Ingen Technologies, Inc. (ITEC), manufacturer of various types of gas flow meters, announced that in a recent NEWSUSA® article Ingen’s Oxyview® flow meter, developed to help lung patients, is now ready to help car engines.
The Oxyview® flow meter was developed to help patients afflicted with COPD, a market that exceeds $10 billion. In the meanwhile, the potential $100 billion market that is now unfolding can rapidly change the dynamics of this emerging manufacturer.
“The use of flow meters in automotive engines that use Electronic Fuel Injection Enhancers (EFIE) is increasing. EFIE will unleash the full potential of the fuel saver and can save 5%-10% on fuel costs simply by ‘leaning’ the fuel mixture”, said Chairman/CEO Scott Sands. “This is an extraordinary opportunity for our company and for our shareholders who will enjoy the fruits of our rapid growth”.
The Oxyview® flow meter has been tested by FuelSaver-MPG, Inc., and works well as a complement to their EFIE and HHO boosters. According to some of the automotive EFIE manufacturers, there is no product equivalent to Ingen’s Oxyview® flow meter. In the U.S., this market is approximately 10% of the vehicles on-the-road, or approximately 10 million vehicles. Worldwide, the market is $100M.
“The potential sales of Ingen’s flow meter for the EFIE market could be as substantial as $70M. With the current economic situation and bouncing oil prices, it would be expected that the EFIE market would increase and cause even greater sales of Oxyview®,” stated Thomas J. Neavitt, CFO.