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.
Tuesday - April 21, 2015
CUMMINS POWER SYSTEMS LLC BUSINESS EXECUTIVES VISIT COATES HEADQUARTERS IN NEW JERSEY ON MARCH 18, 2015, TO DISCUSS THE MANUFACTURING AND SUPPLY OF CUMMINS INDUSTRIAL ENGINES AND COMPLETE GENERATOR SETS TO COATES WHERE THEY WILL BE RETROFITTED WITH THE COATES CSRV PATENTED SYSTEM; THIS IS TO ASSIST RAMP-UP PRODUCTION OPERATIONS IN THE USA
Wall Township, NJ – (Marketwired – April 21, 2015) Coates International, Ltd. (OTC PINK:COTE) (the “Company”) had meetings with Cummins Power Systems LLC executives at the Coates headquarters in New Jersey on March 18, 2015.In attendance were the General Manager of Power Generation, Mr. John Zamarra, and the Manager of Marketing and Sales, Mr. J.R. Kisylia.The purpose of this meeting was to organize the supply of industrial generator sets, engines and components to Coates to ramp-up its production here in The United States of America.
During the meeting, there was a demonstration of a Cummins industrial engine that was rebuilt by Coates with the CSRV (Coates Spherical Rotary Valve) system, installed in a 150 KW industrial generator, operating on natural gas.Also, smaller units operating on propane, hydrogen and other fuels were observed in operation.
Proposals and agreements are in place for the supply of complete industrial generator sets as follows:
- Model GFPA – 150 K.W. 277/480 V. 3 Phase 4 Wire 60 Hertz 1800 R.P.M.
- Model GFPC – 200 K.W. 277/480 V. 3 Phase 4 Wire 60 Hertz 1800 R.P.M.
- Model GFBC – 250 K.W. 277/480 V. 3 Phase 4 Wire 60 Hertz 1800 R.P.M.
- Model GFJB – 500 K.W. 277/480 V. 3 Phase4 Wire 60 Hertz 1800 R.P.M.
Including engines, parts and components to ramp-up production of the Coates production operations in The United States of America.
Coates International, Ltd. President and CEO comments:“Cummins is in the engine manufacturing business for nearly a century.They manufacture excellent products and their executive staff is highly qualified and most helpful.Here at Coates International, Ltd. we are working diligently to get our production operations up and running in the USA.The demand is there for our natural gas industrial CSRV generator set that will eliminate the flaring off gas into our atmosphere.This is the ultimate patented green combustion engine technology in the world.We are moving forward on all fronts in the USA, the Far East and the UAE.”
“This CSRV technology will:
- Lower pollution.
- Produce clean energy by utilizing flare off gas that would be otherwise wasted.
- Produce more profit for the companies involved.
- Create new jobs.
- Boost the economy.”
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.