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Dr. John F. Walter Named Chairman of Advisory Council for Axial Vector Engine CorporationAxial Vector Engine Corporation - Press Release
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Dr. John F. Walter Named Chairman of Advisory Council for Axial Vector Engine Corporation
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PORTLAND, Ore., Aug. 23 /PRNewswire-FirstCall/ - Axial VectorÔ Engine Corporation (OTC: AXVC - News) announced today the selection Dr. John F. Walter as Chairman of the Advisory Council for the company.
The Board of Directors of the Axial Vector Engine Corporation has established an Advisory Council reporting to the CEO rapid recognition and implementation of the potential applications of the new technologies arising from the Axial Vector Engine, the Axial Flux Generator/Electric Motor, and the highly efficient rectifiers, Inverters and Control Systems being developed for the Axial Vector Engine Company.The Board believes that this Council of senior, retired, industrial executives will be very beneficial in rapidly focusing the company in terms of products to be pursued and the appropriate business structure to assume rapid success.
During Dr. Walter's eight months as consultant to AVEC, he has provided the company with an in-depth and valuable range of management and technical expertise.With his recent appointment as Chairman of the AVEC Advisory Council, Dr. Walter will continue to provide strategic planning to AVEC, and he will now be able to draw upon input from equally high-powered, proven and experienced senior executives who shall meet every second month to focus on key business and technical issues to assist AVEC in its rapid growth and development.One area of immediate particular interest will be distributed power generation in developing and developed countries.Another prime area of opportunity is the application of our new coreless permanent magnet generator and electric motor technologies.
Dr. Walter will coordinate with Dr. Raymond Brouzes the interview of candidates identified to serve on the AVEC Advisory Council.
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Dr. Walter was formerly the President of Constellation Power, Inc., a subsidiary of Constellation Energy Group of Baltimore, Maryland, a multi-billion dollar company owning and operating over 40 energy generation plants and fuel generation facilities throughout the United States and Latin America.Prior to that, Dr. Walter was President of Ogden Power Corporation and a Co-founder and Director Gallagher Marine Systems, Inc.Dr. Walter also served as Director of Engineering for Gulf + Western Manufacturing Company and as President of the Fluid Systems Division of the Gulf + Western Manufacturing Company, coming there from Westinghouse Electric Corporation, where he worked at the Bettis Atomic Power Laboratory under the direction of Admiral Hyman Rickover in the development of United States Naval Nuclear Submarine Propulsion Program.
Dr. Walter has also served on numerous company boards, including as a founder of Gallagher Marine Services, EGI, Inc., the Electrical Generation Association, the Valve Manufacturers Association, and Millennium Power, Inc, etc.
Dr. Walter received his BS degree in Chemical Engineering, Summa Cum Laude, from the University of Florida, and his MS and PhD from the University of Pittsburgh.
Dr. Raymond Brouzes, President and CEO of Axial VectorÔ Engine Corporation stated: "We are delighted that Jack has agreed to expand his role and contribution to the company through the senior Advisory Council.