Scuderi Signs Exclusive Asian Representative Agreement with Sojitz Marine

Scuderi Group, Inc., developers of the SCUDERI™ Split-Cycle Engine technology, today announced it has signed a four-year agreement with Tokyo-based Sojitz Marine Engineering Corp. (SOMEC) for exclusive representation in the shipbuilding and marine transportation markets in Korea and Japan. This represents Scuderi Group’s continued growth in Asia and further progress in the development and commercialization of the Scuderi technology.

According to the agreement, SOMEC will assist the Scuderi Group in promoting, selling, and licensing the patented engine technology to the manufacturers in those regions. SOMEC is a wholly owned subsidiary of Sojitz Corporation, one of the largest Japanese trading companies with extensive expertise and reach in the marine transportation and shipbuilding markets worldwide.

Forming a relationship with Scuderi Group will positively enhance SOMEC’s offering into the marine industry in this region,” said Mr. Kazushi Konishi, executive officer of SOMEC. “We are excited to be able to represent such innovative and ground-breaking technology. We look forward to working with Scuderi Group to advance their reach into Asia.”

Sal Scuderi, president of Scuderi Group said: “The new generation of vessels being launched opens up a lot of potential for the Scuderi technology as environmental regulations and the rise of fuel costs has made us a very compelling alternative to the conventional internal combustion engine. Our partnership with SOMEC makes us a stronger company and accelerates the proliferation of the Scuderi Engine.”

The Scuderi Engine’s Split-Cycle design separates the compression stroke from the combustion/power stroke to achieve world-class efficiency levels without compromising power. In addition, many advanced features are currently being developed, including a compressed air energy storage capability that can be used as an air-hybrid for mobile applications and energy storage for electric power generation.

Scuderi Group, September 25, 2013

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