LOVELAND, COLO., December 18 /CNW/ - Working with a "three initialed R&D
company" in Loveland, Colorado, Quvico has broken ground on an exciting new
fuel/engine technology that has tremendous promise. Based upon the belief that
a thousand micro-improvements in conventional technologies will generate far
more reliable results than chasing the Holy Grail of pure Hydrogen power, one
member of the team explains that, "we are taking new perspectives on old
paradigms reworked to fit current problems. If that sounds vague, it is
Given their initial budget of less than $2 million however, they don't
expect to be saving the entire planet anytime soon. Instead of the grandiose
projections being made by many other energy technology companies, another team
member says quite simply that, "If we can enable the average family car to get
a dollars worth of extra-clean energy for a lot less than a dollar, well
that's pretty darn good."
Quvico was founded by Lonnie Labriola who, gained headlines for saving
the Indian Motorcycle trademark but losing the right to rebuild the resulting
Indian Motorcycle Company. Thought to be an impossible task prior to his
having done it, he assembled what many considered to be a motorcycle
development dream team that included Bob Lutz, James Parker, Roush Industries,
and many other top executives, motorcycle experts, and investment bankers.
"The end was devastating", said Lonnie, "but I never think about that.
What I remember is that it was an exciting and fun project that saved an
important icon in American culture. Returning to the machine shop with our new
program brings all that positive energy right back. What will be exciting to
see here is if I can recreate the same level of success in this new venture."
Quvico is a highly diversified Colorado LLC based in Boulder County.
Founded by Leonard S. Labriola, initial funding was provided by Mamdouh
Stefanos. Mr. Stefanos is a highly respected Egyptian-born investor and
philanthropist now based in Montreal, Canada. Quvico, LLC and Group Stefanos
International are involved with a number of different projects together in
addition to this new clean-fuel effort, projects that include solar energy
generation and PV Cell manufacturing, desalinization plants for the
middle-east, anti-scale and corrosion compound development, under-sea/marina
lighting, new-tech secure ID card technologies, and others.
For further information:
For further information: Quvico LLC Louis G. Reich 303-652-6636