Editor's Letter - Cleaning Up the Sky, Engine by Engine
In their efforts to alleviate the world's growing pollution problems, scientists
have searched for alternate fuels and smaller engines. Yet, an inventor from
Iowa prescribes a simple solution so obvious as to beg the question, "Why didn't
someone think of that before?" But no one did, and Dwayne Fosseen could be
sitting on one of the most sought-after patents in the last decade.
Fosseen believes the crux of the problems related to fuel consumption and
polluted cities arise from improper fuel flow. That means that of the estimated
one billion cars operating in the world, 20 to 30 percent of the fuel is wasted.
Fosseen says that waste accounts for 80 percent of the air's pollutants, which
means that when you see a hazy skyline, the majority of what's visible is fuel
that didn't burn properly.
His device, the DriverMax, is a computerized throttle-control system that
optimizes fuel flow by operating between the gas pedal and engine. In other
words, a driver can't "punch it" on an incline or straightaway, and thus, use
fuel inefficiently. The brick-sized device also reportedly increases fuel
mileage 5 to 10 percent and reduces emissions by more than 50 percent - all
without hindering the vehicle's performance.
Though Fosseen's company, Mirenco Incorporated, markets other products such as
fuel additives and a cruise control device, DriverMax has made an impressive
debut. Louisville, Kentucky's municipal government recently ordered $94,000
worth - impressive considering its retail price of $450 - and Memphis has
already placed two orders. Republican presidential candidate Steve Forbes had
one installed on his campaign bus, and tour bus companies in Canada and Grand
Canyon National Park are satisfied users.
Mirenco doesn't operate from a metropolitan base such as Des Moines (Radcliffe
is actually a farming town of 600), but the company enters the global
marketplace at a time of great need. The Environmental Protection Agency
recently proposed higher emissions standards for trucks, fuel prices are
steadily climbing while concerns over global warming escalate with an increased
flurry of ecological disasters. None of this is lost on Fosseen, who wears his
environmental concerns on his sleeve.
Mirenco is "a green company," he said, and the company's products are his
contributions toward reversing the trends. Big thinking requires big money, and
Fosseen already has those bases covered. After selling more than two million
shares in two direct public offerings, he's charting the company toward a NASDAQ
listing. Eventually, he wants to reduce the manufacturing overhead to slash
retail prices in half, so that in due time, any driver will have the option of
owning a DriverMax. It's a healthy marriage of the utopian and capitalistic
dreams, and if Fosseen succeeds, one that can be seen over a city skyline.
To read more about Mirenco, see our "Letting Up on the Gas" article on
page 18.
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