CHEYENNE, WY / ACCESSWIRE / October 1, 2024 / ASPZ is delighted to have reached a major milestone: the execution of a transformative development agreement with RJ Group to integrate the groundbreaking HyOrc engine into heavy-duty trucks. RJ Group, a globally renowned manufacturer of engines and components for industry giants such as Daimler, FIAT, IVECO, and Volvo, will play a key role in bringing this revolutionary HyOrc powertrain to market.
Since its founding in 1979, RJ Group has been at the forefront of engine manufacturing with ultra-modern facilities in Italy, Brazil, and the USA. Their expertise and global reach make them the perfect partner to help accelerate the transition to HyOrc's cleaner, more efficient heavy-duty trucking solutions.
The HyOrc engine, a next-generation, pulse-combustion system designed for maximum power and efficiency, is currently under development. With this partnership, ASPZ and RJ are setting the stage to redefine the future of freight transportation. A pilot test of the HyOrc engine in a 40-ton truck is slated for Q1-2025, marking a major leap toward commercialization.
"This collaboration with RJ Group is a game-changer, not just for the HyOrc, but for the entire heavy-duty truck industry," noted Antonino Iuculano founder of RJ Group and Ukeme Offiong HyOrc business development manager. "We are on the cusp of a new era in transportation, one where innovation meets sustainability, and the HyOrc engine will be at the heart of it."
Stay tuned as the HyOrc drives the future of heavy-duty trucking toward a greener tomorrow.
Asia Properties, Inc (ASPZ).
ASPZ is an OTC Pink Market company focused on the development of the zero emissions HyOrc engine powertrain technology for heavy-duty trucks, trains and ships.
Please visit our website: www.hyorc.com
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or expressed achievements or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
ASPZ has 728.19 million shares issued and outstanding with 26.60 million shares at DTC.
Contact:
Laura Donohoe
Email: comms@hyorc.com
Tel: +1 (281) 532-9034
SOURCE: Asia Properties, Inc.
