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Press Releases
COATES INTERNATIONAL, LTD. AND ADVANCED HYDROGEN POWER, LTD. ARE PLANNING TO MERGE OR CIL HAVE BECOME THE 100% OWNER OF AHPL.
June 21, 2023 09:00 ET | Source: Coates International Wall Township, NJ, June 21, 2023 (GLOBE NEWSWIRE) -- Wall Township, NJ, June 21, 2023 (Globe Newswire) – Coates International, Ltd. and Advanced Hydrogen Power, Ltd. are doing a private placement offering (to accredited investors only). Under section 4(A)(2), formerly section 4(2) and rule 506 of regulation D, promulgated under the securities act of 1933, as stock, par value $100 per share (the “securities” or “shares”) for the purchase price of $100 per share. The minimum individual investment is $50,000.00, although the company reserves the right to accept subscriptions for lessor amounts. This offering will terminate on the earlier of (a) date of the companies in their sole discretion, elects to terminate, (b) the date upon which all shares have been sold subject to an increase to the size of the offering, or (c) December 31, 2023, unless extended by the companies for up to an additional 90 days (the “offering period”). The companies also reserve the right to increase the size of the offering. The companies have large signed orders amounting to $7,125,000.00 for their Hydrogen (H2) products and have two license commitments, one for $100,000,000.00 USD and the other for $25,000,000.00 USD. These are manufacturing licenses in different countries and territories. Interested investors or groups may contact the company for further information or to make arrangements to visit the headquarters call 732-449-7717 or email info@coatesengine.com. 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 www.h2powergen.co Wednesday, March 1, 2023 ADVANCED HYDROGEN POWER, LTD. AND COATES INTERNATIONAL, LTD. HAVE COMPLETED THE FIRST PRODUCTION QUALITY, HYDROGEN REACTOR AT THEIR R&D HEADQUARTERS. INITIAL PERFORMANCE TESTING FULLY MET THE COMPANIES’ EXPECTATIONS. Wall Township, NJ, March 1, 2023 (Globe Newswire) – Coates International, Ltd. and Advanced Hydrogen Power, Ltd. have completed the development, design and engineering of their first production quality Hydrogen (H2) Reactor. This Coates production Hydrogen (H2) Reactor is suitable to be coupled with their 100 K.W., 150 K.W., 200 K.W. and 250 K.W CSRV® Electric Power Industrial Generator-Sets. Operation of the Coates (H2) Reactor only consumes a little less than 1% of the power produced by the CSRV® Industrial Generator-Sets. Performance testing to date has achieved all of our goals for this product. Management is enthusiastic with the companies’ progress to achieve this milestone and planning for production operations is now underway. Company President and CEO, Mr. George J. Coates, EE ME, and his son, Vice President, Gregory G. Coates, ME, are the inventors of these new most advanced green technologies. Mr. George J. Coates comments: “We have been working six and seven days a week for many years and now we have succeeded with creating one of the most Advanced Green Hydrogen (H2) and CSRV® Technologies in the world. No other company in the world has this green technology. Many new patents will be filed with the US Patent Office and around the world. We are now ready to start production operations. We have received various offers of interest to establish production in other countries and locations. However, management is considering all viable, available options. Producing Electric Power from plain water or sea water is a major step forward in solving many global problems. This is the ultimate green technology that will benefit all.” 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 www.h2powergen.com Thursday, February 24, 2022 COATES INTERNTIONAL, LTD. AND ADVANCED HYDROGEN POWER, LTD. HAVE RECEIVED ORDERS FOR THEIR CSRV® HYDROGEN H2 INDUSTRIAL ELECTRIC POWER GENERATORS AMOUNTING TO $7,125,000,000 Wall Township, NJ – (Globe Newswire – February 24, 2022) For Immediate Release: Coates International, Ltd. (COTE) and Advanced Hydrogen Power, Ltd. (the “Companies”) have received firm orders amounting to $7,125,000,000 USD for their CSRV® Hydrogen (H2) Electric Power Industrial Generators including the H2 Reactors. These units are coupled together as one power unit. The R&D on these new technologies is complete. The first production models are being built now. The 100 K.W., 150 K.W. and 200 K.W. units are expected to start shipping out to customers this year. 1 M.W. units are expected to start shipping out to customers in 2023. We believe that these CSRV® Hydrogen (H2) Industrial Electric Power Generators including the H2 Reactor are the cleanest and lowest emission power units in the world and will help resolve global warming. Company President and CEO, George J. Coates, EE ME, comments: “A lot of companies are announcing that they are going to do this and that with H2. Here at Coates International, Ltd. we have done it successfully with our CSRV® Engines and Hydrogen Reactors operating successfully in our New Jersey Plant. Now it’s time for our companies to get into full production and get products out to our customers. I would like