From the Desk of the CEO

Dwayne Fosseen, CEO

November 25, 2008

We have several marketing and business relation activities under way that we believe will expand Mirenco product sales and service significantly over the next several months. Several large mining companies have been working with Mirenco during 2008 because of the changing diesel fuel cost. These business relations have developed  to the point that even with lower fuel costs the Mirenco technology continues to move forward to becoming standard practice in the heavy equipment fleet operation. 

I believe as more customers implement the Mirenco products and service to better manage vehicle operation cost we will see this change in Mirenco’s value. If this prediction is correct then our clients will become Mirenco’s best marketing tool.

This week our MDEP Highlights compare a 1999 mechanical fuel injected 3406 Cat diesel engine that was evaluated the first time on 10-09-08 compared to another 1999 Cat 3406 diesel engine having regular MDEP combustion evaluations and engine combustion management service.  The engine receiving Mirenco evaluations has a calculated fuel loss of 470 gallons per year based on 18,000 gallons for comparison. The engine that just started its combustion program has a fuel loss of 3,000 gallons per year based on 18,000 for comparison. This is 2530 gallons of fuel loss that this engine simply could not burn because of its neglected combustion health problems. This engine ranges from 20,000 to 60,000 gallons of fuel burned per year pending the hours and work load. 

We see most of the Mirenco customers setting combustion limits on engine fuel efficiency after they relate fuel loss to combustion loss. If a vehicle owner one day seen diesel fuel leaking at 8 gallons per day from the vehicle fuel tank he would have the fuel leak fixed and pay the cost. The same diesel fuel leak flowing out the vehicle tailpipe makes it more difficult to understand fuel loss, the fix and cost. 

As an engine ages with hours of operation ‘all’ engines will lose ability to burn the maximum amount of the diesel fuel injected during engine accelerations and at full power.  The result of managing diesel engine combustion over an engine life results in significant fuel savings, less diesel emissions and extended engine life. Mirenco engine combustion health management program has proven to be one of the most cost effective solutions to manage underground diesel particulate air quality requirements. We now see Mirenco products and service moving from our underground mine introduction to above ground vehicles as more fleet owners figure out the cost benefit of maintaining engine combustion.

Dwayne Fosseen, CEO

Mirenco Inc.