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From the Desk of the CEO






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Skip Navigation Links2001 Releases > February 5, 2001

DriverMax Honored In Top 100 Technologies of the 20th Century 

Radcliffe, IA - Mirenco is pleased to announce that our DriverMax® technology has been named one of the “100 of the best scientific and technological accomplishments of the Department of Energy” in the Energy 100 Awards.

The DriverMax® concept was invented as a core component of a larger fuel injection system by Dwayne Fosseen, founder, Chairman and CEO of Mirenco. Mr. Fosseen’s concept was subsequently engineered under a joint development agreement with the United States Department of Energy (DOE) Kansas City Plan (KCP).

As stated in the original joint development Program Description:

“KCP engineers were tasked with determining if it was possible to take the driver out of the emission loop and create a fuel management system that was based on vehicle speed, road grade, gear state, and wind resistance. This was to be accomplished without sacrificing vehicle safety and without raising operating complaints from vehicle operators and passengers. The KCP developed a microprocessor-controlled system which analyzes the vehicles operating conditions and controls the alternate fuel injection rate. This new electronic device optimizes many conditions and provides better emission reductions.”

The resulting core technology, DriverMax®, was subsequently patented in the United States, Mexico and Canada. The DriverMax® product carries the DOE seal and an exemption number certificate from the California Air Resources Board.

The ENERGY 100 Awards honors 23 years of the best scientific and technological accomplishments the Department of Energy has to offer since the DOE opened its doors in 1977. A distinguished citizen panel of judges was asked to select the top 100 based on three criteria:

  1. Did it have a consumer orientation?
  2. Did it save money?
  3. Did it improve the quality of our life?

The DOE is committed to saving consumers money and improving quality of life. Mr. Fosseen, commenting on the DOE programs said, “This clearly demonstrates how public investment can make a difference in our world. The DOE’s efforts are paying off both environmentally and economically.”

Mr. Fosseen further stated, “Our second development agreement with the DOE KCP is underway, and our rollout plan is quickly unfolding. Air quality and fuel supply are issues that aren’t going away. The world is ready, and we intend to leave the world a better place with our technology.”

For information on Mirenco see the website at or call 800-203-0499.

SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Form SB-2 filed with the Securities and Exchange Commission, effective January 26, 2001. 

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