Release Date: Tuesday, 12 April 2005 (5.00pm GMT)

Powertrain Ltd, today has given a presentation on Intelligent Valve Actuation (IVA), a technology critical to the development of its camless engine, at the 100 th SAE Congress in Detroit USA.

This follows on from an 18-month joint research and development programme with Camcon Technology, the UK inventor and developer of binary actuation technology. Since October 2004 Powertrain Ltd has had an exclusive licence agreement with Camcon to develop the technology in the automotive sector. The presentation of a technical paper at the global SAE Congress demonstrates the progress that has been made to develop a camless engine prototype.

Alan Warburton, Powertrain Ltd’s Engineering Director said, “IVA technology enables us to have precise control over combustion by allowing each valve of the engine to be independently controlled. Key achievements include providing a number of stable valve lift positions and high energy efficiency whilst also supporting improved durability and noise levels. We believe that we have provided an innovative system to overcome the critical objections to electromagnetic valve operation; namely, 12V system compatibility, low power consumption and variable lift control. We can now offer to OEM’s significantly improved engine combustion efficiency with enhanced engine performance and fuel economy, whilst at the same time reducing engine emissions”.

Ends

A copy of more material on variable valve actuation plus photographs and other information can be downloaded from : www.powertrainltd.com

A copy of the SAE Technical paper is available from www.sae.org/congress/ - Book Number SP - 1968, ISBN Number 0 –7680 – 161 - 4.

About Powertrain Ltd

Powertrain Ltd designs and manufactures and markets the award winning K Series petrol engine family, the L Series diesel engine and the PG1 transmission. For further information please visit: www.powertrainltd.com

“A V Lomas, R J Hunt and S A Pearson were appointed joint administrators to Powertrain Ltd on April 8, 2005 to manage its business, affairs and property, as agents without personal liability. The joint administrators are licensed to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.”

About Camcon

Based in Cambridge, UK, Camcon Technology is a small fast growing company focused on the research and development of the Camcon binary actuator. Camcon binary actuating technology has been 15 years in development and is the invention of Camcon founder Wladyslaw Wygnanski.

The high-speed, low energy consumption, low heat dissipation and long life characteristics of the Camcon binary actuator mean that it has applications in a whole new range of areas, as well as being a replacement for existing actuator and valve technologies.

Camcon Technology licenses its technology to customers, typically on a field-of-use basis. The company develops pre-production prototypes for customers on a consultancy basis and then hands over designs either to its customers to manufacture in volume, or to a manufacturing partner.

For further information please visit: www.camcontec.com.

Camcon is funded by ACUS Management Partners, an active management venture capitalist that specialises in funding early stage technology companies. For further information: www.acus.co.uk