automobile News, Reviews and Articles

NEWS RELEASE Power Chips plc Gibraltar 24 September 2002 (Refers to: BOREF) NEW POWER TECHNOLOGY TO NEARLY DOUBLE AVAILABLE ENERGY IN AUTOMOBILES A new power generation technology could sharply increase the ability of a car’s engine to convert fuel into useful power. By capturing waste heat energy and converting it into electricity, Power Chips plc, a majority owned subsidiary of Borealis Exploration Limited (BOREF) says it could increase an automobile engine’s effective power output by 75%, significantly improving vehicle performance, efficiency and design flexibility. Less than 15% of the energy in a gallon of gasoline reaches the wheels of a typical car; most of the rest is wasted as heat.