Prix Advanced Engine Technologies Inc (AENG)

Advanced Engine Technologies, Inc. engages in the development and commercialization of the OX2 internal combustion engine. The company is headquartered in Los Angeles, California and currently employs 2 full-time employees. The firm 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 firm has assumed responsibility for worldwide patent maintenance and enforcement, as well as engine development, manufacturing, marketing, and sales activities of the OX2 engine. The firm's operations consisted of engineering, testing, marketing and development of the OX2 combustion engine for commercial applications and raising any necessary capital investments. The firm'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.