Automotive innovator seeks to increase visibility worldwide through new distributor partnerships
Wednesday, February 11, 2015
SANTA ANA, California – In continued efforts to expand its global presence to more countries seeking adaptive automotive emission reduction technologies, SaviCorp® (PINKSHEETS:SVMI) executives will be traveling to Beijing, China during the week of March9, 2015. During this trip to China, SaviCorp executives will be tasked with working to establish a satellite office, to be charged with facilitating the company’s partnership agreement with Asian environmental technology company Beijing Flying Glob. In opening this direct line of communication within China, SaviCorp will grow the presence of its DynoValve® line of emission reduction technologies in Asian markets. The trip will conclude with a sizeable payment for a previously contracted order from distributors already partnered with SaviCorp, so that the distribution of DynoValve products may begin. Also pertinent to the company’s growth efforts in Asia, SaviCorp met with representatives from a promising green energy developer headquartered in South Korea on February 2 and 3, 2015.These representatives worked closely with SaviCorp staff while DynoValve products were tested to match the specification standards of the supplier.
The supplier witnessed an increase in fuel economy between 14 and 15 percent during the MPG testing phase and examined the test drive data that prefaces the unparalleled effectiveness of DynoValve products. Having surpassed expectations during testing, SaviCorp anticipates the signing of a distribution agreement that encompasses a sizable demographic in South Korea.
“Our efforts within the Asian market have been swiftly taking shape and we’re now beginning to see a world of possibilities opening itself up to us,” said Serge Monros, President and CEO of SaviCorp. “Our goal is that within the year, we will have spearheaded a prolific distribution campaign throughout Asia, which will serve as a cornerstone in other worldwide distribution plans.”
SaviCorp’s worldwide expansion efforts continue to extend beyond Asia. In March, 2015, the automotive innovator will host a South African green technology company seeking training and a potential licensing agreement in regards to SaviCorp’s DynoValve technologies. The prospect could result in widespread distribution across Africa. SaviCorp’s upcoming trip to China and its future meetings with interested distributors in South Africa come on the heels of an already successful trip to Mexico City, Mexico, where the company currently remains in negotiations pertaining to a distribution license that would encompass the country of Mexico, and potentially all of Latin America. For more information about SaviCorp’s recent steps towards global distribution of its DynoValve technologies or to learn more about the company and its products, please visit http://www.SaviCorp.com/
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Many factors could cause actual results to differ materially from our forward-looking statements.
SaviCorp® is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license its patented supplementary vehicle Emissions Reduction Technologies (ERT). Using proprietary methods and processes, the company’s flagship DynoValve® system protects the environment, lessens an engine’s carbon offsets, increases gas mileage and improves engine performance, resulting in dramatic savings in both fuel and oil.