Apache Motor Corporation's EM Engine
THURSDAY, JUNE 3, 2004
ELECTRIC & HYBRID VEHICLES TODAY
Apache to Acquire Electromagnetic Engine Technology Assets
Seattle, WA-based Apache Motor Corporation recently announced it has entered
into an agreement with 3D Environment Technology of Las Vegas, NV to acquire
100 percent of the assets of its electromagnetic engine technology.
According to Apache, such technology could potentially be licensed to
manufacturers of next-generation electric vehicles.
"Apache is confident that this product will be widely accepted in the
marketplace in the next three to five years," said Apache. "All existing and
new products, using this technology, will be marketed under the name
'WheelPower' and will be licensed to industry manufacturing leaders in auto,
motorcycle and bicycle engines."