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.
Xianning City, location of Coates Power Inc., Ltd.
Monday - March 23, 2015
OIL COMPANIES FLARE OFF 160,000,000,000 CUBIC METERS OF NATURAL GAS INTO OUR ATMOSPHERE EVERY YEAR; THESE COMPANIES MAKE HUGE PROFITS BUT SPEND LITTLE TO SOLVE THE POLLUTION PROBLEM THAT THEY CREATE; HERE AT COATES INTERNATIONAL, LTD. THE REMEDY TO SOLVING THIS PROBLEM IS AT HAND
Wall Township, NJ – (Marketwired – March 23, 2015) Coates International, Ltd. (OTCBB: COTE) (the “Company”) Now North Dakota adds to this problem.At some sites or wells there are no pipelines or compression stations to take the gas from the well heads.There were approximately 40,000 oil wells drilled last year in the United States.The United States is now among the top ten polluters in the world.The toxic elements contained in flare off gas are (H2), (N2), (O2), (CO2), (C2), (C3) (1 – BUTANE), (1C4), (NC3), (H2S) and other sulfur compounds.160,000,000,000 cubic meters of these pollutions are flared off into our atmosphere every year.Coates International, Ltd. has the remedy to solve this problem with its most advanced patented CSRV engine generator technology in the world that operates on flare off gas, produces electric power, and can be used for compression and pumping while operating the oil rig; solving the pollution problem, saving billions of USD, utilizing the waste gas that would have been flared off and making more profit for the company.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments:“There exists only a very small film of air around our little planet.We can only live and breathe up to approximately two miles high.Above that, we would need a supply of oxygen.So, it is like living in a bubble of air that surrounds the planet.Those who say that climate change or global warming is a myth could not be more mistaken.Every element and natural resource on this planet has a limited supply, even the oxygen we breathe.Flaring off gas into our atmosphere will most definitely have an adverse affect on all living creatures including plant life and will surely contribute to climate change.
This pollution is responsible for illnesses such as asthma, bronchitis, heart and lung diseases and more all of which drives up the cost of our health care by billions of USD.
Our planet and all life on it and our atmosphere are extremely fragile.We should not guess or gamble and take chances with these most important aspects of our futures and lives as we depend on these for our existence.
Here at Coates International, Ltd., over many years, we have designed and developed the most advanced CSRV combustion engine technology in the world that operates on flare off gas, CNG – LNG, propane, landfill gas, hydrogen and any other combustion engine fuels, producing the highest thermal efficiency while emitting ultra low emissions.This is a win-win deal for the oil and gas companies.Instead of wasting the gas we are using it to power whole systems, while making more profit for the companies and addressing this toxic waste practice.”
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.