Detail akcie Adv Engine Tech online

Business Summary: Advanced Engine Technologies, Inc. develops and commercializes the OX2 internal combustion engine. The Company acquired the worldwide rights for the OX2 engine pursuant to a four-party agreement among the Company, OX2 LTD, OX2 Intellectual Property Inc. and Advanced Engine Technology PTY Ltd. The Company has assumed responsibility for worldwide patent maintenance and enforcement, as well as engine development, manufacturing, marketing, and sales activities of the OX2 engine. The Company's operations consisted of engineering, testing, marketing and development of the OX2 combustion engine for commercial applications and raising any necessary capital investments. The Company's focus is on subsequent licensing of the OX2 engine technology to approved manufacturers. The OX2 is a 4-stroke internal combustion engine that runs on various fossil fuels, including gasoline, diesel, natural gas, and liquid propane gas.
Financial Summary: BRIEF: For the six months ended 31 December 2004, Advanced Engine Technology revenues was not reported. Net loss decreased 15% to $959K. Lower net loss reflects Grant Expense decrease from $466K (expense) to $0K, Interest Income increase from $0K to $2K (income). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.03.