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LPI IS HIRING! REFER AN OUTSTANDING ENGINEER AND RECEIVE $5,000!
Email Us • Schedule Meeting • 860-775-7499
TechnologyMarketsThe TeamFAQDiscussion
Invest Now


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$10
per share
Invest Now



Invested in a previous round and wondering how our share price has grown over
time? Click here to read more
X


THE COMBUSTION ENGINE REIMAGINED

Just 2 primary moving parts, up to 10X smaller and lighter for the same power
level, $30M in funding from the DOD including contracts from DARPA, Army, and
Air Force.

Accelerating the electric revolution: We reinvented the internal combustion
engine and provide optimized hybrid power solutions for generators and vehicles
- making hybrid systems smaller, lighter, cheaper, and more accessible. In the
future, we envision our hybrid power systems using low-to-zero carbon fuels such
as hydrogen. Join us on our journey!

Invest Now


$10 share price


+ UP TO 15% BONUS SHARES

?

OFFERING CIRCULAR


WHY INVEST?
A BETTER ENGINE - BY THE NUMBERS

Get your hands dirty with all the science behind our engine here…



79

Patents


2

Primary moving parts

10X

Up to 10x smaller and lighter

18

Contracts signed totaling over $30M (4 commercial R&D contracts and 14 DoD
contracts)

100

First major disruption in engines in 100+ years

$400B

Addressable market size for engines and hybrid power systems


SMALL GASOLINE ENGINES ARE INEFFICIENT. DIESEL ENGINES ARE BIG AND HEAVY. WE
ASKED OURSELVES WHY?

LPI has developed two core technologies, a patented thermodynamic cycle and our
patented X-Engine™.

Old 35 hp
New 40 hp


KEEP IN TOUCH

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LIQUIDPISTON INNOVATIONS


HEHC™ CYCLE

LiquidPiston has rethought the engine starting with first principles -
revisiting the thermodynamic cycle - and innovating in a space that hasn't
changed in over 100 years! This cycle has the potential to be up to 30% more
fuel efficient than traditional Otto or Diesel cycles.

LiquidPiston has patented the High-Efficiency Hybrid Cycle (HEHC), which
includes:
‍
1) High Compression Ratio (i.e. Diesel cycle): For maximum efficiency, air is
compressed to a high compression ratio, fuel is injected and compression is
ignited (CI-HEHC). Our initial prototype - the "X-Mini" - utilizes a
spark-ignition (SI-HEHC) version of the cycle with a lower compression ratio
standard for gasoline engines. The advantage of SI-HEHC is compatibility with a
range of fuels including Diesel, gasoline, jet fuel, propane, and even hydrogen
‍
2) Constant-Volume combustion (i.e. Otto cycle): A dwell near top-dead-center
(TDC) allows more time for fuel-air mixing and forces combustion to occur at
nearly constant-volume conditions.
‍
3) Over-expansion (i.e. Atkinson cycle): Combustion products are over-expanded
using a larger expansion volume than compression volume, as in the Atkinson
Cycle.
‍
Cycle-skipping power modulation may also be utilized, which allows high
efficiencies at low power settings while simultaneously cooling the engine’s
walls internally and providing partial heat recovery.


X-ENGINE VS. WANKEL

Our patented X-Engine solves the problems of the rotary engine without
sacrificing the benefits. It’s simple - having only two moving parts, has
practically zero vibration, is extremely compact and lightweight, and can run on
heavy fuel, gasoline, and even gaseous fuels like propane and hydrogen.

Wankel
X-Engine

We turned the traditional Wankel inside out. Traditional Wankels have a
triangular rotor in a "peanut" shaped (trochoidal) housing. We have a
peanut-shaped (trochoidal) rotor within a tri-lobed-shaped housing. By turning
the rotary "inside out", the X-Engine has stationary apex (tip) seals that can
be directly lubricated. Furthermore, the long, skinny, rotating combustion
chamber of the Wankel - becomes a stationary combustion chamber within the
housing that can be optimized for better fuel-air mixing and combustion.  In
this way, we address many of the challenges of the old Wankel rotary including
sealing, cooling, lubrication, emissions, and efficiency.  


