| Business Summary | | Save
On
Energy,
Inc.
(Save),
formerly
Electronic
Fuel
Control,
Inc.,
manufactures
and
markets
retrofit
conversion
system
kits
to
permit
diesel
engines
to
run
on
a
mixture
of
diesel
fuel
and
non-petroleum-based
fuels
such
as
compressed
natural
gas
and
liquefied
natural
gas.
This
combination
fuel
feature
is
referred
to
as
a
"dual
fuel"
system.
The
dual
fuel
system
reduces
NOx
(nitrogen
oxides)
emissions
from
the
converted
engine
by
more
than
50%.
In
addition,
there
is
almost
complete
elimination
of
particulate
hydrocarbon
emissions.
The
Company
has
outfitted
approximately
1,000
dual
fuel
conversion
systems
into
vehicles
throughout
the
United
States
and
in
several
foreign
markets.
The
Company's
primary
marketing
focus
is
the
diesel
truck
and
bus
fleet
market
segments,
both
domestically
and
internationally.
Although
its
dual
fuel
technology
is
applicable
to
diesel
engines,
the
Company
also
sells
conversion
kits
that
convert
gasoline
fuel
engines
to
bi-fuel
engines. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Save
On
Energy,
Inc.,
manufactures
and
markets
retrofit
conversion
system
kits
to
permit
diesel
engines
to
run
on
a
mixture
of
diesel
fuel
and
non-petroleum
based
fuels
such
as
compressed
natural
gas
and
liquefied
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
rose
24%
to
$130
thousand.
Net
loss
before
extraordinary
items
rose
87%
to
$903
thousand.
Results
reflect
increased
sales
of
diesel
kits
and
replacement
parts,
offset
by
higher
consulting
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Robert Stiles | Pres | Ricky Davis, 38 | CFO,
Treasurer | Jeffrey Davis, 36 | VP,
Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|