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[quote=FireyB;976373]Soooooo................................[/quote]Did you look on their web site ?
[quote=revetec site]ver the last 22 months Revetec has been in constant discussions with a large automotive manufacturer in India, to develop a range of engines using our patented technology.
We have had to keep much of this project and program confidential. The Directors apologise for the lack of information being available and appreciated our shareholder's patience during this period.
We travelled to India in late January 2011 and met with the prominent manufacturer to discuss planning and the road map forward. We were informed by our Indian consultants that in order to form a joint venture partnership in India pursuant to local law we required 26% Indian participation. We were introduced to Mr Raja Murugan an influential & sophisticated Indian investor who through his close relationship with Mr V Manoj Vice President of MCA Management Consultants Limited assisted us to form Revetec Technologies India Private Limited (RTIPL).
RTIPL is 74% owned by Revetec Holdings Limited. Mr R Murugan has been assisting us to negotiate and finalise a Customization contract with the manufacturer and is supplying supportive funding for RHL.
We recently submitted final documentation needed to move forward and anticipate final Board approval from the Manufacturer's Board in the coming weeks.
This week, the "Head of Projects" Manager of the Manufacturer, travelled to Australia to meet with our Directors and discussed the final details of the Development Project. Mr R Murugan and Mr V Manoj also travelled to Australia this weekend to meet with our Directors and finalise all documentation and reports.
The Development Program will be fully funded by the Manufacturer and will involve up to 60 specialist personnel and management at the commencement. This will ramp up very significantly over an eight year period. The project will commence in Turkey then move to India after 6 months. The Manufacturer plans to establish a dedicated Development facility in India to carry out further Development work for future projects with RTIPL. The Project details are currently confidential.
Our Managing Director Mr B Howell-Smith has been appointed as Technical Director of the Projects and will be relocating with our Director Mr P Kelly to Turkey for a six month period and thereafter continue the project in India. Our Director Steve Valtas has been appointed Joint Managing Director of RTIPL alongside Mr Raja Murugan. Mr Valtas will remain in Australia to manage RHL. Mr Raja Murugan has been appointed to the board of RHL.
The manufacturer has conveyed their intention to spend in excess of USD$2 Billion over the next eight year period, adopt our technology to its engine product range. Together we are planning a full range of engines in their most lucrative markets. The initial customization program is set to take 18 months. The Manufacturer plans to set up multiple international manufacturing facilities.
Our percentage share of RTIPL profits from licensing will be returned back to RHL, from which we will pay dividends to shareholders.[/quote]
[quote=Matra et Alpine;976398]Did you look on their web site ?[/quote]
Yes.
Thoughts?
It seems they're trying/have managed to con some Indians (Tata?) into leasing their patent.
DId yuou read the press release ?
"con" ? India has more intelligent, betrer educated, harder working entrepreneurs and engineers than the rest of us :(
[quote]Our Managing Director Mr B Howell-Smith has been appointed as Technical Director of the Projects and will be relocating with our Director Mr P Kelly to Turkey for a six month period ![/quote]
[SIZE=3][B]Anyone know what Technical/work is being done in Turkey ?[/B][/SIZE]
I just stumbled on this thread (and site) while looking up something completely different on Google, but got interested.
Now, I'm no engineer, so be gentle, but had a couple of observations and questions.
. It's cool that someone built yet another variation on how crankshafts work, but is there enough there to get anyone to retool? Usually, a fairly big capital investment would only be done for obvious improvements, not just a marginal one.
. How do you oil the contact points on everything? Since there looks to be a fairly large surface, you don't get the nicety of how the big end of con rod works.
. Any clue how those guys deal with the inevitable changes in dimension of everything with heat and slinging stuff back and forth? At least with a crank throw/rod/piston setup, if it all stretches in length, the result is the piston goes a bit higher. In the case of this engine it looks to me like those lobes have to maintain a dimension with the rod that connects the two pistons.
I suppose that one thing you do get is the ability to change the motion curve of the piston rather like cam profiles.
My gut tells me that improvements in piston engines are not to be found in short blocks, but in making heat do more work, valve actuation design (or something besides valves), and monkeying with the flow of gases through the top end.
Interesting email today. Now's everyones chance to have some input....
post the gist of email ?
Revetec are seeking funding from share holders so that they can meet their requirements of renewing the patents. They are looking for $100,000 AUD.
Atalan Makine are making a Diesel version, expected to be completed within 60days... Then they will test it and showcase it to prospective manufacturers.
AND....
Due to what stage the company is at, Brad has stepped down as Managing Director and the company is now seeking expressions of interest for a new MD, preferably one with [quote]"significant experience and talent in the areas of manufacturing, capital raising, marketing and corporate finance"[/quote] However due to the current financial state of the company, the person either has to volunteer, or be paid in shares, so that all the money can go towards keeping the patents up to date. That means that there are now no paid staff.
This is really noting new. Just a rearrangement of ideas. Check out "Fairchild Caminez engines" on Google.
As Shareholders have been told by Revetec that;[B][URL="http://www.atalangroup.com/"]Atalan Makine[/URL] are building several protptype engines.[/B]
Many shareholders are hoping for Production & Re-listing on a stock exchange as there is no use having shares that can not be traded/sold, read more on the [URL="http://www.forum.revetec.com.au/forum/"]Revetec Forum[/URL].
Shareholders have been told by Revetec that; [COLOR=#BF0000][B]"We confirm our Turkish partner [URL="http://www.atalangroup.com/"]Atalan Makine[/URL] believes the diesel prototype will be assembled within 8 weeks."[/B][/COLOR] :rolleyes:
The above site has been upgraded ...but there was no new images etc. at the time of this post, but manufacturing may be happening soon.
So, from Revetec's news on approximately the 10th June 2012 we SHOULD :D get our First engine ...that may go into Production.
Shareholders should be given an update around then or we should ALL call & ask for an update on the matter !
Lets hope this will be the start of big things to come.
[IMG]http://www.poweredparagliders.com.au/images/Buttons/Faces/Animated/Fart.gif[/IMG]
Read more on the [URL="http://www.forum.revetec.com.au/forum/"]Latest News[/URL].
[B][B]Turkey – Diesel Prototype[/B]
[/B]
Atalan Makine has sourced the camshaft from Britain and assembly of the diesel engine is in progress.
The process has been slow and tedious because they have been attempting to set appropriate tolerances for sensitive parts, and are modifying parts as the assembly continues.
Atalan Makine have kindly provided us with a link to a U Tube video (See below) so that shareholders can view the current stage of assembly and preliminary testing of our bottom end
mechanical device.
[ame]http://www.youtube.com/watch?v=Q57ugVBMEeg&feature=plcp[/ame]
The diesel prototype has been intentionally .....[URL="http://forum.revetec.com.au/forum/viewtopic.php?f=5&t=186&sid=7d05d63dfaba87cc98ffa8664e58abdd"]read more[/URL]
[B]Patents[/B]
In order for Revetec to successfully enter into a commercial agreement with any manufacturer, it is critical that we maintain patent coverage.
We have recently been granted a patent in the USA and NZ for ....[URL="http://forum.revetec.com.au/forum/viewtopic.php?f=5&t=198&sid=7d05d63dfaba87cc98ffa8664e58abdd"]read more[/URL]