SANTA ANA, Calif. – With the recentsigning of a new and ambitious emissionreduction treaty by the United States and China, the world’s two largestproducers of carbon dioxide, SaviCorp® (PINKSHEETS: SVMI) is looking ahead atthe benefit that this agreement will have on its family of DynoValve® products.
The treaty, which was signed byU.S. President Barack Obama and Chinese President Xi Jinping in Beijing, opensthe doors for all types of emission reduction products and implementations,including those in the automotive sector. The agreement also proposes enhancedtrade opportunities, including an abolishment of existing tariffs on items suchas semiconductors and other information-technology products, estimated to spurnearly one trillion dollars in trade revenue.
As a result of the pact, the UnitedStates is expected to cut its emissions by at least 26 percent over the nextdecade, while President Xi Jinping agreed to cap China’s emissions by 2030, aimingto convert a fifth of its total energy to renewable and nuclear energies. Thegoals set down by both nations will act as a blueprint for upcoming climatetalks involving more than 140 countries in Paris next year.
SaviCorp’s family of DynoValveproducts stands poised to capitalize tremendously from the agreement betweenthe United States and China, chiefly thanks to its recent and prolificpartnership with Beijing FlyingGlob Environmental Technology Limited Company.With an initial distribution agreement of 50,000 DynoValve® units through 2014and another 5.5 million units slated to be distributed over the next fouryears, implementation and demand for SaviCorp’s flagship product will seesubstantial increases as China seeks to corral its emissions per the outline ofthe treaty.
Delivery, installation, and (EPAequivalent) testing of the DynoValve is already underway in China, with theproduct’s 6.04 percent fuel economy increase being duly recognized. SaviCorp anticipates exceptional results forreduction in automotive emissions with DynoValve in place, with quantifiedresults to come in December or January, when SaviCorp executives will travel toChina.
“Our outlook in China, with thesuccess of our DynoValve product and the recent emission reduction treaty, standsto be tremendously positive and very exciting,” said Serge Monros, Presidentand CEO of SaviCorp. “Before the end of the year we’ll have already takensubstantial steps towards realizing the widespread capabilities of our productson a grand scale and we’ll work towards scaling this model to increase ourworldwide capabilities.”
The news of implementation in Chinaalso comes on the heels of SaviCorp’s recent ISO 9001:2008 accreditation,wherein the company was certified quality in its policies, practices andprocesses, ensuring superior production capabilities.
Next steps for SaviCorp includeundergoing its EPA 511 and FTP 75 emissions testing protocols, to achieve thenecessary product credentials for worldwide claims of emission reduction andenvironmental soundness. In particular, SaviCorp hopes to bolster its standingin the United Arab Emirates, where these accreditations will help to promotethe country’s mandate for lower emissions, as well as in Mexico City and Korea,with whom SaviCorp is negotiating distribution channels.
For more information regarding SaviCorpand its continued growth, its products or for information about its current andfuture product offerings, please visit http://www.savicorp.com/.
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Forward-Looking Statement Disclosure
Statements contained herein thatare not historical facts may be forward-looking statements within the meaningof the Securities Act of 1933, as amended. Although we believe that theexpectations and assumptions upon which they are based are reasonable, we cangive no assurance that such expectations and assumptions will prove to havebeen correct. Many factors could cause actual results to differ materially fromour forward-looking statements.
SaviCorp®is an innovative automotive technology company that licenses, manufactures,distributes and services an array of patented technologies and products thatreduce harmful emissions and improve fuel efficiency. The company, an evolutionof more than twenty years of automotive engine emissions testing, materialsresearch and development, was formed to create, support and license itspatented supplementary vehicle Emissions Reduction Technologies (ERT). Usingproprietary methods and processes, the company’s flagship DynoValve® systemprotects the environment, lessens an engine’s carbon offsets, increases gasmileage and improves engine performance, resulting in dramatic savings in bothfuel and oil.