SaviCorp Awarded Bergelectric Fleet Contract
(firmenpresse) - SANTA ANA, CA -- (Marketwire) -- 02/03/12 -- ® (PINKSHEETS: SVMI) signed a contract to retrofit Bergelectric Corp's Southern Calif. fleet vehicles with the newest DynoValve® Jan. 27. After finalization this week the first 130 of its fleet will be getting their green upgrade over the next month.
Over that last two months Bergelectric conducted preliminary tests before the purchase was finalized. Bergelectric's internal testing demonstrated added efficiency in fuel consumption; validating the estimated return on investment given by SaviCorp's CEO Serge Monros. "We estimated that after about 6 months Bergelectric would have paid for their retrofit. SaviCorp is very excited about this sale, because the results from Bergelectric lends to our credibility, and the opportunity to close more fleet sales."
"As a large consumer of gasoline [it's] our hope this small step, coupled with a number of other ongoing green initiatives will, not only help reduce our operating costs, but ultimately help reduce our carbon footprint; our consumption of fossil fuels; and improve our position as a good corporate citizen in America," stated Robert Moreno, a Bergelectric spokesperson.
DynoValve is the first, and only, electronic positive crankcase valve (PCV) shown to reduce harmful vehicles emissions by 50% to 90%, with a by-product of reduced maintenance and fuel costs. The tests conducted to prove the benefits have been accepted by the Environmental Protection Agency. This green-solutions product has an from the Air Resources Board of California.
"The product does a good job at increasing efficiency in existing technology, with little impact and minimal up-front costs, so we see it as a cost-effective option," Moreno continued. "It's important to us to find green solutions and products because, we recognize our responsibility as a corporate citizen and the positive impact we can have on the communities in which we do business."
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.
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.
Contact
Serge Monros
SaviCorp
(877) 611-SAVI (7284) ph
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Datum: 03.02.2012 - 14:30 Uhr
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News-ID 110883
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