SANTA ANA, CA--(Marketwired - Sep 5, 2013) - SaviCorp® (
Serge Monros, Founder, Chief Executive Officer/Chief Technology Officer, SaviCorp and Victor Chu, President, SaviCorp are pleased to announce that per the exclusive distribution agreement signed in May 2013 between SaviCorp and DynoGreen Tech, the initial order of 2,000 DynoValve units has been delivered to Dubai.
The DynoValve® is a patented automotive emissions system that replaces the manufacturers' PCV valve with a more effective, active, digitally controlled system. It recycles unburned fuel and oil vapor from the crankcase back into the combustion chamber to be reburned. This reduces harmful emissions, increases gas mileage and engine performance, among other benefits.
The first 2,000 units are essentially only "the tip of the iceberg" comments Savvy Green President Saheed Kottoth. "Many of the initial units are display and demo units that will help drive sales from corporate fleets in projected markets. In addition introduction of the DynoValve to the European market was extremely promising with our recent Automechanika Moscow 2013 Exhibition as an exhibitor." Kottoth further explains. In anticipation of the significant increase in the demand from DynoGreen Tech, much has been invested into retooling the completely upgraded DynoValve production capacity to supply orders of up to 50,000 units per month, and more. That level of capacity should be online within the next sixty days. The Savi team is confident this kind of volume can give SaviCorp greater margins and more flexibility in pricing to our volume distributors and a fatter bottom line to our shareholders.
"We are really happy with the progress that our distributor's Dubai organization, Savvy Green (A member of DynoGreen Tech, LLC, USA), has been making with its marketing and infrastructure development," comments Monros. Besides the delivery of units, training of local installers continues as the distributor installation network is progressively built. Installs and training by SaviCorp staff has already taken place in Dubai, Moscow, and Kuwait. Technician travel to Saudi Arabia, UAE, and India have been slated for September.
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 that has over 1,800 employees worldwide, including ownership positions in the courier, travel, IT and hospitality businesses. Makati Express Cargo LLC, Prime Express Couriers & Logistics a provider of international air and sea freight services and Dubai-based advertising company, Social Maestro Consulting, are owned by Prime Express Group, The company markets and distributes products and services to customers in the Middle East, Europe, 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 UAE.
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.