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One Engine Drives Two Props

30 June 2000

Torvec Licenses Technologies for Powerboats and Propeller Planes

'An End to Docking Accidents'

    ROCHESTER, N.Y. - Torvec, Inc. is licensing its steering and transmission
technologies to give single-engine planes and boats greater maneuverability
than twin-engine crafts without the weight and cost of a second engine.
Torvec's technologies also increase fuel efficiency and reduce polluting
emissions.

    Torvec was founded by the inventors of the Torsen differential, which
improves handling in high-performance vehicles including Toyotas, Audis,
Porsches, Hummers, Mazdas and Formula 1, Indy and NASCAR race cars.

    Keith Gleasman, President of Torvec, said, "We are proud to announce our
first licensing agreement.  Torvec's technologies can significantly improve
the maneuverability of boats, especially when docking or in high seas.  In
planes, our technology can greatly improve aerodynamics."

    Torvec is licensing its patented steer drive and transmission to Variable
Gear LLC for the global air and marine markets.  Variable Gear will pay Torvec
4% royalties for seven years, after which Torvec can repurchase the licenses.
Variable Gear is 51% owned by Robert Horton, Chairman and CEO of Ultrafab,
Inc. in Farminton, N.Y.;  Torvec owns 49%.

    Bob Horton, Variable Gear's President, said, "With Torvec's technologies
captains will have absolutely perfect control of their craft's power and
steering.  This will be an end to docking accidents."

    From a single engine Torvec's steer drive can power two propellers at
independent speeds and directions, which enables very precise steering.  A
boat can be pivoted 360 degrees in its own length.  Torvec's transmission
matches the engine's speed to the torque required by the propeller to
accelerate or cruise.  This greatly increases fuel economy and reduces
pollution.

    In planes Torvec's steer drives improves aerodynamics and weight
distribution because the engines are placed in the center body.  Torvec's
transmission eliminates the need for variable pitch propellers, saving tens of
thousands of dollars.

    This press release contains forward-looking statements based on current
expectations subject to the risks and uncertainties outlined in Torvec's
10-KSB dtd. 12/31/99 and in the 2000 proxy statement and include Variable
Gear's ability to successfully commercialize Torvec's technologies for marine
and aeronautical applications.

    Torvec, Inc., based in Rochester, New York, is a developer of highly
advanced automotive technologies and the FTVTM tracked vehicle.  Torvec's
technologies are patent-protected in major industrial nations and include the
steer-drive mechanism, the infinitely variable transmission, a small
lightweight hydraulic pump and motor, and a geared constant velocity joint.