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Press Releases
Click here to see article Friday - December 20, 2019 COATES INTERNATIONAL, LTD. SHAREHOLDERS’ UPDATE THE COMPANY HAS THREE IMPORTANT TRANSACTIONS PENDING Wall Township, NJ – (Globe Newswire – December 19, 2019) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is pleased to announce that it has negotiated three individual transactions to manufacture CSRV® products with three American companies. One is worth more than $24,000,000 USD to the company and the others are expected to be comparable. Management is looking forward to finalizing these prospects and starting production. More details and the names of the companies will be disclosed as the transactions are consummated. Company President and CEO, Mr. George J. Coates, comments: “Negotiations for these transactions were initiated last year and have progressed to the point where it now appears they are more likely to come to fruition. We expect to learn more in the near future. Over the past number of years since we completed the R&D on our CSRV® engines, we have established a new company, Coates Hydrogen Energy, Ltd. and carried out scientific R&D programs and designs and operated our CSRV® engines on Hydrogen (H2) derived directly from water through our reactor to the CSRV® engine. The CSRV® engine initially starts up on natural gas. A small amount of energy from the generator is then utilized to operate the reactor to produce the Hydrogen. At this point, the CSRV® engine is able to be powered from the Hydrogen. We have a little more work to do to complete this project. Coates International, Ltd. intends to manufacture all components including CSRV® engines and Gen-Sets and all parts for the reactor. If we are successful with the final phase of this project, this is expected to be a significant achievement for the Company with potential world-wide implications by enabling electric power generators to be powered by water as their fuel.” 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. Contact Information: Coates International, Ltd. Phone: 732-449-7717 Fax: 732-449-0764 www.coatesengine.com www.mostadvancedengine.com Thursday - April 4, 2019 COATES MANUFACTURING LTD., A WHOLLY OWNED SUBSIDIARY OF COATES INTERNATIONAL, LTD., RECEIVED A $24,000,000 USD PURCHASE ORDER ON APRIL 3, 2019, FOR 12 - 2 M.W. CSRV® ELECTRIC POWER GENERATORS Wall Township, NJ – (Globe Newswire – April 04, 2018) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) Coates Manufacturing Ltd., a wholly owned subsidiary of Coates International, Ltd., received a purchase order from an American alternator manufacturer for $24,000,000 USD for 12 - 2 M.W. multi-fuel CSRV® electric power generators. ▪ Company President and CEO, Mr. George J. Coates, comments: “This is a great start for this year. However, the company has already received many orders worth millions of USD.” ▪ Update: The Company management has decided not to extend its existing facilities and is selling its vacant parcel of land and is considering the purchase of a 102,000 sq. ft. manufacturing plant with expansion to another 145,000 sq. ft. The company is planning for the possibility of this to take place this year. 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. Contact Information: Coates International, Ltd. Phone: 732-449-7717 Fax: 732-449-0764 www.coatesengine.com www.mostadvancedengine.com Wednesday - April 3, 2019 COATES INTERNATIONAL, LTD. COMPLETES THE R&D ON ITS HYDROGEN H2 PROJECT. THE COATES CSRV ENGINES CAN NOW OPERATE ON GASEOUS HYDROGEN (H2) AND LIQUID HYDROGEN – PATENT PROTECTION WILL BE APPLIED FOR BEFORE THE TECHNOLOGY IS DIVULGED TO OUR INTERESTED CUSTOMERS Wall Township, NJ – (Globe Newswire – April 03, 2018) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) Management is pleased with the progress of its Hydrogen H2 technology. Company President and CEO, Mr. George J. Coates, comments: “This new breakthrough technology is a great asset to our company as the Coates CSRV® engines are believed to be the only power units in the world that can operate safely on Gaseous Hydrogen H2. The engines can also operate on liquid Hydrogen. Gaseous Hydrogen H2 is extremely volatile and static electricity from a woolen sweater or from someone’s hair could cause an explosion. Here at the Coates companies, we have solved these problems with our new Hydrogen technology.” 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. Contact Information: Coates International, Ltd. Phone: 732-449-7717 Fax: 732-449-0764 www.coatesengine.com www.mostadvancedengine.com Tuesday - September 11, 2018 HYDROGEN ENERGY TECHNOLOGIES, INC., A SEPARATE COMPANY CONTROLLED BY GEORGE COATES, HAS BEEN ENGAGED IN AN R&D PROJECT TO POWER CSRV® ENGINES AND GENERATORS. THE TECHNOLOGY UTILIZES GASEOUS HYDROGEN (H2) THAT IS HARVESTED FROM WATER BY THIS NEW TECHNOLOGY , WHICH IS INTEGRATED INTO THE GENERATOR - ESSENTIALLY ELECTRIC POWER IS BEING PRODUCED FROM WATER, WHICH MAY HAVE IMPORTANT FUTURE IMPLICATIONS - (SHAREHOLDERS’ UPDATE) Wall Township, NJ, Sept. 11, 2018 (GLOBE NEWSWIRE) -- For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”): Hydrogen Energy Technologies, Inc. (“HETI”), a separate company controlled by George Coates, has been engaged in R&D for the past four years developing H2 reactors. The project goal is to power CSRV® engines and generators with gaseous hydrogen (H2) that is harvested from water by this new technology, which is integrated into the generator. HETI has successfully run CSRV® engines on hydrogen and is currently working on the final stages of the H2 project: ● Future plans: Coates International, Ltd. will manufacture the CSRV® H2 power units. ● HETI will license the H2 system technology to the Company and receive royalties on every unit sold or leased. ● The Company is currently considering a new manufacturing plant for its production operations; updates will be forthcoming. ● Negotiations with China for manufacturing and distribution are continuing. Mr. Xoshi “James” Pang is in the USA now and is handling all documents and discussions with the Chinese. ● Company president and CEO, Mr. George Coates, comments: “We know that the CSRV® engines operate successfully on H2 gaseous Hydrogen because we have engines running on H2 now. HETI is working on expanding the H2 system technology capabilities for commercial and industrial applications.” ● In addition to being a qualified U.S. government contractor, the Company has become an approved state vendor in the State of Florida. 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. Contact Information: Coates International, Ltd. Phone: 732-449-7717 Fax: 732-449-0764 www.coatesengine.com www.mostadvancedengine.com |