Concern about Fuel Efficiency and Energy Independence Drive Interest in the Scuderi Group's Air-Hybrid Engine.WEST SPRINGFIELD West Springfield, town (1990 pop. 27,537), Hampden co., SW Mass., on the Connecticut River opposite Springfield; settled 1654, set off from Springfield and inc. 1774. Light manufactures include paper, chemicals, and ignition systems. , Mass. -- Development of Gas and Diesel Prototypes Moving Forward; Company Secures Additional Patents in Key Global Markets; Private Funding Approaches $15 million Driven by ongoing concern about fuel efficiency and energy independence, The Scuderi Group announced today that they are seeing tremendous interest in their breakthrough internal combustion engine Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. from investors and potential licensees around the world. The company also announced that they are making significant progress in the development of gas and diesel prototypes of the air hybrid engine as well as numerous other business initiatives. Every day it becomes more apparent that the energy crisis facing the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. is a long-term problem with no easy fixes. The increasing need for hybrid technologies Hybrid Technologies (NYBT) is offering all-electric versions of the 2008 Smart ForTwo. See their corporate website for more information. External links and alternative fuels is driving tremendous private sector investment into research and development. The Scuderi Group strongly believes today's private sector development will eventually reduce our dependence on foreign sources of energy. "Scuderi's contribution towards energy independence will dramatically improve the overall efficiency of the internal combustion engine. We are moving forward on several tracks, including building gas and diesel prototypes of our air-hybrid engine, which are expected to be completed by late 2007. Our fundraising campaign has been a major success, and we continue to protect our intellectual property and engineering breakthroughs through the aggressive acquisition of global patents. This is an exciting time for the company, and we are very pleased to provide this update on our business today," said Sal Scuderi, president of The Scuderi Group. Private and Government Funding It was never the intention of the Scuderi Group to raise money through the conventional channels of venture capital and private equity. The company was determined to maintain control over their own destiny. To date, the Scuderi Group has raised over $14 million in funding from numerous private investors since kicking off its official fundraising campaign last summer. Additionally, Scuderi has been awarded an engine development grant for $1.2 million from the U.S. Department of Defense. Congressman John Olver John Walter Olver (born September 3 1936), American politician, has been a Democratic member of the United States House of Representatives since 1991, representing Massachusetts's At-large congressional district, a primarily rural district that makes up most of Western (D-MA) was instrumental in helping the company secure the defense department appropriation The designation by the government or an individual of the use to which a fund of money is to be applied. The selection and setting apart of privately owned land by the government for public use, such as a military reservation or public building. . "Improvements in the efficiency of the internal combustion engine would have significant impacts on the economy, dependency on foreign oil, public health and the environment," said Olver. "It's exciting to know that work in this area is happening right now in West Springfield." Patent Portfolio The Scuderi Group has secured patent protection for its revolutionary engine design in key global markets including Japan, Taiwan, China and Russia, the company recently announced. The patents are a major step toward complete worldwide protection of the revolutionary Scuderi air-hybrid engine design. The Scuderi patent portfolio now includes seven issued U.S. patents, five U.S. patents pending and multiple international patents pending in over 45 countries. European Operations Lutz Deyerling has joined The Scuderi Group to oversee European operations. Deyerling has deep roots in the European automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , having worked in senior finance positions in the auto industry practice groups at Ernst &Young Corporate Finance GmbH, Bankgesellschaft Berlin and Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank . Deyerling will assist The Scuderi Group in fundraising and licensing activities within the European automobile marketplace. The Scuderi Group recently unveiled the designs of its breakthrough air-hybrid technology to the European auto industry at the Engine Expo 2006 in Stuttgart, Germany. The company was very well received and has gone on to have preliminary discussions with a number of potential licensees. The European automotive press also took notice, with articles on the air-hybrid engine appearing in Engine Technology