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.
SUBSEQUENT TO OUR LAST PRESS RELEASE COATES INTERNATIONAL, LTD. IS PLANNING TO SHOW THE PROGRESS IN REFERENCE TO RETROFITTING OF THE COATES CSRV TO THE CUMMINS INDUSTRIAL ELECTRIC POWER GENERATOR SET BY POSTING ON ITS WEBSITE PICTURES OF THE STEP BY STEP PROCESS AND ASSEMBLY AND DISPLAY OF ALL PARTS THAT ARE ELIMINATED AND REPLACED BY ONLY TWO COATES CSRV MOVING ASSEMBLY SHAFTS
Wall Township, NJ – (Marketwired – February 4, 2015) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is planning to show the progress and process of retrofitting the Cummins industrial engine generator set with the Coates CSRV system by posting pictures on the Company website, www.coatesengine.com, displaying a large number of parts that are replaced by only two Coates CSRV assembly shafts; only two moving parts utilizing no engine oil in the system.
Company President and CEO Mr. George J. Coates comments: “This retrofitting took approximately two weeks because we had to strip hundreds of parts from the standard Cummins industrial generator set. Fitting the CSRV system takes less than two days. Now we are waiting for delivery of compression rings that should have been delivered to us in November 2015. As soon as we receive these parts, the project will be completed. A video will be posted on our website of the retrofitted Cummins industrial generator set in operation with the Coates CSRV installed.”
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.