SaviCorp(R) Successfully Completes Deliveries of First 2,000 DynoValves(R) to Middle East Distributors
September 05 2013 - 9:00AM
Marketwired
SaviCorp® (PINKSHEETS: SVMI)
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.
About SaviCorp®
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.
RELATED LINKS http://www.savicorp.com http://www.dynovalve.com
http://www.savvygreen.ae
CONTACT: SaviCorp® 2530 South Birch Street Santa Ana, CA
92707 (877) 611-7284 (714) 312-5352 DynoGreen Tech LLC, USA Saheed
Kottoth 8155 Mira Mesa Blvd., Suite 8 San Diego, CA 92126 (877)
621-9999 Savvy Green General Trading LLC Latifa Towers, #1006
Sheikh Zayed Road Dubai, UAE P.O. Box 128499 +971-4-396-0501