Scuderi Group Signs Exclusive Asian Representative Agreement with Sojitz Marine
WEST SPRINGFIELD, Mass., Sept. 24, 2013 /PRNewswire/ -- Scuderi Group, Inc., developers of the SCUDERI™ Split-Cycle Engine technology, today announced it has signed a four-year agreement with Tokyo-based Sojitz Marine Engineering Corp. (SOMEC) for exclusive representation in the shipbuilding and marine transportation markets in Korea and Japan. This represents Scuderi Group's continued growth in Asia and further progress in the development and commercialization of the Scuderi technology.
According to the agreement, SOMEC will assist the Scuderi Group in promoting, selling, and licensing the patented engine technology to the manufacturers in those regions. SOMEC is a wholly owned subsidiary of Sojitz Corporation, one of the largest Japanese trading companies with extensive expertise and reach in the marine transportation and shipbuilding markets worldwide.
"Forming a relationship with Scuderi Group will positively enhance SOMEC's offering into the marine industry in this region," said Mr. Kazushi Konishi, executive officer of SOMEC. "We are excited to be able to represent such innovative and ground-breaking technology. We look forward to working with Scuderi Group to advance their reach into Asia."
Sal Scuderi, president of Scuderi Group said: "The new generation of vessels being launched opens up a lot of potential for the Scuderi technology as environmental regulations and the rise of fuel costs has made us a very compelling alternative to the conventional internal combustion engine. Our partnership with SOMEC makes us a stronger company and accelerates the proliferation of the Scuderi Engine."
The Scuderi Engine's Split-Cycle design separates the compression stroke from the combustion/power stroke to achieve world-class efficiency levels without compromising power. In addition, many advanced features are currently being developed, including a compressed air energy storage capability that can be used as an air-hybrid for mobile applications and energy storage for electric power generation.
For further technical information, please visit online at www.ScuderiGroup.com.
About Scuderi Group
Scuderi Group, Inc., is an engine development company that has advanced the design of the internal combustion engine through its split-cycle engine technology known as the SCUDERI™ Engine. Through its Engine Development and Power Generation/Energy Storage engineering efforts, the company has discovered new ways that split-cycle thermodynamics can increase fuel efficiency and reduce emissions beyond what conventional engines achieve today. Additionally, the Scuderi Engine provides the manufacturability and power density required by the world's largest engine manufacturers without the use of exotic parts or changes to the conventional engine block. Scuderi Group holds a patent portfolio that contains more than 500 patents filed and over 200 patents issued worldwide. Scuderi Group is headquartered in West Springfield, Mass., USA, with offices in Frankfurt, Germany and Nagoya, Japan. For more information, visit www.ScuderiGroup.com.
SOURCE Scuderi Group, Inc.