From the Desk of the CEO
Dwayne Fosseen, CEO
November 25, 2008
We have several marketing and business relation activities under way that we
believe will expand Mirenco product sales and service significantly over the
next several months. Several large mining companies have been working with
Mirenco during 2008 because of the changing diesel fuel cost. These business
relations have developed to the point that even with lower fuel costs the
Mirenco technology continues to move forward to becoming standard practice in
the heavy equipment fleet operation.
I believe as more customers implement the Mirenco products and service to better
manage vehicle operation cost we will see this change in Mirenco’s value. If
this prediction is correct then our clients will become Mirenco’s best marketing
tool.
This week our MDEP Highlights compare a 1999 mechanical fuel injected 3406 Cat
diesel engine that was evaluated the first time on 10-09-08 compared to another
1999 Cat 3406 diesel engine having regular MDEP combustion evaluations and
engine combustion management service. The engine receiving Mirenco evaluations
has a calculated fuel loss of 470 gallons per year based on 18,000 gallons for
comparison. The engine that just started its combustion program has a fuel loss
of 3,000 gallons per year based on 18,000 for comparison. This is 2530 gallons
of fuel loss that this engine simply could not burn because of its neglected
combustion health problems. This engine ranges from 20,000 to 60,000 gallons of
fuel burned per year pending the hours and work load.
We see most of the Mirenco customers setting combustion limits on engine fuel
efficiency after they relate fuel loss to combustion loss. If a vehicle owner
one day seen diesel fuel leaking at 8 gallons per day from the vehicle fuel tank
he would have the fuel leak fixed and pay the cost. The same diesel fuel leak
flowing out the vehicle tailpipe makes it more difficult to understand fuel
loss, the fix and cost.
As an engine ages with hours of operation ‘all’ engines will lose ability to
burn the maximum amount of the diesel fuel injected during engine accelerations
and at full power. The result of managing diesel engine combustion over an
engine life results in significant fuel savings, less diesel emissions and
extended engine life. Mirenco engine combustion health management program has
proven to be one of the most cost effective solutions to manage underground
diesel particulate air quality requirements. We now see Mirenco products and
service moving from our underground mine introduction to above ground vehicles
as more fleet owners figure out the cost benefit of maintaining engine
combustion.
Dwayne Fosseen, CEO
Mirenco Inc.