Rotary Power International Inc.

• Public
• US

Dow Jones Description

Rotary Power International, Inc. (the ?Company?) is in the business of developing and manufacturing rotary engines for commercial use. The Company has two wholly-owned subsidiaries, Pegasus Technologies, Incorporated (?Pegasus?) and E-Drive Systems Corporation (?E-Drive?). Pegasus and E-Drive are currently inactive. The Company intends to direct its product development and manufacturing to three commercial areas where the Company?s products are believed to have intrinsic advantages over reciprocating engines: (i) marine propulsion and shipboard use; (ii) energy generation; and (iii) prime movers for rotating machinery, such as pumps and compressors. The characteristics of the Company?s products, including their light weight, small size and ability to burn a variety of fuels, are a competitive advantage in each of these markets. The Company believes that the design of its engines provides advantages over other internal combustion engine designs. Rotary engines do not have reciprocating parts.

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