Torvec Challenges Dow Jones Column; Confirms EPA Results

ROCHESTER, N.Y., June 18 -- Torvec, Inc. (BULLETIN BOARD: TOVC.OB) today challenged a June 17, 2004 Dow Jones columnist's opinion that the EPA has developed a more efficient pump than Torvec's at the critical start-up phase of vehicle operation. "We stand 100% behind our June 2, 2004 statement that no hydraulic pump either designed or tested by the EPA has achieved efficiencies exceeding those of the Torvec pump operating at 300 to 750 RPMs and 200 to 1,400 psi," said Keith Gleasman, Torvec President.

"We were assured by the EPA that it has conducted no efficiency tests at such low RPM ranges as Torvec tested under EPA supervision. In fact, the EPA spent several days recalibrating its dynamometer so that tests of the Torvec pump at such low ranges could even be conducted."

Critical information developed during hours of data collection at the EPA convinced Torvec management to rapidly move forward with the installation of its hydraulic infinitely variable transmission (IVT) in a GM Tahoe. "Once the installation is completed, we invite any and all automotive companies, automotive transmission manufacturers and all other interested parties to publicly engage with Torvec in side-by-side real world comparable testing of their vehicles with Torvec's IVT equipped Tahoe," said Richard Ottalagana, Torvec CEO.

Ottalagana further commented, "We have already demonstrated significant fuel efficiencies through independently conducted tests last summer with our diesel powered Dodge Ram 4x4. We will not only be able to confirm that greater fuel efficiency and reduced emissions can be achieved with gasoline engines as well, but also show that Torvec has virtually eliminated the ear- piercing noise commonly associated with hydraulic pump technology. We will also conclusively prove that our transmission is lighter, smaller and has fewer parts than any other automatic transmission."

"We are proud of the fact that the $26 million spent to date to develop Torvec's product portfolio compares favorably to the billions spent by the combination of government and industry to try to solve the fuel and emissions crises," said Torvec co-founder James Gleasman. "I wish to remind people that the principal inventor of Torvec's IVT, Vernon Gleasman, has received world acclaim for his inventions, including the Schwitzer Award for innovation in race car design and nomination for the prestigious MIT Lemelson Award. He is the inventor of the Torsen Differential which has been installed in the car and truck lines of numerous automotive manufacturers, including the military Humvee. Our own tests, those conducted at the EPA and the overwhelming encouragement provided by many in the automotive industry have convinced us that once we have installed our IVT in a gasoline powered GM Tahoe, Torvec will have made a significant contribution to resolving the crisis facing American motorists 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 http://www.torvec.com/ and http://www.icesurfacedev.com/.