Coates International Ltd. (CIL)

Coates International Ltd. (CIL) was organized on the 22nd of December 1987 and reorganized in 1991, and existing under and by virtue of the General Corporation Law of the State of Delaware USA, is a fully reporting public company with over 1,100 stockholders.

CIL has been in research and development for approximately 15 years on a new CSRV (Coates Spherical Rotary Valve) combustion engine, which is patented worldwide. The research and development phase is now completed and CIL is gearing up for production and distribution of its new engines.

These CSRV engines run on a number of different fuels, such as gasoline, natural gas, methanol, ethanol, hydrogen and diesel. Oil changes are extended to approximately 50,000 miles instead of every 3,000 miles and in some cases oil changes are not necessary. Maintenance is drastically reduced. There is increased power, reduced fuel consumption and dramatically reduced emissions. CIL management believes the CSRV engine will lower United States' dependency on imported oil and fuels and believes this is the engine of the future.

CIL has sold a Use License to a Canadian oil and gas company for $5,000,000.00 and has developed a natural gas industrial engine for this company for an additional $5,000,000.00. Approximately $8.5 million is receivable from this Canadian company for this license.

CIL now has approximately 1,200 shareholders. The shares are listed on the NASDAQ Exchange under OTCBB, Symbol(COTE). The total number of shares currently issued and outstanding is 266,894,278; of which all are common stock.

CIL's Research and Development facility is 30,000 sq. ft. made of concrete and steel, situated on 6.5 acres of land site valued at approximately $3-4 million. The company is also negotiating the purchase of an industrial park that has 10 manufacturing plants on the site. The industrial park is on 130 acres of land. CIL has significant intangible assets and is planning a major expansion into mass production. Among intangible assets are:

• A large number of highly valuable USA (18) and foreign (over 100) patents on combustion engines and new technologies relating to combustion engines worldwide
• A steam turbine engine valve patent
• A self adjusting wheel bearing patent
• Concepts in testing not yet patented
• Large numbers of working prototypes
• A pulse detonation rocket engine

 

Click here to view Coates SEC Filings

For further information, please contact:

Coates International, LTD.
2100 Hwy 34 & Ridgewood Road
Wall Township, NJ 07719
Tel. 732-449-7717
Fax 732-449-7736
info@coatesengine.com