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TORVEC
CELEBRATES VERNON GLEASMAN'S BIRTHDAY BY OBTAINING
ISO-TORQUE™ PATENT
ROCHESTER,
NY (JULY 7, 2004) — Torvec, Inc. (OTC Bulletin
Board: TOVC [Quote].OB
- News) anannounced that it celebrated world famous
inventor and company co-founder Vernon E. Gleasman's
92nd birthday by obtaining a US patent on its
new Iso-Torque™ differential. The Iso-Torque™
is a significant improvement over Vernon's original
paradigm-shifting differential that was first
patented nearly 50 years ago, won the Schwitzer
Award at the Indianapolis 500 in 1983, and which
has become widely used by most of the world's
major auto companies under the well-known Torsen®
trademark. The new Iso-Torque™ differential
increases the efficiency and strength of Vernon's
industry-proven differential while at the same
time reducing its size, weight and cost to manufacture.
Management believes that neither the Torsen®
nor any other limited-slip differential can be
produced as cost effectively as the Iso-Torque™.
Torvec shareholders should be pleased that, unlike
many other development companies where the shareholders
own only a license to an inventor's technologies,
Torvec shareholders actually own Torvec's complete
portfolio of worldwide patented automotive properties,
including the new Iso-Torque™ differential
patent. It is also significant Torvec's Full Terrain
Vehicle (FTV™) will require and be fitted
with two Iso-Torque™ differentials.
Torvec
also announced that it has acquired a fully loaded
2004 GM Tahoe SUV, and is rapidly moving to complete
its announced plan to install its infinitely variable
transmission in the Tahoe and test for fuel efficiencies.
The company has leased a facility which provides
a state of the art industry accepted Mustang dynomometer
to commence installation and testing.
Torvec
also announced that a completely redesigned corporate
web site at http://www.torvec.com
will be operational by July 15.
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.
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
Shares
Outstanding
Approximately 29,000,000
52
Wk. Range
$1.25 - $9.98
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