LIQUIDPISTON WAS FEATURED ON…


THE DISCOVERY CHANNEL / DAILY PLANET SHOW

Footage is provided courtesy of Exploration Distribution Inc. (C)2020. All
rights reserved.



WARPED PERCEPTION

May 14th, 2021
INVEST NOW


HOW IT’S MADE

Science Channel
Season 31 Episode 09



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CAMPAIGN UPDATES

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LIQUIDPISTON IS TACKLING THE GLOBAL INTERNAL COMBUSTION MARKET.


MILITARY & AEROSPACE¹

Whether it’s a drone that can fly faster and farther or the ability to fit 11
generators on a pallet instead of two, our small, versatile engines are solving
some of the biggest problems for the military. No wonder the Department of
Defense has awarded us over $30M to date.


AUTOMOTIVE¹

Demand for electric vehicles is off the charts, with an expected growth of 380%
more EVs on the road by 2030. That’s creating a problem. The demand for EVs is
causing a shortage in precious metals like lithium. By using our engine we can
make hybrid electric cars with 80% smaller batteries.


URBAN AIR MOBILITY (UAM)¹

Planes are typically painted white because it weighs less than darker colors. If
the color of the paint matters this much, imagine how important the weight of
the engine is. By getting the same power with up to a 10X smaller engine, we’re
opening up possibilities for air taxis.


UNMANNED AERIAL SYSTEMS (UAS)2

One of the key features of our Hybrid Electric X-Engine propulsion system
powering drones is the ability to turn the engine on and off mid-flight while
leveraging an electric motor for quiet cruise or electric-assist sprint and
climb modes. Not only does that save fuel, but lets the drone quietly move into
sensitive areas with advanced capability. The innovation made us an award winner
in the US Army xTechSearch 3.0 competition.


MOBILE / BACKUP / DISTRIBUTED POWER GENERATION3

Whether it’s bringing electric power to the front lines or to a city recovering
from a natural disaster, today’s bulky generators don’t make it easy. Current
10kW diesel generators weigh nearly 1,000 pounds. But by using our engine we can
make equally powerful gensets that can be carried by hand.

$5.8B*



HYDROGEN-FUELED ENGINES¹

Our engines have been demonstrated on a variety of fuels, including diesel,
gasoline, jet fuel, and recently even hydrogen. The exhaust from hydrogen
combustion is primarily water. This unlocks a 100% green energy solution for the
combustion engine market.

[1] Image for reference, showing future potential market
‍
[2] LiquidPiston Hybrid Electric X-Engine (HEXE) Army Demonstrator vehicle
‍
[3] LiquidPiston Compact Artillery Power System (CAPS), 2 kW Jet-fueled hybrid
generator



$30M IN DOD, DARPA, AND ARMY CONTRACTS

When it comes to engines, bigger doesn’t mean better. Imagine moving 1,000 pound
generators (and the fuel to power them) to a desert base. Or powering an
unmanned aircraft where weight comes at a premium. We’re actively solving these
problems for the military.


Drones, UAV



Demonstration of Hybrid Electric X-Engine using jet fuel in 55lb UAV for the
Army which led to multiple contract awards.

Mobile Generators


LiquidPiston 30kW Generator concept (11 on left) vs. 30kW AMMPS genset (2 on
right) means more generators per pallet - a game changer for the military


WE MAKE THE CARS OF THE FUTURE POSSIBLE

Electric vehicles use big, expensive batteries. By integrating LiquidPiston’s X
Engine, they can reduce the amount of battery needed, decreasing the production
cost and weight of the vehicle.


HYBRID ELECTRIFICATION

Battery-powered electric vehicles have challenges on the path to a renewable
future. A typical electric battery weighs over 1,000 pounds and the amount of
lithium, cobalt, and nickel currently needed to make them is unsustainable. Our
small, efficient engines in a hybrid-electric car can make it possible for the
battery to be up to 5X smaller.

