EPA, Torvec Sign Agreement
ROCHESTER, N.Y., Feb. 13, 2004 -- Torvec, Inc. (BULLETIN BOARD: TOVC.OB) announced today that the U.S. Environmental Protection Agency has signed an agreement to determine the mechanical efficiency of Torvec's paradigm-shifting hydraulic pump/motor at its National Vehicle and Fuel Emissions Laboratory in Ann Arbor, Michigan.
When compared to the hydraulic pump/motors presently being tested by the EPA, the Torvec pump/motor is smaller, more than 100 lbs. lighter, approximately doubles hydraulic capacity, and is bi-directional. Torvec has recently completed a series of tests, one of which determined that Torvec's hydraulic pump/motor achieved a volumetric efficiency in excess of 98%. Other Torvec tests independently determined that Torvec's hydraulic pump/motor, when used in conjunction with Torvec's gear-design in a Dodge Ram 4x4 truck, generated:
* a 96% improvement in fuel mileage over that obtained by a gasoline powered, 4 speed automatic 4x4 truck of comparable weight and horsepower to the most popular SUVs; * a 38.5% improvement in fuel efficiency over a same-model Dodge 4x4 diesel truck with a 4-speed automatic; and * a 28.5% improvement in fuel efficiency over a same model Dodge 4x4 diesel truck with a manual transmission.
Torvec believes that the EPA's determination of mechanical efficiency will establish the superiority of Torvec's hydraulic pump/motor compared to any other piston-pump available today.
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," and 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.