Axial Vector(TM) Engine Corporation Announces GENSETS Components Now Fully Tested

PORTLAND, Ore., May 22, 2006 -- Axial Vector(TM) Engine Corporation (BULLETIN BOARD: AXVC) is happy to announce that our major GENSET (352 HP engine and 200 kW generator) component designs are completed and being manufactured for use in the prototypical GENSETS. Upon assembly the GENSETS will be ready for lab testing and fine tuning for a month or so before being shipped off for testing at the beta sites. The ongoing testing will involve 4,000 hours of running time to statistically and reliably confirm a 40,000 hour meantime-to-major-overhaul design for the GENSETS. Axial Vector(TM) Engine Corporation will deploy GENSETS to four beta sites in widely differing climactic environments commencing in July to August 2006 for real-time operational trials. Axial Vector(TM) Engine Corporation intends to invite prospective licensees and distributors to receive a demonstration of the GENSET performance at a conveniently located beta site after July 2006.

Axial Vector(TM) Engine Corporation is also pleased to announce the addition of an updated presentation to our website about the program status of our GENSET and our Axial Vector(TM) Engine. Simultaneous to the filing of AVEC's new engine design patents and later this week, (probably on Wednesday, May 24th) this presentation will be viewable and can be accessed at www.axialvectorengine.com.

Dr. Raymond Brouzes, President of Axial Vector(TM) Engine Corporation, commented, "My recent return from a potential beta site at a power generation facility confirmed to me the value of such real-time testing and existing operations to convincingly demonstrate the capabilities of the Axial Vector(TM) GENSETS."

About Axial Vector(TM) Engine Corporation

Axial Vector(TM) Engine Corporation is a publicly traded company (BULLETIN BOARD: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector(TM) as the engine design that will comfortably meet these challenges, and more.

Key entry markets for the Axial Vector(TM) engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector(TM) technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators. www.axialvectorengine.com

Forward-Looking Statements

This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.