The long saga of the Dyna-Cam engine program, which once hoped to revolutionize aviation powerplant technology, seems to be over -- for good.

Axial Vector(TM) Engine Corporation tells ANN that on May 16, 2006, Axial Vector Engine Corporation signed a Settlement Agreement and Mutual Release with Dennis Palmer and Patricia Wilks resolving the litigation filed by Axial Vector Engine Corporation against Palmer and Wilks over the purchase of the Dyna-Cam assets.

The settlement involved a confirmation by Palmer and Wilks of the agreements of June 30, 2003 wherein Axial Vector acquired all rights, titles, assets and interest to Dyna-Cam Engine Corporation, including related websites and domain names.

As part of the agreement, the preliminary injunction granted to Axial Vector on November 17, 2005 will remain in place as a permanent injunction by Order of the Federal District Court docketed on June 13, 2006. The injunction permanently bars Palmer and Wilks and others acting in concert with them from:

1. displaying, controlling, and/ or operation of the website www.dynacam.com or any other domain containing the words "dyna-cam", "dynacam", "Dyna-Cam", or "Dynacam";
2. exhibiting any display, product, and advertisement bearing the mark Dyna-Cam, "Dyna-Cam Engine", or "Dyna-Cam Engine Corporation", and
3. making, using, selling, marketing, and offering for sale certain  products using the name(s) and mark(s) containing the words "dyna-cam", "dynacam", "Dyna-Cam", or Dynacam.

Dr. Raymond Brouzes, President and CEO of Axial Vector Engine Corporation stated, "We are pleased to resolve this matter and remove any cloud over our ownership of the Dyna-Cam engine and its progeny."

FMI: www.axialvectorengine.com