to point out the fact that Gaseous Hydrogen H2 is an extremely minute atom and will pass through the stem of a standard poppet valve and fill up the engine housing with Gaseous Hydrogen that can explode the engine at any time. This cannot happen with the CSRV® H2 Engines as there are no passages from the CSRV® system into the engine housing so we have the only engines in the world that are safe to operate on Gaseous Hydrogen (H2). Our Sequential H2 Fuel Injection System injects the H2 gas directly into the cylinder. We have designed a proprietary blow back system on our Hydrogen Reactors and our CSRV® Industrial Hydrogen H2 Systems are the safest in the world.” Company management is in talks with a number of business groups regarding the companies’ expansion into production. 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, February 2, 2022 HDYROGEN IS THE WORLD’S CLEANEST AND MOST ABUNDANT ENERGY SOURCE. HERE AT OUR RESEARCH LABORATORY IN NEW JERSEY USA WE ARE WORKING ON A SYSTEM THAT PRODUCES THE HYDROGEN GAS TOTALLY FREE OF COST. Wall Township, NJ – (Globe Newswire – February 2, 2022) For Immediate Release: Coates International, Ltd. and Advanced Hydrogen Power, Ltd. (the “Companies”). The Research Scientist Team have been working on a completely new system that will produce Gaseous Hydrogen totally free at no cost whatsoever. Hydrogen, at present, is produced from energy derived from the CSRV® Engine Electric Power Generator. For instance, a 100 KW CSRV® Electric Power Generator would use 1 KW to produce the H2 fuel that is used to operate the CSRV® Generator Set. Now we believe that our new and totally separate system shall produce the Gaseous Hydrogen (H2) totally free of any cost or energy from the CSRV® Generator Set. This means that our CSRV® H2 Electric Power Generators will produce electric power at almost no cost and produce no harmful emissions. This is the first of its kind in the world and will revolutionize green energy and help combat climate change. Company President and CEO George J. Coates, EE ME comments: “Lots of people and companies are working on Hydrogen projects around the world because Hydrogen is the cleanest fuel in the world. Our H2 Reactor produces Hydrogen from ordinary water or sea water producing gaseous Hydrogen. However, most companies are producing liquid H2 which is produced with very high pressure and costs approximately $10.00 per gallon. A lot of reports and comments state that it is not dangerous. (They are wrong.) Hydrogen storage is highly dangerous. H2 in any form is highly dangerous. Static electricity and air can set off a major explosion even if the flames rise upward. The explosion can blow a building down and kill many people. For instance, we have tested Gaseous H2 on Poppet Valve Engines and found that the H2 gets past the poppet valve stems into the engine housing filling it up with Gaseous H2 that will cause a major explosion of the whole engine; it would be catastrophic. This cannot happen with the Coates CSRV® engines as there are no passage ways from the CSRV® valve system to the engine housing. We have designed blow back safety devices that prevent any detonation of H2. Our H2 Reactor and CSRV® Industrial Electric Power Generator-Sets use up the gaseous Hydrogen as it is produced. It is used as fuel to power the CSRV® Electric Power Generator-Sets. We do not store Gaseous Hydrogen (H2). We also designed and developed our own H2 Injection System for Gaseous Hydrogen. We have many major breakthroughs and a number of new Patents in the process. We believe this is the most Clean Green Electric Power H2 Energy in the world. Orders are in place and production will start very soon. Negotiations with various companies and entities are ongoing. More updates will be forthcoming.” 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 Monday, October 12, 2021 COATES INTERNATIONAL, LTD. MAJOR BREAKTHROUGH IN GASEOUS HYDROGEN REACTOR DESIGN. Wall Township, NJ – (Globe Newswire – October 12, 2021) For Immediate Release: Coates International, Ltd. (COTE) (the “Company”) is pleased to announce that it has fulfilled its promise and achieved a major breakthrough in the next generation of its proprietary, Gaseous Hydrogen Reactor Design. This breakthrough is now able to harness and deliver Gaseous Hydrogen to power the Company’s industrial CSRV® Electric Power Generator 100 – 150 KW. The Generator energizes the hydrogen reactor with 3KW of power needed to produce the Gaseous Hydrogen which is then delivered as the fuel to run the CSRV® Generator. With this achievement, the various Coates technologies are now viable as extremely low-cost, ultra-efficient options, that are beyond compare, in the industrial and commercial “green energy” power generation markets. Advanced Hydrogen Power, Ltd. and Coates International, Ltd. have been working on this new Reactor Technology for approximately seven years and are now planning to establish production of this most Green Power Technology. Orders have already been received from Mexico and the USA. More information will be forthcoming. 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 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 |