The alternative fuels market segment through the design and sale of our patent dual-fuel, diesel-natural gas conversion systems. In June of this year General Motors announced that our dual fuel kit had successfully completed the 100,000 km and that further development was not needed. The next step is to commence kit sales and conversion of GM vehicles in Thailand. Having the GM certification in hand, it was decided to cancel all further R&D expenses and to shut down the Atlanta Facility and sell all R&D equipment and excess Inventory. The Atlanta facility did not support the manufacture of kits and AEC was already producing all of the electrical components and has successfully outsourced all of the mechanical components. This decision dramatically reduced the expenses of USEI.
Us Energy Initiatives Corporation (USEI)
As of October 2007 US Energy is operating in 3 segments due to its recent acquisition of Seaspray Aerosol, Inc.
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Summary
Description
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Description
Level 2 quotes
Charts
News
Profile
Balance Sheet
Income Statement
Cash Flow Statement
Insiders
SEC Filings
Analyst Recommendation
Earnings Report
Historical Prices
Recent Material Events
Key executives
Comments


