From the Desk of the CEO
Dwayne Fosseen, CEO
February 20, 2009
It may be a perfect time to refresh our Mirenco readers on what Mirenco technology
represents and who we are selling our products and service to. In 2009, we will
be expanding Mirenco products and services through the United States and Canada;
mainly selling to off-road heavy industrial equipment through our exclusive
distributor,
Whayne Supply. Mirenco will also begin selling product and services,
during 2009, for city bus emission reductions in China and India. We believe the
third and fourth quarters of 2009 will reflect that Mirenco has established the world
standard diesel combustion evaluation procedure, MDEP. MDEP will be
used by diesel vehicle service centers around the world in the same manner of
responsibility as an aircraft mechanic would sign off an aircraft regarding air-worthiness.
MDEP service providers will sign off on engine combustion responsibility
regarding fuel efficiency and the engine air quality factor.
Mirenco markets patented technology that offers new and better tools for
cleaning up and maintaining diesel engine combustion over an engine life. The
world has over one billion vehicles burning fuel each day and that is our market
for Mirenco products and services. Mirenco technology represents a complex system
that will maintain emissions and fuel efficiency, thereby leading to improved
air quality.
We have explored several markets for Mirenco products and services including city buses, school buses and trucking fleets, and
have found that these markets replaced
vehicles with new vehicles in order to avoid service and repair cost. This plan
of replacing vehicles before the factory warranty expires may not be as easy
with the economy we have today. The heavy duty off-road industrial engines and
vehicles offer Mirenco the perfect fit for our products and services because of
the huge amount of diesel fuel that these vehicles burn and the long life that these
vehicles have.
Mirenco products and services not only reduced diesel black smoke, but we have
also seen
reduced fuel cost and extended engine life. Mining equipment makes up the
majority of Mirenco sales at this time. These huge types of equipment commonly burn
anywhere from 25,000 gallons up to 400,000 gallons of diesel fuel a year and
fuel priced in 2008 captured fleet management attention for Mirenco products and
services. Mirenco developed a technology to measure diesel engine combustion
called the Mirenco Diesel Evaluation Procedure (MDEP). This is a new real-time
combustion evaluation and is conducted by trained diesel mechanic’s no less than two
times per year for each engine.
All EPA regulated emissions are measured and sent from the vehicle to the
Mirenco database. An engine combustion health report is made by the Mirenco
automated computer database system located at our headquarters location in Radcliffe, Iowa. The Mirenco engine
combustion report, with our recommendations, are used to determine if there are
mechanical engine problems needing service or if a fuel injection adjustment is
needed to better match the engine's real-time ability to burn fuel. Our
objective is to maintain the engine combustion level, like new, over the entire
engine life. MDEP reporting service is one of our primary revenue incomes for
Mirenco. We have been fortunate to have found business partners that understand
the broad value Mirenco technology offers. This fact is apparent in our
agreement, SEC 8-K filing on January 16th, with Whayne Supply that discloses Whayne Supply as an exclusive distributor of Mirenco technology,
products, and services throughout the United States and Canada.
Dwayne Fosseen, CEO
Mirenco Inc.