American Plasma Energy Group to Announce Acquisition of Exclusive US License from Plasma Igniter
Joint Press conference will announce next generation ignition system, which is set to disrupt the 100-year-old spark plug, April 20th 2017 – 12:30 PM at National Press Club – Washington D.C.
LOS ANGELES, April 20, 2017
LOS ANGELES, April 20, 2017 /PRNewswire/ — American Plasma Energy Group (APEG) announced today that it signed initial documents for acquisition of the exclusive license to manufacture and commercialize the revolutionary Coaxial Cavity Resonator Ignition System (CCRIS) from Plasma Igniter, LLC. This license is for United States Automobile, Light Truck Aftermarket and all Military applications.
Today’s ignition systems are centered on the spark plug – the 100+-year-old technology that has reached the end of its effective life cycle. The CCRIS is a dual-signal device that uses two signals to perform its ignition function; both microwave radio frequency (RF) and direct current (DC) components.
The CCRIS creates historically impossible vehicle/fuel efficiencies. It creates a more efficient combustion of fuel, allowing for leaner burn and more complete combustion therefore significantly reducing emissions, and increasing fuel economy, engine power and range.
“This technology represents a game-changing breakthrough for internal combustion engines that dramatically extends fossil fuel supplies and reduces the cost of their operation while increasing their power and efficiency,” said, Matt Palumbo, APEG’s Advisory Board Member “This is a great opportunity to transform a market with over 280 million vehicles with internal combustion engines burning an average of 400 million gallons of gasoline every day in the US. We are setting up our operations to mass-produce and fulfill the upcoming demand for our products,” continued Palumbo
APEG is in the early stages of manufacturing/engineering working with outside partners. At the same time, APEG is exploring potential sites to set its national assembly and distribution center and has narrowed its search to locations in Pennsylvania, Ohio or Michigan.
“I am delighted to have APEG as our first licensee and we feel comfortable with APEG’s team and capabilities to take the CCRIS to the next level,” said Doctor James Smith, president of Plasma Igniter LLC and original inventor of the CCRIS.
Press conference will be held at the National Press Club
For more information or to schedule an interview with a member of the APEG Team, please contact (800) 758-9450 ext. 555 or visit www.americanplasmaenergy.com
Watch Live via webcast
The Webcast’s URL is: https://www.webcaster4.com/Webcast/Page/219/20773
Additional background information on the revolutionary Coaxial Cavity Resonator Ignition System (CCRIS) from American Plasma Energy Group (APEG):
- CCRIS been in development since 1984 by Dr. James Smith with numerous patents protecting the technology and approach.
- Dr. Smith was the 2009 President of SAE International;
- Dr. Smith has been the principal or co-principal investigator for over 100 research and development contracts and has published more than 250 refereed conference papers, journal articles, and reports; and,
- Dr. Smith is currently the Director of the Center for Industrial Research Applications (CIRA) at West Virginia University where he is a Professor in the Mechanical and Aerospace Engineering Department.
Press conference will be held at the National Press Club or available via live broadcast – Call for links
For more information or to schedule an interview with the APEG Team, please contact (800) 758-9450 ext. 555, www.americanplasmaenergy.com
Contact: Bob Ellsworth
(800) 758-9450 ext. 555
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SOURCE American Plasma Energy Group