SANTA ANA, California – Incontinued efforts to expand its global presence to more countries seekingadaptive automotive emission reduction technologies, SaviCorp® (PINKSHEETS:SVMI) executives will be traveling to Beijing, China during the week of March9, 2015.
During this trip to China, SaviCorpexecutives will be tasked with working to establish a satellite office, to becharged with facilitating the company’s partnership agreement with Asianenvironmental technology company Beijing FlyingGlob.
In opening this direct line ofcommunication within China, SaviCorp will grow the presence of its DynoValve®line of emission reduction technologies in Asian markets. The trip will concludewith a sizeable payment for a previously contracted order from distributorsalready partnered with SaviCorp, so that the distribution of DynoValve productsmay begin.
Also pertinent to the company’sgrowth efforts in Asia, SaviCorp met with representatives from a promisinggreen energy developer headquartered in South Korea on February 2 and 3, 2015.These representatives worked closely with SaviCorp staff while DynoValveproducts were tested to match the specification standards of the supplier.
The supplier witnessed an increasein fuel economy between 14 and 15 percent during the MPG testing phase andexamined the test drive data that prefaces the unparalleled effectiveness ofDynoValve products. Having surpassed expectations during testing, SaviCorpanticipates the signing of a distribution agreement that encompasses a sizabledemographic in South Korea.
“Our efforts within the Asianmarket have been swiftly taking shape and we’re now beginning to see a world ofpossibilities opening itself up to us,” said Serge Monros, President and CEO ofSaviCorp. “Our goal is that within the year, we will have spearheaded aprolific distribution campaign throughout Asia, which will serve as acornerstone in other worldwide distribution plans.”
SaviCorp’s worldwide expansionefforts continue to extend beyond Asia. In March, 2015, the automotiveinnovator will host a South African green technology company seeking trainingand a potential licensing agreement in regards to SaviCorp’s DynoValvetechnologies. The prospect could result in widespread distribution acrossAfrica.
SaviCorp’s upcoming trip to Chinaand its future meetings with interested distributors in South Africa come onthe heels of an already successful trip to Mexico City, Mexico, where thecompany currently remains in negotiations pertaining to a distribution licensethat would encompass the country of Mexico, and potentially all of LatinAmerica.
For more information aboutSaviCorp’s recent steps towards global distribution of its DynoValve technologiesor to learn more about the company and its products, please visit HYPERLINK"http://www.SaviCorp.com/" 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 its patentedsupplementary vehicle Emissions Reduction Technologies (ERT). Using proprietarymethods and processes, the company’s flagship DynoValve® system protects theenvironment, lessens an engine’s carbon offsets, increases gas mileage andimproves engine performance, resulting in dramatic savings in both fuel andoil.