Milwaukee-Based Valentin Technologies, Inc. Announces Intent to Compete in Multimillion Dollar Competition for 100 MPGe Vehicle

Elm Grove, WI (PRWEB) August 24, 2007 -- Valentin Technologies today announced its official intent to compete in the multimillion dollar Automotive X PRIZE Competition, designed to inspire a new generation of viable, super-efficient vehicles to help break our addiction to oil and stem the effects of climate change.

Valentin Technologies Inc. is among more than 30 teams from around the world who have signed an official letter of intent, signaling their intent to apply for the AXP competition. Once fundraising for the prize purse and administration is complete, the Automotive X PRIZE will officially launch.

Car concept and powertrain components for Valentin's 'Hydrostatic Powertrain with Energy Storage' have been developed by Ingo Valentin, the owner of Valentin Technologies, Inc. Additionally, four internationally-recognized researchers have committed themselves to the project. Two additional individuals are planned for 'Controls' and 'Body structure'.

"Incremental steps are insufficient to overcome the impact of high energy consumption and the influence in local and global climate conditions," said Valentin.

Currently, the Valentin team consists of:

? Ingo Valentin: Dipl.Ing. (FH) More than 20 years of experience in the development and test of hydrostatic transmissions. Holder of patents for the key components of 'The 130 mpg Car'. (Hydraulic motor, Free-piston engine, Fuel-injection pump.)

? Dr. Rolf Reitz: Wisconsin Distinguished Professor - Engine Research Center, UW-Madison. Subject: Combustion, Emissions. (engine)

? Dr. S. Scott Goldsborough: Assistant Professor, Marquette University, Milwaukee, Wisconsin. Subject: Scavenging. (engine)

? Dr. Norbert Mueller: Assistant Professor, Michigan State University, East Lansing, Michigan. Subject: Pulse pressure charging. (engine)

? Dr. Olivier Zuercher: Professor - Ecole d'ingenieurs et d'architectes, Fribourg, Switzerland. Subject: Hydraulic Simulation. (motor)

"The reason I accepted the invitation to be a member of the research team is that I believe that the project is technically sound and of great value. The expected functioning is realistic and can be reached in a predictable time frame," added Dr. Rolf Reitz.

The international competition, in which qualified teams will compete head to head, aims to dramatically increase consumer access to ultra-efficient, clean, affordable and desirable vehicles. The independent and technology-neutral AXP competition is open to teams from around the world to prove they can design, build and bring to market 100 MPG or equivalent fuel economy vehicles that people want to buy. Industry experts will scrutinize team plans. Those that qualify will race their vehicles in rigorous cross-country stages that combine speed, distance, urban driving and overall performance. The winners will be the vehicles that exceed 100 MPG equivalent, fall under strict emissions caps and finish in the fastest time.

"We are thrilled with the wide variety of teams and technologies from around the world that have expressed an interest in joining the competition," said Dr. Peter H. Diamandis, CEO and Chairman, X PRIZE Foundation. "We are confident that the Automotive X PRIZE will motivate and bring visibility to a range of non-traditional solutions from both traditional and non-traditional players. The time for incremental change is over. We need radical breakthroughs to stem the consumption of fossil fuels. An X PRIZE can help make this happen."

About Valentin Technologies, Inc.

Valentin Technologies' goal is to develop a hydrostatic powertrain with energy storage. Calculations and tests show that the powertrain fulfills all requirements for The 130 mpg Car. For more information please visit our website.

About the Automotive X PRIZE

The goal of the Automotive X PRIZE (AXP) is to inspire a new generation of viable, super-efficient vehicles that help break our addiction to oil and stem the effects of climate change. The multi-million dollar AXP purse will be awarded to the teams that win a stage race for clean, production-capable vehicles that exceed 100 miles per gallon equivalent fuel economy. For more information please visit our website.

About the X PRIZE Foundation

The X PRIZE Foundation is an educational nonprofit prize institute whose mission is to create radical breakthroughs for the benefit of humanity. On October 4, 2004, the X PRIZE Foundation captured world headlines when Mojave Aerospace Ventures, led by legendary aircraft designer Burt Rutan and Microsoft Co-founder Paul Allen, built and flew the world's first private vehicle to space twice in two weeks to win the $10 million Ansari X PRIZE. The Foundation has since expanded its mission beyond space exploration to offer new prizes for breakthroughs in the areas of life improvement, equity of opportunity and sustainability. In October of 2006, the X PRIZE Foundation announced the $10 million Archon X PRIZE for genomics, which will reward the first private effort to map 100 human genomes in 10 days ushering in a new era of personalized preventative medicine. For more information please visit our website.

Contacts:     

Ingo Valentin 262.821.1901

Carrie Fox 202.255.9214

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