Sonex Receives $272,700 Contract for UAV Heavy Fuel Engine Conversion
January 03 2006 - 1:45PM
PR Newswire (US)
ANNAPOLIS, Md., Jan. 3 /PRNewswire-FirstCall/ -- SONEX RESEARCH,
INC. (OTC:SONX), a leader in the field of combustion technology,
announced that it has signed a contract for $272,700 with a large
international defense company to develop a combustion system to
convert a small gasoline engine to start and operate on standard
military kerosene-based fuels (also referred to as "heavy fuels")
for potential use in a military unmanned aerial vehicle (UAV). The
contract grants the customer sole rights for five years to the SCS
HFE(TM) conversion design for this model engine. The Department of
Defense (DoD) now requires engines used in UAVs and other military
applications for which gasoline storage and use are undesirable, to
operate on less volatile, kerosene-based heavy fuels to reduce the
hazard associated with gasoline. Sonex will design and develop a
heavy fuel engine (HFE) conversion process for this small,
two-stroke, spark-ignited (SI) gasoline engine based on the
patented Sonex Combustion System (SCS) modified combustion chamber
design and proprietary starting system for two- stroke SI engines.
Under this contract, Sonex will use its best efforts over the next
few months to develop a laboratory prototype engine operating on
JP-8 heavy fuel, and will conduct performance testing and limited
durability testing. Upon attainment of a successful prototype SCS
HFE(TM), Sonex hopes to be contracted for a follow-on program for
the development, fabrication and qualification of pre-production,
flight ready engines. Contact: George E. Ponticas, CFO, Sonex
Research, Inc., tel: 410-266-5556, email: , website:
http://www.sonexresearch.com/. About Sonex Sonex Research, Inc., a
leader in the field of combustion technology, is developing its
patented Sonex Combustion System (SCS) piston-based technology for
in-cylinder control of ignition and combustion, designed to
increase fuel mileage and reduce emissions of internal combustion
engines. Sonex plans to complete development, commercialize and
market its Sonex Controlled Auto Ignition (SCAI) combustion process
to the automotive industry to improve fuel efficiency of gasoline
powered vehicles. Additionally, independent third- party testing
has confirmed the potential of the SCS application for direct-
injected diesel engines to significantly reduce harmful soot
in-cylinder without increasing fuel consumption. Other SCS designs
are being used to convert gasoline engines of various sizes to
operate on safer, diesel-type "heavy fuels" for use in military and
commercial applications requiring light weight and safe handling
and storage of fuel, such as in UAVs (unmanned aerial vehicles).
CAUTION REGARDING FORWARD-LOOKING STATEMENTS "Forward-looking"
statements contained in this report, as well as all publicly
disseminated material about the Company, are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Act.
Such statements are based on current expectations, estimates,
projections and assumptions by management with respect to matters
such as commercial acceptance of the SCS technology, the impact of
competition, and the Company's financial condition or results of
operations. Readers are cautioned that such statements are not
guarantees of future performance and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in any such forward-looking statements.
Additional information regarding the risks faced by Sonex is
provided in the Company's periodic filings with the Securities and
Exchange Commission (SEC) under the heading "Risk Factors". Such
filings are available upon request from the Company or online in
the SEC's EDGAR database at http://www.sec.gov/. The Company,
however, is delinquent in its filings with the SEC. It has not
filed its Annual Report on Form 10-KSB for the year ended December
31, 2004 because it lacks the financial resources to engage its
independent accountants to conduct an audit of the December 31,
2004 financial statements and because its limited staff has not had
time to prepare the Form 10-KSB itself. For the same reasons, the
Company has been unable to file its Quarterly Reports on Form
10-QSB for March 31, 2005, June 30, 2005 and September 30, 2005.
The Company is unable to predict when it will be able to make these
filings and there can be no assurance that the filings will be made
at all. In addition, there can be no assurance that a public market
for the Company's Common Stock will continue to exist. DATASOURCE:
Sonex Research, Inc. CONTACT: George E. Ponticas, CFO of Sonex
Research, Inc., +1-410-266-5556, Web site:
http://www.sonexresearch.com/
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