I had a cam less motorcycle once. It was known as a 2 cycle engine!
It seems to me that power savings is in parasitic loads because the valve action is the same as current cam operated valved engines. I will say that the idea of gasoline fuel injection may be a bit closer with this invention. As for rotary valves, too much dirt and grit would foul, score, and wear out much to quick.
Back when I worked for Saab in the '80s they would give us service reps test cars as our company cars..I picked mine up in Houston and found out it was a camless engine with electromagnetic valves. It was the standard Saab engine otherwise..2 liter 4cyl 4valve/cylinder turbocharged. Some joker had also installed an ejector handle from a Saab jet (the Viggen) in the console.
The car had an automatic transmission, and when I pulled onto the loop in Houston I punched it and it took off like a rocket and when it shifted into second gear it spun the front tires (front wheel drive) and I went off the road into a culvert..luckily I didn't wreck the damn thing... it scared the hell out of me.
Turns out that not only did you gain horsepower from no cams, but the valve timing was adjusting itselt to the rpms...so you didn't have any valve float..and thus the power curve wasn't a curve at all, it was a straight line.
The performance was incredible, I couldn't understand why they didn't implement it, I never had any problems the 2 months I had the car, and I drove the fool out of it. I never topped it out, but I got it up to 135mph on Andrews Highway outside of Midland and it still had more to give.
The other really cool thing it had was a solor cell built into the rear window that would drive a cooling fan that vented hot air out of the car when it was parked. In those hot west Texas days I could get in the car and it would be nice and pleasant inside instead of blistering hot..I thought it was a great idea.