Mr. Jack Perkowski, a Director of Coates International, Ltd., provides insight into the economy and stock market in China.
THE $100,000,000.00 USD LICENSE AND MANUFACTURING DEAL WITH RENOWN POWER INC. HONG KONG AND COATES POWER INC., LTD. IS ON. COATES INTERNATIONAL, LTD. EXECUTIVES RETURNED FROM THEIR HIGHLY SUCCESSFUL THREE WEEK VISIT TO CHINA.
CUMMINS DELIVERS THE FIRST V12 QST30-G4 INDUSTRIAL ENGINE TO COATES INTERNATIONAL, LTD. HEADQUARTERS AND PLANT IN NEW JERSEY TO BE RETROFITTED WITH THE COATES PATENTED CSRV SYSTEM TO OPERATE ON GASEOUS HYDROGEN FOR A SOLAR ENERGY COMPANY, SECURE SUPPLIES USA LLC WITH PROJECTS IN NEW JERSEY, CALIFORNIA, MEXICO AND OTHER LOCATIONS
Wall Township, NJ – (Globe Newswire – March 21, 2017) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) has received the first V12 QST30-G4 industrial engine from Cummins. This engine is to be retrofitted with the Coates patented CSRV system to operate on gaseous hydrogen for Secure Supplies USA LLC.
Company President and CEO, Mr. George J. Coates, comments: “We already have small CSRV engines operating on gaseous hydrogen, so this very large industrial engine, when retrofitted with the Coates CSRV system, should be successful. However, this will take some time to complete as designing the system for the retrofit is a major task. Once completed, they can be rapidly produced as the demand calls for more than 75 industrial 1 MW CSRV generator sets just for the first three projects with Secure Supplies USA LLC using the Renewable Power to Gas Energy Storage system.
“Poppet valve engines will not operate properly on gaseous hydrogen because of the overlap when both inlet and exhaust valves are open, including the hot spots. These defects cause pre-ignition and back firing in the inlet. These defects do not exist in the Coates patented system.”
There can be no assurance that the Company will be successful in any of its endeavors. Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.