36lbs of fuel can displace 1,000 pounds of battery.
LPI Hybrid Power System eliminates up to 80% of the battery pack.
LPI engines allow more range for an electric vehicle by combining a smaller,
lighter, more cost-effective battery, with the ease of rapid refueling for
longer journeys when required.
LPI's technology could be critical in addressing a possible lithium shortage.
Electric vehicles use big, expensive batteries. By integrating LiquidPiston’s X
Engine, they can reduce the amount of battery needed, decreasing the production
cost and weight of the vehicle.


HYDROGEN

Hydrogen is the sixth fuel variation that has been proven to power the X-Engine
along with gasoline, propane, kerosene, diesel, and jet A fuel.
The primary emission of an Engine running on hydrogen fuel is water, making it a
potentially zero carbon-emission, green engine.
Hydrogen may be generated by renewable sources such as solar energy, making it
overall a cleaner alternative than batteries on a well to wheel basis



LIGHTWEIGHT & COMPACT

Up to 80% smaller and lighter than the traditional piston Diesel engines.


SIMPLICITY

Only two primary moving parts, optimally balanced.


HIGH-EFFICIENCY AND LOWER FUEL CONSUMPTION

The optimized thermodynamic cycle has the potential to decrease fuel consumption
by 30%, thereby lowering CO2 emissions and the cost of running an engine


QUIET AND NEAR-ZERO VIBRATION

With lower pressure exhaust and just two moving components that are optimally
balanced, the engine is inherently quiet, and offers exceptionally low
vibration.


WE HAVE 64 PATENTS, 44 ISSUED AND 20 PENDING


WE HAVE 64 PATENTS, 44 ISSUED AND 20 PENDING


FUTURE REVENUE STREAMS

LiquidPiston is presently developing its 5th generation engine architecture,
with prototype development of the X-Engine and application demonstrators,
largely funded by DoD contracts. We aren’t stopping there. We envision three
future revenue streams while we expand our footprint into various commercial as
well as military application markets:

Funded Engineering and Research
Design as a service
Custom design and development of engines for clients
Licensing
License to OEMs to make engines using IP
Upfront fees plus royalties
Manufacturing
Industrialize, manufacture, and sell core engines


LPI STOCK PRICE OVER TIME

On March 09, 2022 we effected a ten-for-one (10:1) forward “stock split.” As a
result of this split, each share of the Company’s Common Stock was split into
ten (10) shares of Common Stock. This 10:1 stock split means that effectively
the share price is reduced by 10x (while the number of shares is increased by
10x). Therefore, if you paid $54 per share in the last reg A campaign, this
means that post-split, you will hold 10x as many shares, but at an effective
share price of $5.40 per share.

Get your hands dirty with all the science behind our engine here…


PRESS


Investor Perks
Tier 1
Investment
$2,000
 * T-shirt

Tier 2
Investment
$5,000
 * T-shirt
 * 5% Bonus Shares

Tier 3
Investment
$10,000
 * T-shirt
 * 7.5% Bonus Shares

Tier 4
Investment
$25,000
 * T-shirt
 * 10% Bonus Shares

Tier 5
Investment
$50,000
 * T-shirt
 * 15% Bonus Shares


THE TEAM


ALEXANDER SHKOLNIK

Co-Founder & CEO
PhD in Computer Science / Artificial Intelligence from MIT
Technical focus on leading teams in modeling dynamic systems, optimization and
controls
70+ patents; 30 conference and journal papers
PI on $20M in government R&D programs


NIKOLAY SHKOLNIK

Co-Founder & CTO
PhD in Physics from University of Connecticut (UConn)
Former Clean Energy Program Director, GEN3
Motorola award for Creativity
80+ patents: engines, fuel cells, super capacitors, and other fields
TRIZ specialist


PER SUNEBY

SVP of Corporate Development and Board Director
MBA, Harvard; BASc Electrical Engineering, U. British Columbia
Seasoned Cleantech startup executive
Former Venture Capital Executive in Residence
New England Clean Energy Fellow


FAQ

What is the difference between the X Engine and a traditional Wankel engine?
Our patented X-Engine solves the problems of the rotary engine without
sacrificing the benefits. It’s simple - having only two moving parts, has
practically zero vibration, is extremely compact and lightweight, and can run on
heavy fuel, gasoline, and even gaseous fuels like propane and hydrogen.

