MIRENCO EXPANDS ITS DRIVERMAX® PRODUCT LINE
RADCLIFFE, Iowa--(BUSINESS WIRE)—August 20, 2004--Mirenco, Inc., (OTCBB:MREO)
announces a new model of DriverMax®. The DriverMax–CX is designed especially for
construction and industrial equipment with digitally controlled diesel engines.
“Because fuel costs are mounting, recent opportunities for our DriverMax–GS
model have significantly increased for the over-the-road and delivery truck
markets,” stated Dwayne Fosseen, CEO. “Underground mines are purchasing our
DriverMax® technology to comply with the air quality standards that will soon
reach the final ruling deadline. DriverMax® has proven its cost effectiveness
compared to other alternatives such as filters and additives.”
Rich Musal, Chief Operating Officer, elaborated, “Since our clients are
experiencing substantial fuel savings between 7% to 16% using this technology on
analog controlled diesel engines, they wanted to see the same fuel savings and
emission controls with their entire fleet including those vehicles with
digitally controlled diesel engines. It was imperative that Mirenco developed
the DriverMax-CX to address those needs for these markets.” Currently, nine
mining operations as well as two highway construction companies are committing
to the new DriverMax-CX in production. Mirenco’s DriverMax® technology is also
being offered with the Combustion Management Program, which includes opacity
analysis and monitoring four times per year to adjust for engine performance
degradation.
The DriverMax® technology is a patented programmable fuel management system that
matches fuel flow with fuel demand to allow an engine to operate as efficiently
as possible. DriverMax® was co-developed with the Department of Energy by the
same team that makes missile guidance systems. This technology was also
acknowledged by the Department of Energy as one of the “100 Best Technologies In
The 20th Century.”
About Mirenco
Mirenco is a Radcliffe, Iowa-based Company that specializes in patented vehicle
management technology and consultative services for reducing vehicle emissions,
improving fuel economy and lengthening the service life of heavy-duty diesel
vehicles. More information is available at
www.mirenco.com, or via e-mail at
info@mirenco.com or by calling
800.423.9903.
Some of the statements made in this press release are forward-looking in
nature. Actual results may differ materially from those projected in
forward-looking statements. Additional information concerning Mirenco, Inc. can
be found within Mirenco's filings with the Securities and Exchange Commission.
Statements in this release should be evaluated in light of this additional
information.
Contact Information:
Dwayne Fosseen
fosseen@mirenco.com
800-423-9903
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