Torvec's Hydraulics' Position Confirmed
ROCHESTER, N.Y., Mar. 11, 2004 -- Torvec, Inc. (BULLETIN BOARD: TOVC) announced today that the Environmental Protection Agency's display of an hydraulic hybrid sport utility vehicle at the 2004 Society of Automotive Engineers' World Congress has confirmed Torvec's decade old position that diesel equipped, hydraulics hybrid technology is the wave of the future and has the potential to dramatically and cost effectively improve fuel economy, performance and reduce greenhouse emissions.
The EPA demonstrative vehicle uses its full diesel equipped hydraulics hybrid technology integrated in a stock SUV and reportedly achieves a 55% improvement in fuel economy over a similar gasoline powered SUV.
Torvec, the EPA and its partners, have long known that diesel equipped hydraulic hybrids had the potential to be the most fuel efficient and cleanest automotive technology available, as opposed to for instance, electric hybrids, fuel cells, and ongoing improvements to conventional gasoline engines. However, the problems associated with conventional hydraulic systems produced to date by all other manufacturers -- including the EPA's hydraulic hybrid SUV -- have made hydraulics technology too expensive, impractical to mass produce and consumer unfriendly. All existing conventional hydraulic systems are too heavy, inefficient at low rpm (start-up torque), too noisy (e.g., the whining noise when an airplane's wing flaps are extended), and generate significant friction and heat.
None of these problems apply to Torvec's hydraulics. Torvec's patented 12 cubic inch pumps/motor hydraulic system is 200 lbs. lighter than our competitors' 6 cubic inch hydraulic system, operates at lower pressures in a smaller package (4,000 psi vs. 6,000 psi), is extremely efficient at low rpm, does not have the whine associated with conventional hydraulics, runs at very cool temperatures, and has been designed for inexpensive, high volume production.
More significantly, the inherent laws of physics and Torvec's patents will make it very difficult for Torvec's competitors to catch up to Torvec by equaling or exceeding Torvec's technology. Torvec's hydraulics are truly paradigm-shifting and do not operate on the same principles as the hydraulics manufactured by all other manufacturers.
Pursuant to its February 4, 2004 agreement with the EPA, Torvec has been engaged in discussions with EPA personnel concerning its paradigm shifting hydraulics system in preparation for the rapidly approaching EPA determination of the mechanical efficiency of Torvec's pump/motor system. Contrary to popular belief, the EPA's determination of mechanical efficiency is not a pass/fail test but rather an evaluation of the one characteristic of Torvec's hydraulic pump/motor which Torvec internally was not able to verify.
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.