Axial Vector Energy Corp., developer of advanced, high-efficiency energy engines, has access to two important fuel purification technologies associated with Petrosonics LLC, the privately held development stage oil refining technology company that is part of the PETROAVEC joint venture between Axial Vector and Petrosonics.

The first technology uses ultrasound at moderate temperature and atmospheric pressure to reduce sulfur and nitrogen in processed diesel. This is important because there is worldwide legislation aimed at decreasing sulfur emissions to zero, including emissions from off-road use such as marine and locomotive. There is also a shift in demand from gasoline to diesel. Hydrotreatment, the current technology, is not cost effective for mid to small sized refineries, and there is not enough capacity for increasing demand. The Petrosonics patent portfolio covers most of the world’s oil producers and refiners.

The second key technology removes sulfur, nitrogen,

Axial Vector Energy Corp. announced that its PETRO AVEC JV partner, Petrosonics LLC, has been awarded a patent in Indonesia that protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years.

According to the Oil & Gas Journal, Indonesia had 4.3 billion barrels of proven oil reserves as of January 2007. Although Indonesian crude oils vary widely in quality, most streams have gravities in the 22 to 37 degrees API range. Indonesia’s two main export crudes are Sumatra Light, or Minas, with a 35 API gravity, and the heavier, 22 API Duri crude.

In January of 2007, Indonesia had 992,745 bbl/d of refining capacity at 8 facilities, all of which are operated by PT Pertamina. PT Pertamina

Axial Vector Energy Corp. is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies in areas such as energy. In the energy area, the company has entered into a joint venture with Petrosonics LLC called PETRO-AVEC. The joint venture is owned 60% by Petrosonics and 40% by Axial Vector Energy.

The company’s PETRO-AVEC joint venture was setup to develop, finance and market Petrosonics’ sulfur removal technology which can be used in refineries around the world. The process removes sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment.

The PETRO-AVEC joint venture was recently awarded a patent for its sulfur removal technology in two additional countries. The two countries are both oil producing countries – Mexico and Egypt. In both cases, the patent awarded was for

Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was awarded a patent in Mexico. This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years.

According to the Oil and Gas Journal (OGJ), Mexico had 10.5 billion barrels of proven oil reserves as of the first of this year. Most reserves consist of heavy crude oil varieties, with a specific gravity of less than 25 degrees API. The main concentration of reserves is located offshore in the southern part of the country. There are also substantial reserves in Mexico’s onshore basins in the northern parts of the country.

Mexico currently has six refineries, all operated by

Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in Egypt (Egyptian Patent Application No. PCT/NA/122/2006). This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years.

According to the Oil and Gas Journal and the U.S. Department of Energy, Egypt’s proven oil reserves currently hold about 4 billion barrels. Egypt also has the largest refining sector on the African continent with nine refineries that have a combined crude oil processing capacity of 726,000 bbl/d.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Egypt stated, “International Oil Companies (IOCs), such as ENI, BP, Petronas, KUFPEC and others play a significant

Axial Vector Energy Corp. is a global solutions provider that owns, develops, licenses and invests in revolutionary engine and energy technologies. These technologies are expected to have widespread uses in various military, industrial and commercial applications.

One of Axial Vector’s joint ventures – PETRO AVEC LLC – has been invited and will present its technology at the Global Refining Strategies Conference in Houston, Texas on October 29-30, 2009. PETRO AVEC LLC is a joint venture between Axial Vector Energy (40%) and Petrosonics LLC (60%) to develop, finance and market Petrosonics’ sulfur removal technology globally.

The Global Refining Strategies Summit in Houston brings together the most knowledgeable and influential leaders in the refining industry from across the globe. It is the world’s showcase to explore strategies and benchmark the latest technologies to overcome the economic and environmental issues facing the world’s refiners.

Petro-AVEC CEO Dr.

Axial Vector Energy Corp, best known as a maker of energy conversion systems that are among the most efficient in the world, recently provided some valuable insight into its short and long term marketing and financial plans, suggesting an expected diversity of future income. The information came directly from Sanjai Chhaunker, Axial President and CEO.

On July 14th, the company will demonstrate the Axial Vector (AVEC) multi-fuel engine and 100KW “coreless” generator/electric motor to representatives of their new Malaysian licensee as well as the Malaysian government. The event is to demonstrate the generation of power from palm oil shipped from Malaysia to Virginia Beach, the site of the demonstration. At the same time, the company is working to complete two additional licenses and hopes to announce the addition of those significant revenue streams at the demonstration.

In support of its growing international

In May, Axial Vector Energy Corp. announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, recently received a Russian patent protecting the purification process that removes sulfur and nitrogen compounds from diesel oil, FCC cycle oil, FCC slurry oil, light/heavy gas oil and coker gas oil fractions. The patent will remain in effect for 20 years with the possibility of an additional five-year extension.

According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d, and produces significant amounts of heavy fuel oil, middle distillates, and gasoline. Roughly 20.5% of Russia’s total diesel output is exported. However, their refineries need to modernize in order to meet Europe’s growing demand for low sulfur fuels.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia, stated, “Russian oil companies are prime licensing

Axial Vector Energy Corp. (AVEC) focuses on the international engine and global energy markets by providing technology solutions for military, industrial and commercial applications. The company earlier this month announced that Muse Stancil will execute an independent review for AVEC’s Oxidating Desulphurization and Heavy Crude Oil Upgrading technology, which the company acquired through its joint venture (PETRO AVEC) with Petrosonics LLC.

Muse Stancil is a global consulting firm, focused on the energy industry, offering solutions for a variety of issues. Per its agreement with AVEC, Muse Stancil will evaluate the technology to determine the most effective commercialization strategy, as well as coordinate a plan to maximize the commercial development and deployment of the technology.

“Muse Stancil is the number one source of validated information to the refinery industry and we look forward to their global assistance in rapid deployment of PETRO AVEC technology,”

Axial Vector Energy Corp. today announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, was awarded two Hong Kong Patents, resultant from the award of European Union patents 1 635 924 B1 and 1 668 095/04 781 388.6. The two patents protect the method by which sulfur and nitrogen bearing compounds are removed from diesel oil through the use of sonic energy and an oxidizing agent. They also protect a related process for the removal of the resultant oxidized sulfur and nitrogen contaminants.

Several oil and gas companies have based their operations in Hong Kong, including CNPC Hong Kong, China Resources Petroleum Company, Ltd., SS United Oil & Gas Company, the Hong Kong and China Gas Company and the Hong Kong Petrochemical Company. The Hong Kong Petrochemical Company plans to invest HK$40-60 billion in the construction of an oil refinery, oil tanks,