Fri, Jul 07, 2006
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:
- 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";
- exhibiting any display, product, and advertisement bearing the
mark Dyna-Cam, "Dyna-Cam Engine", or "Dyna-Cam Engine Corporation",
and
- 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."
More News
Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]
“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]
Also: 1800th E-Jet, Uncle Sam Sues For Landing Gear, Embraer Ag Plane, Textron Parts A friend of the family reported that Lt. Col. (Ret.) Richard Glenn Rutan flew west on Friday, M>[...]
Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]
"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]