We turned the traditional Wankel inside out. Traditional Wankels have a
triangular rotor in a "peanut" shaped (trochoidal) housing. We have a
peanut-shaped (trochoidal) rotor within a tri-lobed-shaped housing. By turning
the rotary "inside out", the X-Engine has stationary apex (tip) seals that can
be directly lubricated. Furthermore, the long, skinny, rotating combustion
chamber of the Wankel - becomes a stationary combustion chamber within the
housing that can be optimized for better fuel-air mixing and combustion.  In
this way, we address many of the challenges of the old Wankel rotary including
sealing, cooling, lubrication, emissions, and efficiency.
How does the engine scale to fit different size/power requirements?
Very well. We can combine up to three rotors and we can scale the rotors to
larger size. We are focusing on small package because there is strong demand for
a very small compression ignition engine.
How many patents do you have?
We currently have 79 patents covering a wide variety of subjects and
applications.
How many horsepower can your engines scale up to?
We are currently focusing on the vast < 500 HP market segments, but we have done
conceptual designs up to 2000 HP. The platform architecture is scalable.
What are the tax implications of an equity crowdfunding investment?
We cannot give tax advice, and we encourage you to talk with your accountant or
tax advisor before making an investment.
What industries are you currently focused on?
We are focused on military, aerospace, and industrial/commercial application
markets.
Can the engine be used in aircraft?
Yes, for direct or hybrid electric propulsion for Unmanned Aerial Systems (UAS),
and as Auxiliary Power Units (APUs) or Supplemental Power Units (SPUs) for
larger manned fixed-wing aircrafts and rotorcrafts.
Are you targeting the nascent vtol passenger vehicle market, i.e. flying taxis?
Absolutely! This is a key emerging target market and we believe that our engine
architecture is uniquely suited for these applications, particularly to enable
range extension and hybrid electric propulsion systems using a variety of fuels,
including low-carbon fuels. The energy density of hydrocarbon fuels is 40-50X
that of today's most advanced batteries.
Do you plan on licensing your technology?
Yes, that is one of several potential revenue streams.
What is the exit plan for the company?
The plan is to build a successful, valuable company. Exit opportunities like an
acquisition or IPO could follow in due course.
What are the roadblocks to automotive adoption?
The biggest obstacle to penetrating the automotive market is the emissions
certification cycle. We can get products out to the military market because of
their national security power requirements and we expect to leverage those
application use cases and X-Engine designs to participate in a variety of
vehicle (including land vehicles) hybrid electric propulsion applications using
a range of fossil and low carbon fuels in the future.
What types of fuels can the LiquidPiston engine run on?
LiquidPiston is compatibile with a range of fuels including Diesel, gasoline,
jet fuel, propane, and even hydrogen. We fully expect the X-Engine will be able
to burn low-carbon fuels, such as bio-fuels and Sustainable Aviation Fuel (SAF).
Why Diesel?
Many diesel and heavy fuel applications require a small compact engine.
Especially military and aerospace applications.
How do you plan to use the proceeds from this funding round?
We are undertaking this capital raise to fund R&D and other initiatives not
funded by our current DoD contracts, such as Hydrogen as a future fuel for
commercial applications and the expansion of our engineering, test cell, and
machine shop facilities.
What is the current valuation of the company?
LiquidPiston is currently valued at $184M.
What is the minimum investment size?
The minimum investment size for this current round is $1,000.
How many investors do you have already?
Over 9,000 and growing!
How has the stock price changed over time?
On March 09, 2022 we enacted a stock split, we effected a ten-for-one (10:1)
forward “stock split.” As a result of this split, each share of the Company’s
Common Stock was split into ten (10) shares of Common Stock. This 10:1 stock
split means that effectively the share price is reduced by 10x (while the number
of shares is increased by 10x). Therefore, if you paid $54 per share in the last
reg A campaign, this means that post-split, you will hold 10x as many shares,
but at an effective share price of $5.40 per share.


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This investment is speculative, illiquid, and involves a high degree of risk,
including the possible loss of your entire investment. For more information
about this offering, please view LiquidPiston’s Offering Circular and Related
Risks.


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