Newsletter 08.04.2015

Viking Heat Engines AS and AVL List GmbH agree on closer cooperation
- Letter of Intent signed yesterday 

On April the 7th 2015, the CraftEngine story took yet another positive turn with the signing of a Letter of Intent between Viking Heat Engines AS, Norway and AVL List GmbH in Austria.


Tore Hansen-Tangen

“We are very pleased, says Tore Hansen-Tangen, Executive Chairman of Viking Heat Engines. “The whole AVL group and their German subsidiary AVL Schrick in particular, have been extremely important for the success of our CraftEngine development program. AVL’s world renowned expertise and marvelous track record in developing all kinds of engines has made all the difference when developing our ideas into a solid product that will actually work in the market”.




Roger Wildemann

Roger Wildemann, Managing Director at AVL Schrick, comments: “The people at Viking have shown great courage and relentless dedication to make this project work and we are very pleased to continue to be part of the venture. Other ORC technologies have had very limited success but we have great faith in the CraftEngine, both technically and commercially. As far as we know, this is the first time that someone has taken the time, effort and money necessary to do to this properly and from scratch, with a purpose built engine based on automotive principles. Based on Viking’s ideas our job is to ensure that the product is reliable, durable and inexpensive”. 


In the Letter of Intent the Parties agree to immediately establish a joint team to work out the details of the future relationship between the two companies, with the intent to form a closer cooperation among them.




Viking Development Group | Østre Strandgate 40, Pb. 22, NO-4661 Kristiansand, Norway | Tel: +47 38 10 41 00 Fax: +47 38 02 08 40 |