USA, Florida
Plans for Asia, China, Europe and the Domestic United States
US Energy Initiatives Corporation (USEI) has unveiled the Company's
technology deployment launch for the fourth quarter 2006 through 2007.
USEI CEO Mark Clancy said the company is poised to launch programs in
Asia, China, Europe and the US beginning in the fourth quarter 2006
throughout 2007. “Our patent dual-fuel technology is about to take its
place on the world’s stage,” concluded Mr. Clancy.
Technology validation – The company began technology
evaluation with GM Thailand during June 2005. After well over a year
and a number of conversions later, GM Thailand selected the USEI
dual-fuel technology. Testing confirms the systems are able to
replicate the power and torque of the diesel engine while displacing on
average 60-65% displacement of diesel with natural gas. This success
has since led to further inquiries from other OEMs.
Available inventory – During the past sixty days the company has
stock-piled an inventory of systems to meet the near-term anticipated
requirements to ensure they have no delays due to component part
availability.
Initial Technology Roll-Out
Asia – General Motors Thailand – USEI’s launch with GMTH begins with an
appearance at the Truck and Bus Expo in Bangkok Thailand during early
November. Following this introduction to the Asian marketplace, GMTH
will begin offering their C-190 Colorado Pick-up with dual-fuel option
through the 85 dealerships spread throughout Thailand. Average sales of
½ system per month per dealership, would see the company exceed
first-year annual volume objectives. The price of diesel in Thailand is
approximately $2.60 a gallon while the price of natural gas is
approximately $0.80 a gallon equivalent.
Asia – PS Gas Company Ltd – USEI has received the engine shipped from
Thailand by PS Gas in early October and is on track to deliver the
first conversions during November, returning to Thailand during
December to begin the conversion of 10,000 buses over a five year
period. An average rate of over 100+ conversions per month is
anticipated to meet the company’s goal.
China – WeiChai Peterson – Sub-licensee for China, US-based WITCO Intl
has executed a supplier agreement with WeiChai based on a system
developed for their engine during the first quarter 2006. The team at
WITCO will be returning during October and USEI will join WITCO during
December 2006 in China to make final systems adjustments. A launch is
expected early to mid 2007.
Europe – TruckGas – Sub-licensee TruckGas is slated to field-test and
launch USEI technology beginning in early 2007. Candidate engine
platforms have been selected and will begin final development work in
mid- late November 2006. TruckGas has reported to USEI the price of
diesel in Europe is approximately $10 a gallon while the price of
natural gas is approximately $2.30 a gallon-equivalent.
Domestic United States – Three domestic US programs are scheduled for
launch in early 2007. In the mean time, the company will continue
converting vehicles for the State of New York through their sub-licensee
BAF Technologies. Snow plows and school buses are the typical
application.
Channeling wasted methane: Taking a page from the US EPA, USEI is
launching a program to channel the methane produced in mining
operations to power a host of diesel vehicles used in their operations.
Despite not having the wide price disparity in diesel compared to
natural gas in the US, the methane produced by these mines is typically
flared and can be compressed and delivered for use at a fraction of the
current cost of diesel.
Duramax 6.6L roll-out: The company is also finalizing a dual-fuel
system for the new and popular GM Duramax engine. Following EPA
certification, market availability is expected during the first quarter
2007.
Municipality infrastructure build-out: USEI has also been selected
to participate in a program with a municipality in New York wherein they
will provide the conversion technology, a local gas provider will
install and service refill stations and the municipality enjoys the
benefits of clean-burning natural gas. In this scenario, the costs of
the project are borne in part by the federal government and in part by
the gas utility. Once completed, they will have formulated a template
that can be replicated throughout the US to aid in natural gas
infrastructure build-out.
The full details of the Company’s pending launch programs can be viewed
through a special pdf power-point presentation on USEI’s internet
website titled "Technology Launch Forecast."
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