Rival Technologies Inc. announced that it has completed the acquisition of CWI diesel engine technology from M.A. Turbo/Engine Ltd.
Rival has acquired a 100% interest in CWI technology for the automotive transportation industry, and a 20% interest in CWI technology for the marine industry. The purchase agreement includes an option clause to acquire the balance of the marine application.
CWI technology is a continuous water injection system that allows for simultaneous reduction in diesel emissions and reduced fuel consumption while improving engine performance.
Using M.A. Turbo as its development partner, Rival said it will produce a modification of CWI technology for the transportation industry.
