SANTA ANA, Calif., July 12, 2012 /PRNewswire/ -- SaviCorp® (PINKSHEETS: SVMI)
SaviCorp today announced a sales update of the company's core product, the DynoValve, which when installed on cars or trucks, provides drivers and fleet owners with increased fuel economy and significantly reduces exhaust emissions.
SaviCorp's Chief Executive Officer Serge Monros says that the company has been installing the DynoValve on cars and trucks in Indianapolis, IN, Fort Wayne, IN, and Bloomington, IL, joining other national locations as the company continues to expand its installation efforts nationwide.
"We've installed the first 100 DynoValve units on one fleet operation that has nearly 10,000 construction vehicles," said Monros. In addition to these installations, Monros said that the company is in test stages with the DynoValve at a major university on the east coast after a recent visit by the SaviCorp install team. "That testing will happen over the next six weeks and we expect to install more DynoValves on the university's vehicles once we receive their results," said Monros.
In addition, SaviCorp announced the installation of 14 DynoValve units on another 60 vehicle fleet operation, expecting to complete the full amount shortly after testing, and that the company is in negotiations with yet another east coast firm to install units in their trucks, which number up to 3,000 vehicles.
Monros also noted that SaviCorp is increasing its sales force to complement these current efforts toward increased company reach nationwide.
"Our strategic fleet plan to increase the company's footprint nationwide has advanced dramatically, and we're expecting even more firms will gain awareness of the DynoValve via our aggressive media campaigns and testimonials – leading to enhanced sales opportunities," said Monros.
After initial testing phases are completed on these preliminary fleet groups and the subsequent installations have been executed, SaviCorp will issue dual press releases with key companies and institutions demonstrating their overall installation results. Look to SaviCorp's website at www.savicorp.com for these ongoing corporate announcements.
SaviCorp (www.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.
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.