Mirenco and Ital-Diesel Sign International Distribution Agreement
|
|
Dwayne Fosseen, Chairman & CEO of Mirenco, and Giovanni Cane, President of
Ital-Diesel. |
Mirenco and Ital-Diesel take a break from their work for a photo in front of one
of the many trucks that Ital-Diesel maintains. |
Mexico City, Mexico -- Last week, Mirenco signed an
international distribution agreement with Ital Diesel, Mexico City's largest
independent fleet transportation maintenance center. The agreement gives
Ital-Diesel the right to distribute in Mexico City and surrounding areas where
their reputation is well known as a high-quality engine emission control
organization.
Dwayne Fosseen, Chairman and CEO of Mirenco, and JR Relick, Mirenco's Chief
Operating Officer, made the trip to Mexico city to demonstrate Mirenco's new
DriverMax add-on that effectively computerizes non-computerized engines. The
demonstration went flawlessly and Ital-Diesel was impressed enough to sign a
deal on the spot. Dwayne Fosseen commented after returning from the trip, "The
Ital folks are some of the most competent and qualified people I've seen in the
field of engine combustion and air quality. They quickly recognized the
benefits, both economic and environmental, that our products offer.
Consequently, they'll not only be known for their high quality and expertise,
but they're about to be known as leaders in cleaning up the air in and around
Mexico City."
The DriverMax add-on, more formally known as a Linear Actuator, represents a
tremendous breakthrough for Mirenco and distributors like Ital-Diesel. DriverMax
currently operates on vehicles that are both electronic and diesel burning.
Although the population of vehicles fitting this description is huge
(effectively all diesel vehicles built during and after the early 1990's), there
remains a considerably large population of diesel vehicles that do not meet
those requirements. These vehicles are technically called "mechanical" engines,
and, to date, DriverMax has not been operable on these engines.
With the advent of the Linear-Actuator, the mechanical diesel vehicles are now
potential benefactors of Mirenco's patented technology. Dwayne Fosseen commented
on the advancement, stating, "Although we in the US have a large population of
both mechanical and electronic engines, other countries have literally millions
of older, mechanical vehicles. These vehicle engines are less efficient during
the combustion process, burn way too much fuel, and generate a disproportionate
amount of pollution. Now, we can go after them all, worldwide."
The DriverMax add-on Linear Actuator also opens up the door to applying
Mirenco's patented technology to gas-powered vehicles of all types, including
passenger vehicles. When asked about the obviously large and expanding market
for Mirenco products, Mr. Fosseen replied, "All internal combustion engines are
inefficient, wasting 15-25% of the fuel their operators give them...we all do
it, we all over-accelerate...depending on age, type, load, driving conditions,
etc. Our patents cover the technology of real time management of all the
affecting variables in order to save fuel and reduce emissions. We've just
started with the variations of applications of the patents, and we know that the
world is our market and everyone who breaths air is the benefactor of our
technology."
About Mirenco
Mirenco is a Radcliffe, Iowa-based Company that specializes in patented vehicle
management technology and consultative services for reducing vehicle emissions,
improving fuel economy and lengthening the service life of heavy-duty diesel
vehicles. More information is available at
www.mirenco.com, or via e-mail at
info@mirenco.com or by calling
800.423.9903.
Some of the statements made in this press release are forward-looking in
nature. Actual results may differ materially from those projected in
forward-looking statements. Additional information concerning Mirenco, Inc. can
be found within Mirenco's filings with the Securities and Exchange Commission.
Statements in this release should be evaluated in light of this additional
information.
Contact Information:
Dwayne Fosseen
fosseen@mirenco.com
800-423-9903
|