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Skip Navigation LinksHome > CEO Desk - March 13, 2009

From the Desk of the CEO

Dwayne Fosseen, CEO

March 13, 2009

We believe that in Mirenco’s technologies and patents we have a capability which no one has ever been able to offer to vehicle fleet owners in the past. In other words, most of the focus has been on selling new vehicles and getting rid of the older vehicles. I am amazed with how little that technology has been developed for the existing vehicles with regard to tools that maintain engine combustion. In addition, Mirenco has given mechanics and vehicle sales teams a professional service (MDEP) for measuring and managing vehicle operation cost. With regard to an engine’s combustion, mechanics had no measurement procedure in place that maintained the certified combustion over the engine’s life. Mirenco has made it possible for the mechanics to tune and repair an engine using only the engine’s tailpipe combustion data. Since every gallon of fuel that is wasted costs an organization money, Mirenco service providers have learned how to read engine combustion reports so that they can make sure that the diesel fuel that is being injected is being burned as efficient as possible. We're seeing new jobs which are based on our clean engine technologies being created or maintained in today’s failing economy. We have Mirenco vehicle service providers in Iowa, Minnesota and in many other states. We are also seeing our technology expand rapidly throughout the mining community.

We now have a distributor (Whayne Supply Company) that will be expanding the Mirenco technologies throughout the United States and Canada. I continue to see 2009 as an exciting year as our sales and new clients develop from our new marketing partner. Over the next five years, I believe our sales projections are conservative. With an emphasis placed on marketing, we will have a sales power that Mirenco has not had in the past. There will be a sales video available, which should be a real eye opener for our future MDEP service providers that are looking for ways to save money in the current economic climate.  This will be a tremendous sales network capability that's going to enhance our company in selling our technology and products.

I believe Washington, EPA, and CARB in California are all going to be interested in Mirenco technology before the end of 2009.  Internationally, Mirenco introduced MDEP to China during December of 2008. We understand that Mirenco has been the first company that the Chinese government has been able to verify that a smoking city bus turned into a smokeless city bus. Our technology is new to China and since they are very interested in cleaning up air quality, it appears as though China is considering the use of our technology to clean up the foul air that is due to the diesel busses.  It is our expectation that we will continue to build our relationship with China and thus see significant international sales in 2009 and beyond.

In closing, we have a number of significant patents and they are viewable on our web site. For example, in one of our recent patents (#7,454,284) which we received in 2008, Mirenco claims the  rights to having a fuel control device on a vehicle that is able to send real-time information from the vehicle to the Mirenco database or any other remote monitoring network. So, essentially, Mirenco owns the rights to use satellite, GPS, and any other real-time communication device all of which could use a plurality of sensors that would be installed on the engine to send information from the engine to Mirenco or any other place that we set up a remote monitoring network. From there, our computers would send back information to that vehicle and adjust the engine’s fuel injection to maintain combustion and fuel efficiency in real time. The day is coming when fuel loss and above normal emissions will have to be maintained immediately and automatically.  Summarizing, Mirenco has the ability to control the fuel injection from our remote monitoring locations. Currently, we are learning that the mining companies are very interested in this real-time Mirenco technology because of the large amount of that their machines use and the fact that Planet Green is pounding at their doors.

Mirenco's website (www.mirenco.com) should be regularly viewed to keep up to speed on any new developments that occur in today’s fast paced environment.

Dwayne Fosseen, CEO

Mirenco Inc.




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