The document summarizes Libralato's SMART engine technology which aims to reduce vehicles' reliance on oil and enable mass adoption of electric vehicles. The SMART engine could allow a hybrid vehicle to achieve over 70% fuel reduction and pay back its $1,000 extra cost within two years due to fuel savings. Libralato plans to license the engine globally and manufacture in Europe, targeting sales of 10 million vehicles per year by 2050. Funding requirements are estimated to enable market penetration plans from 2019-2022.