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Fri, February 3, 2012

SaviCorp Awarded Bergelectric Fleet Contract


Published on 2012-02-03 06:36:28 - Market Wire
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February 03, 2012 09:30 ET

SaviCorp Awarded Bergelectric Fleet Contract

SANTA ANA, CA--(Marketwire - Feb 3, 2012) - [ SaviCorp ]® (PINKSHEETS: [ SVMI ]) signed a contract to retrofit Bergelectric Corp's Southern Calif. fleet vehicles with the newest DynoValve® Jan. 27. After finalization this week the first 130 of its fleet will be getting their green upgrade over the next month.

Over that last two months Bergelectric conducted preliminary tests before the purchase was finalized. Bergelectric's internal testing demonstrated added efficiency in fuel consumption; validating the estimated return on investment given by SaviCorp's CEO Serge Monros. "We estimated that after about 6 months Bergelectric would have paid for their retrofit. SaviCorp is very excited about this sale, because the results from Bergelectric lends to our credibility, and the opportunity to close more fleet sales."

"As a large consumer of gasoline [it's] our hope this small step, coupled with a number of other ongoing green initiatives will, not only help reduce our operating costs, but ultimately help reduce our carbon footprint; our consumption of fossil fuels; and improve our position as a good corporate citizen in America," stated Robert Moreno, a Bergelectric spokesperson.

DynoValve is the first, and only, electronic positive crankcase valve (PCV) shown to reduce harmful vehicles emissions by 50% to 90%, with a by-product of reduced maintenance and fuel costs. The tests conducted to prove the benefits have been accepted by the Environmental Protection Agency. This green-solutions product has an [ executive order D-667 ] from the Air Resources Board of California.

"The product does a good job at increasing efficiency in existing technology, with little impact and minimal up-front costs, so we see it as a cost-effective option," Moreno continued. "It's important to us to find green solutions and products because, we recognize our responsibility as a corporate citizen and the positive impact we can have on the communities in which we do business."

About SaviCorp

SaviCorp (savicorp.com) is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The Company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license our patented supplementary vehicle Emissions Reduction Technologies (ERT) to reduce emissions and improve efficiency. Using proprietary methods and processes, the Company's flagship DynoValve system protects the environment, lessens an engine's carbon offsets, increases gas mileage, and improves engine performance resulting in dramatic savings in both fuel and oil.

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