Torvec's Unique Track-Based Suspension Awarded Sweeping US Patent
31 October 2000
Torvec's Unique Track-Based Suspension Awarded Sweeping US PatentROCHESTER, N.Y., Oct. 30 Torvec, Inc., (OTC Bulletin Board: TOVC) announced that the Company was awarded US patent 6,135,220 for its modular track suspension system, which is the mechanical core of Torvec's revolutionary Fast Tracked Vehicle. The patent's abstract describes the undercarriage as "A modular suspension system which is readily adapted for attachment to any presently manufactured full-size automotive vehicle built with a load carrying frame, being easily substituted for the vehicle's convention wheeled under-carriage either during or following final assembly." A photo gallery of the suspension system and a video of the FTV(TM) can be viewed at http://www.torvec.com. The patent covers 13 claims of individual technology advances. Protection for such a large number of claims strengthens and broadens a patent's protection. Keith Gleasman, President of Torvec, said, "The revolutionary tracked suspension system and steering mechanisms are the heart and soul of our Fast Tracked Vehicle. The Torvec undercarriage is modular, so we can inexpensively bolt it onto a truck frame. This feature keeps manufacturing costs very low, in turn allowing us to price the FTV very competitively with four-wheel drive trucks. "Securing patent protection is one of the ways we build and protect shareholder value. We've been moving forward on many other fronts. "First, we have confidentiality agreements with almost two dozen major automotive companies, and we are discreetly working with them to commercialize the FTV, our infinitely variable transmission, pump and motor assembly and constant velocity joints. All the while we remain debt-free and financially conservative. "Second, the prototype transmission we're building for EPA testing is proceeding on plan. We're going to make it more powerful, with forty percent more torque, to power the newer generation of Nissan trucks. "Third, we gained access to over fifty million dollars in equity capital while remaining debt-free and financially conservative."