International and European Automotive Design European Automotive Design is a magazine targeting as its readership those involved in the final design of automobiles manufactured in Europe. It seeks as advertisers suppliers of components for these vehicles, and as editorial content articles of interest to those . Air Hybrid Blog In an effort to provide news and information, as well as start a dialogue with the vibrant community of online auto enthusiasts and bloggers, The Scuderi Group has launched Air Hybrid Blog, (http://www.airhybridblog.com/), where they post news and information related to the development of their engine and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The blog also provides coverage of a wide range of hybrid technologies, alternative fuels, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and hybrid news and related political developments. Scuderi Podcasts The Scuderi Group has also begun producing a regular series of Podcast interviews with company executives. In the first interview, Stephen Scuderi, patent attorney for The Scuderi Group, talked about the company's patent portfolio and why it is so important to investors and potential licensees. The Podcasts can be found at www.airhybridblog.com The Scuderi Engine Developed by a team of fluid mechanic and thermodynamic ther·mo·dy·nam·ic adj. 1. Characteristic of or resulting from the conversion of heat into other forms of energy. 2. Of or relating to thermodynamics. experts, the Scuderi engine is expected to deliver a significant improvement in performance, efficiency and environmental impact. The Scuderi Group accomplished these advances by focusing on the fluid and thermodynamics thermodynamics, branch of science concerned with the nature of heat and its conversion to mechanical, electric, and chemical energy. Historically, it grew out of efforts to construct more efficient heat engines—devices for extracting useful work from expanding at the heart of the engine, challenging conventional approaches to engine design in place for over 120 years. As a result of this breakthrough design, and verified through the most sophisticated computer modeling available today, the Scuderi engine is expected to: --Improve fuel efficiency in today's gas and diesel engines by almost one third --Emit 80 percent less toxic emissions than today's gas and diesel engines --Enhance the performance of hybrid engines --Provide significantly more power than a conventional engine --Be easy to manufacture because it utilizes the same components found in today's engines Scuderi Air-Hybrid Engine By adding a small air storage tank with some simple controls costing only a few hundred dollars, the Scuderi engine can recapture recapture n. in income tax, the requirement that the taxpayer pay the amount of tax savings from past years due to accelerated depreciation or deferred capital gains upon sale of property. (See: income tax) RECAPTURE, war. energy normally lost during the braking of a vehicle. To accomplish this with electric hybrids requires a complex electrical system costing thousands of dollars, consisting of generators, motors, and large batteries. In addition, unlike electric hybrids, the Scuderi Air-Hybrid has the unique capability of recapturing energy from the exhaust of the engine, making it possible to utilize a Scuderi Air-Hybrid design in stationary applications such as electric generators - an application where electric hybrids are considered impractical im·prac·ti·cal adj. 1. Unwise to implement or maintain in practice: Refloating the sunken ship proved impractical because of the great expense. 2. . Currently under development at a world renowned research and testing laboratory, the first diesel and gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prototypes are expected to be completed by late 2007. About The Scuderi Group Based in West Springfield, Mass., The Scuderi Group is an engine development company focused on improving the performance of the internal combustion engine. The revolutionary Scuderi Engine Technology is the most significant improvement in engine performance in decades and can be applied to any internal combustion engine including gasoline, diesel, bio-diesel, and natural gas. The Scuderi Engine, along with its Air-Hybrid feature, is expected to almost double vehicle mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his and reduces toxic emissions by as much as 80 percent. Besides improving efficiency and reducing emissions, the Scuderi Air-Hybrid Technology also improves power and performance at a cost that is thousands of dollars below the current hybrid systems A hybrid system is a dynamic system that exhibits both continuous and discrete dynamic behavior — a system that can both flow (described by a differential equation) and jump (described by a difference equation). . The Scuderi Technology is patented worldwide with six patents issued and several pending in over 45 countries. For more information call 413-439-0343 or visit on the Web at www.scuderigroup.com. |
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