Tuesday, November 26, 2013 8:00 AM ET TOP BUSINESS EXECUTIVES FROM NJ MEP VISITS COATES INTERNATIONAL, LTD. HEADQUARTERS IN NEW JERSEY ON NOVEMBER 25, 2013
Mr. John W. Kennedy, PHD Chief Operating Officer and Mr. Jeffrey Hoffman, Accounts Manager of NJ MEP visited the Coates company headquarters on Monday, November 25, 2013. CSRV® engines and 100 KW industrial natural gas generators were demonstrated under full load including smaller 35 KW home generators operating on propane and the Coates reactor operating a CSRV® 14 HP engine on water split into hydroxy gas as its sole fuel source.
At the meeting they expressed their willingness to assist the Company in establishing production operations here in New Jersey and to acquire a building including start up funding.
Mr. Coates comments, “The meeting was progressive and informative in regards to the Company setting up production operations here in New Jersey. A location and production building was pinpointed and I believe it would be satisfactory for our production operations. This could be established in a very short time. The building in question is close the Coates headquarters which makes it very convenient.”
The deal in China is still pressing ahead. The test engine should be completed shortly.
The Coates Hydrogen Reactor project is progressing in phase two. Tests have been successful. The second H2 Reactor is under construction.
A proposal agreement was received from India and is being studied by management at this time.
There can be no assurance made that the Company will be successful in any of its endeavors.
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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.