SANTA ANA, CA- (NewMediaWire) - April 21, 2015 - SaviCorp®
(OTC
PINK: SVMI) is pleased to announce that by the end of the
first week of May, technicians from SaviCorp will travel to
Beijing, China to oversee the testing of the DynoValve® by China's
Ministry of Environmental Protection (MEP), the Chinese
government's equivalent of the Environmental Protection Agency
(EPA).
Testing will be held at the request of
SaviCorp's Chinese distributor, FlyingGlob, as the government has
promised to heavily subsidize the purchase of DynoValve units if
the test results meet certain thresholds, eventually leading to
prolific sales throughout China.
China's air pollution problem is well documented. The country
currently has 154 million privately registered autos, responsible for an estimated
30 percent of its pollution, increasing annually. It is anticipated
that by 2020, China could be looking at 300 million registered
vehicles and a rapidly increasing portion of air pollution
attributed to these vehicles -- thus the government's keen interest
in the DynoValve as a first step in the solution to its emission
problem.
The DynoValve will be tested in accordance with China's Ministry
of Environmental Protection's (MEP) standardized guidelines to
evaluate the efficiency and effectiveness of its ability to
significantly reduce harmful vehicle emissions by recycling blow-by
engine gases. Such tests have been conducted in the United States
by an EPA approved lab and have yielded impressive results,
including the most recent round of testing on light duty
automobiles.
Tests have shown significant reductions of pollutants such as
carbon monoxide (CO), nitrogen oxide (NOx) and total hydrocarbon
emissions (THC). Cold start test results on a 2008 Toyota
Highlander (a similar make, model and year that the Chinese MEP
will be testing) showed improvements across the board with a 30
percent decrease in THC, 35.6 percent decrease in CO and a 32.6
percent decrease in NOx. Hot start testing on the same vehicle
yielded much higher emission reductions averaging from 30 to 90
percent. Recent testing on mid-sized SUVs like the Toyota
Highlander (a very common vehicle in China) has also provided
exceptional improvements in fuel economy, peaking at 31.3 percent
(testing and results measured over 50 mile intervals). FlyingGlob
will also be performing a driving test to measure mpg gains and are
looking for an increase of at least ten percent.
The ongoing test results derived from the DynoValve are made all
the more impressive due to the highly accurate nature of the
testing and controlled variable settings introduced through
voluntary EPA protocols. Each vehicle tested with the DynoValve
installed has been subjected to a California Air Resources Board
(CARB) approved AMA road test cycle, which is tested by using 50
percent highway driving and 50 percent city driving to accurately
gauge fuel consumption in real-world driving scenarios.
"Working in conjunction with the Chinese government through our
distributor FlyingGlob to undergo EPA-level testing on the
DynoValve is a natural step in what we hope to be a mutually
beneficial partnership with that country," said Serge Monros,
President and CEO of SaviCorp. "We welcome the opportunity to
showcase the exceptional results that our product has proven to be
capable of and believe that this newest round of tests will serve
to cement the future of our distribution partnership in China."
Upon successful test results by the MEP, the distribution
agreement between SaviCorp and FlyingGlob will commence and the
first payment on the initial order of 5,000 DynoValves will be made
as part of the 50,000 units that Flying Glob has agreed to purchase
in the first year, as part of a seven year contract with SaviCorp
that will generate a minimum of $680 million in sales.
Once testing is completed in Beijing, SaviCorp technicians will
turn their attention to Seoul, South Korea where they will meet
with a prospective SaviCorp distributor to further expand
SaviCorp's reach in Asia.
For more information about SaviCorp's continued global
distribution efforts or to learn more about testing results for the
DynoValve, please visit the company's website at http://www.SaviCorp.com/. For more information
about DynoValve, please visit http://www.DynoValve.com/.
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. Many factors could cause actual results to
differ materially from our forward-looking statements.
SaviCorp® 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
its patented supplementary vehicle Emissions Reduction Technologies
(ERT). 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.
Testing is performed to the fullest degree of accuracy based on
real-world traffic, road conditions, weather and various other
external variables that may impact results. All tests have been
performed by a third-party EPA accredited lab under stringent
ISO9001:2008 standards.