Torvec's IVT Exceeds Industry Standards and Expectations; Ice Technology Funded

ROCHESTER, N.Y., Aug. 13, 2003 -- Torvec, Inc. (BULLETIN BOARD: TOVC.OB) announced today Torvec announced today that actual, real world test results performed to date for its Infinitely Variable Transmission (IVT) have demonstrated that the IVT exceeds existing industry standards and management's expectations.

"We are delighted that our IVT has achieved 98 percent volumemetric efficiency," said Torvec President, Keith E. Gleasman. "The 'blow-by' (an industry term for measuring the amount of oil passing through the system without performing work) for seven-cubic-inch conventional, commercial pumps is approximately 4.5 to five gallons per minute. We expected our system to do better -- 1.2 to 1.5 gallons per minute. We were pleasantly surprised when our 12-cubic-inch system's blow-by at 200 psi was 0.5 to 0.7 gallons per minute. All blow-by is completely recaptured and reused."

Mr. Gleasman also stated that the Dodge Ram 4x4 has been programmed to accelerate from zero to 60 mph in nine seconds, which is faster than the same vehicle with a gasoline engine and three seconds (25%) faster than a Dodge Ram with a diesel engine and automatic transmission.

"We also were very pleased that the torque generated by the vehicle is more than adequate to accomplish any task the 4x4 was designed to do," he added.

Mr. Gleasman noted that Torvec built approximately 28 computer-linked sensors into the IVT to obtain real-time results on the internal workings of the hydraulic pump/motor and gearing. While time has been expended by this process in calculating and benchmarking the accuracy of gathered data, this methodology (which produces data and graphs each 1/10 of a second) is gaining respect and credibility in the industry in comparison with the more time consuming dynamonitor test-stand procedure.

"Torvec and Clean Air Technologies (Torvec's EPA testing service) are committed to maintaining the highest SAE and EPA testing standards -- anything less would be foolish," Mr. Gleasman commented.

Mr. Gleasman also noted that during the testing Torvec's technicians constantly inspected the internal workings of the IVT to verify the company's finite element program (CADCAM) for durability and wearing of parts. During this same period, a significant increase in oil flow to the bearings was attained, thus ensuring that the highest loads and RPMs could be achieved.

Eric Steenburgh, Chief Executive Officer, stated: "Our present focus is on optimizing the electronic controls. We remain confident that all our fuel efficiency and emissions goals will be achieved."

Clean Air Technologies has nearly completed its EPA test program on a Dodge Ram 4x4 "control" vehicle. The "control" vehicle is identical in all respects to Torvec's Dodge Ram 4x4 except that it has an automatic transmission in place of Torvec's IVT.

Clean Air Technologies has scheduled completion of EPA testing on both the Torvec Dodge Ram and the "control" Dodge Ram the week of September 6, 2003.

Torvec also announced today that its subsidiary, Ice Surface Development, Inc. (ISDI) has secured a best efforts funding arrangement with Athena Capital Partners for the continued development and commercialization of our Ice Technology. In addition, Nissan Diesel America has supplied ISDI with sample windshields for prototype development of the deicing system for testing this winter with a fleet customer who operates across the north and central United States.

Torvec, Inc. specializes in automotive and related technology. The company holds numerous U.S. and international patents protecting inventions such as a steering drive and suspension system for tracked vehicles, infinitely-variable transmission, hydraulic pump and motor, constant velocity joint, and spherical gearing. Ice Surface Development, Inc. is advancing technologies to improve driving experiences for industrial, commercial, and consumer vehicles by eliminating the hassle of ice removal and loss of traction. For additional information and presentations, please visit www.torvec.com and www.icesurfacedev.com.

This news release contains forward-looking statements that are based on current expectations, estimates and projections about the company and its plans for future operation as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.