the pressing
issues of:
- the
current gasoline crisis facing the world
- compliance
with ever tightening environmental emissions
standards
- persistent
consumer preference for SUVs and light trucks.
Torvec, Inc. specializes in automotive and related
technology. The company holds numerous U.S. and
international patents protecting inventions such
as a Steer-Drive and suspension system for
tracked vehicles, infinitely-variable transmission,
hydraulic pump and motor, constant velocity joint,
and spherical gearing. Ice Surface Development,
Inc. is advancing technologies to improve driving
experiences for industrial, commercial, and consumer
vehicles by eliminating the hassle of ice removal
and loss of traction. For additional information
and presentations, please visit http://www.torvec.com
and http://www.icesurfacedev.com.
This
news release contains forward-looking statements
that are based on current expectations, estimates
and projections about the company and its plans
for future operation, as well as management's
beliefs and assumptions. Words such as "expects,"
"anticipates," intends," "plans,"
"believes," "seeks," "estimates,"
and variations of such words and similar expressions
are intended to identify such forward-looking
statements. These statements are not guarantees
of future performance and involve certain risks,
uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or
forecasted in such forward-looking statements.
The company undertakes no obligation to update
publicly any forward-looking statements, whether
as a result of new information, future events
or otherwise. |
Symbol
TOVC
[Quote]
Exchange
OTC
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Outstanding
Approximately 29,000,000
52
Wk. Range
$1.25 - $9.98
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