CVET Power Corp. Announces Issuance of A New U.S. Patent Covering the Company’s Transmission Technology Through 2042
Patents and patent application provide additional coverage for company’s transmission technologies for both electric motor and gas engine powered vehicles
Markham, Ontario Canada - CVET Power Corp. a pioneer in advanced transmission technologies to optimize energy efficiency of electric motor and gas engine powered vehicles through independent optimization of the efficiency of the rotary power source, optimization of rotary power speed conversion to speed of the vehicle and optimization of rotary power torque conversion to torque at the wheels, today announced that the U.S. Patent and Trademark Office had issued a new patent No.11,427,079 (the ’079 patent). The ’079 patent, and two other patents issued in 2015 and 2017, further strengthens the Company’s intellectual property position and coverage for the Company’s transmission technology solutions to enable optimized energy efficiency operation for both electric and gas powered vehicles.
The ’079 patent titled, “Bi-Directional Rotary Speed Conversion Via Mirrored Rotational Power Transfer Tunnel” covers a range transmissions designs for optimal energy usage, reduction of powertrain size and weight, reduction of battery size or rate of fuel usage, with lower weight of materials resulting in lower costs.
“The recently issued patent and the prior two patents issued in 2015 and 2017 demonstrate our commitment to developing vehicle transmission technologies, which reduce energy consumption. This is a critical sustainability factor for proliferation of Electric Vehicles, and carbon footprint reduction of gas powered vehicles which continue to represent significant segment of new vehicles on the road. To address the issue of gas powered vehicles, which may be on the road for many years, CVET Power Corp. has started to develop working relationships with nation-wide transmission repair companies that can become instrumental in their ability to convert existing gas powered vehicles to CVET based vehicles, thereby significantly reducing these vehicles’ carbon footprint.” said Ervin Weisz, Chief Executive Officer of CVET Power Corp. “We are pleased with the issuance of the most recent patent as it provides wide ranging coverage for our uniquely advantageous transmission technology. The Company is actively developing contacts with automotive transmission companies and excited about the potential to address unmet needs in the automotive industry, which is to enable vehicles’ operation at optimized efficiencies resulting in reduced need for energy usage, thus allowing for distributed and large scale reduction of the carbon footprint of electric generating system impacted by energy needs for charging EVs, and local reduction of the carbon footprint for each gas powered vehicle.”