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Last $0.0039 USD
Change Today +0.0004 / 11.43%
Volume 12.5K
As of 8:10 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

savi media group inc (SVMI) Snapshot

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savi media group inc (SVMI) Details

SaviCorp focuses on the design, development, manufacture, and distribution of exhaust emission and fuel efficiency technologies. The company creates and commercializes blow-by gas and crankcase engine emission reduction products. It offers DynoValve, a patented positive crankcase ventilation (PCV) valve designed for use in automotive gasoline powered vehicles that regulates the flow of blow-by gases; and DynoValve Pro, a closed crankcase emission control and oil recovery system designed for diesel engines that filters particles and oil droplets from the blow-by gases. The company plans to sell its products through commercial retailers, as well as directly to retail customers and distributors. It also sells its products online. SaviCorp was formerly known as Savi Media Group, Inc. The company is headquartered in Santa Ana, California.

savi media group inc (SVMI) Top Compensated Officers

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savi media group inc (SVMI) Key Developments

SaviCorp Hires Vincent Manship as Vice President of Operations

SaviCorp hired Mr. Vincent Manship as Vice President of Operations. Mr. Manship brings 25 years of experience in the automotive industry and is on the job on a full-time basis.

SaviCorp Announces Certified Testing of the Dynovalve Products Show Superior Benefits in Fuel Economy and Emission Reduction

SaviCorp announced that initial, voluntary EPA approved testing of its DynoValve(r) product is currently undertaking ongoing emissions and fuel economy testing on a variety of makes and models indicating measurable results of each study, proving the significance of the company's technologies as they relate to emission reduction and improved fuel economy. In the preliminary analysis of DynoValve's effectiveness in reducing blow-by engine gasses and the carbon emissions that result from them, EPA test protocols on light duty automobiles have proven that SaviCorp's product lowers hydrocarbons and carbon monoxide in some cases by over 50%, compared to those vehicle emissions that remain unmitigated. Vehicle-specific testing on Kia, Hyundai and Toyota vehicles further provides proof of DynoValve's success. Testing concluded that, of four separate vehicle types -- the Toyota Highlander, Kia Rio, Hyundai Sonata and the Hyundai Elantra-each found a sizable boost in fuel economy, resulting in 31.3%, 28.2%, 28.3% and 18.4%, respectively. All of the testing and results pertaining to SaviCorp's most recent round of laboratory testing can be attributed to an EPA certified test facility. The company will continue to move forward with ongoing testing for other vehicle manufacturers-encompassing four, six, eight, and ten cylinder engines -- on a continuous basis, in an attempt to gauge a full gamut of data for its DynoValve products to achieve global recognition. The testing reports provided by SaviCorp exhibit fuel economy data from relatively new automobiles when being driven over a California Air Resources Board (CARB) approved driving route. Initial fuel economy data is measured over the CARB route as baseline data with the vehicle in OEM condition. The same route, vehicle and driver repeated the drive cycle with SaviCorp's DynoValve installed, to measure the fuel economy and compare the measured improvement in fuel economy attributed to the device. The EPA evaluation of fuel economy over a specified road route used to be identified as the 511 Program. This refers to the EPA's testing program as a consensual test to measure fuel economy of automobiles under section 511 of the Motor Vehicle Information and Cost Savings Act. That authority and test protocol was re-codified and testing is now done by road testing as described above, in addition to the use of indoor laboratory chassis dynamometers.

SaviCorp Enters into Five-Year Exclusive Master Distribution Agreement with Beijing FlyingGlob Environmental Technology

SaviCorp entered into five-year Exclusive Master Distribution Agreement with Beijing FlyingGlob Environmental Technology Limited Company. According to the terms of the agreement, FlyingGlob will promote, distribute and sell SaviCorp's signature line of DynoValve(R) automotive products within its exclusive territory, which is the People's Republic of China and its Special Administrative Regions of Hong Kong and Macau. The distribution agreement follows extensive negotiations between the two companies and was preceded by a letter of intent executed in May 2014. SaviCorp traveled to China in July 2014 to meet with FlyingGlob's CEO, demonstrate the DynoValve(R) technology, and finalize the terms of the exclusive marketing and distribution agreement. Based on the better-than-expected test results reported by the Chinese Government's environmental testing agency, FlyingGlob entered into the distribution agreement, which establishes a minimum annual purchase volume of 500,000 DynoValve(R) units during the first year. In support of this requirement, FlyingGlob is to purchase an initial order of 50,000 units at a price of $8.25 million. During the final four years of the contract, FlyingGlob has agreed to a minimum purchase of 5.5 million units, for a total minimum order of 6 million units during the five-year term of the agreement. The successful distribution and sale of the 6 million units is estimated to produce revenues of approximately $679.5 million. In addition, the agreement provides for a $30 million licensing fee to be paid by FlyingGlob that may be paid over the term of the agreement. With the development of a reliable distribution channel in the People's Republic of China, SaviCorp continues to aggressively expand its international sales scope. The Company's full line of automotive pollution control components will be implemented to full effect, providing a substantial reduction of environmentally detrimental emissions.


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