Marine Jet Technology Corp President featured on MacReport.net
The company’s President, discusses the implications of the company’s new Variable Marine Jet technology. " . . . airplanes have long since evolved to variable jets under computer control. Finally, MJET’s patented technology is bringing similar computer controlled variable jets to boats and ships."
(PRWEB) April 22, 2004 -- Marine Jet Technology Corp is featured on the
MacReport.net, where Jeff Jordan, the company’s President, discusses the
implications of the company’s new Variable Marine Jet technology. This same
material is discussed in the company’s recent 10KSB and is the subject of a
recently filed PCT Patent Application. http://www.macreport.net/featured/MJET/company.asp
Following
are excerpts from Mr. Jordan’s discussion of the company’s patented and
patent-pending technology, which management believes will revolutionize the
propulsion of fast boats and fast ships in recreational, commercial and military
markets.
“The propeller was invented in 1837, and modern ships today use
the same basic method that was used on the Monitor and the Merrimac in 1862.
Water jet propulsion, the marine jet, was developed in the 1950s and hasn’t
changed much since. In the meantime, airplanes have long since evolved to
variable jets under computer control. Finally, MJET’s patented technology is
bringing similar computer controlled variable jets to boats and ships.
…
“ In concept this is very similar to the computer that controls the
shifting of the automatic transmission in your car. The computer handles all of
the complications, so the boat operator can relax and enjoy the ride.
…
“I believe this is a revolutionary shift in the way boats interact with
the water. Rather than asking a fixed propeller or water jet to cope with a
variable speed and variable load, this system relies on a computer to adjust the
size of the jet to boat speed and load several times a second. . .
“Our
marketing plan focuses on strategic alliances in each of these market segments.
…
“If we are successful in this strategy, we believe MJET can grow
rapidly with a moderate capital requirement.”
Mr. Jordan has personally
funded much of the development of the Variable Marine Jet technology. He plans
to sell his personal MJET stock as necessary to continue funding his work for
the company in the future.
The company is seeking strategic partnerships
and alliances with existing boat and propulsion system manufacturers.
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Source : http://www.prweb.com/releases/2004/4/prweb120320.htm