Coates International, Ltd. Provides General Update on Recent Activities.WALL TOWNSHIP, N.J. -- Coates International, Ltd. (the "Company" or "Coates") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : COTE) announced that the company intends to begin limited production of its Industrial Electric Power Natural Gas CSRV CSRV Civil Service Rifle Volunteers (British) CSRV Coates Spherical Rotary Valves Generator shortly, and will undertake to hire plant workers, procure inventory and production parts and optimize available space in its facility to increase manufacturing capacity. Management estimates that it is feasible to attain a production rate of up to 30 units per month without increasing the existing production capacity. George J. Coates added that we have approached certain engine manufacturers with a view toward contractually outsourcing the production of the first hundred engine short blocks, which would be delivered ready for assembly with our revolutionary CSRV technology. The company is also exploring the feasibility of outsourcing the production of heads and other components, some of which could be sourced from China with other suppliers. Barry C. Kaye, CFO See Chief Financial Officer. stated that this should be seen as a very sensible approach because it requires a minimal demand on our capital resources and enables us to drastically accelerate the timeframe for ramping up production when compared with the alternative approach of full scale manufacturing of the entire engine. Shortly after Well to Wire Energy's ("WWE WWE World Wrestling Entertainment, Inc. (formerly World Wrestling Federation) WWE Witwe (German: Widow) WWE William Webb Ellis (inventor of rugby) WWE World Wide Education WWE Well Woman Exam ") Directors visited our headquarters for the second time in January 2008, they expressed an interest in entering a second exclusive license for our Industrial CSRV Electric Power Generator, for use and sale in the oil, gas, and electric power generation industries in the territory of the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . We are currently engaged in ongoing exploratory talks with WWE with respect to this potentially substantially larger licensing arrangement. The No. 3 Industrial Natural Gas Electric Power Generator, which has been completed and satisfactorily tested at our facility by WWE, is ready for shipment by WWE. WWE is in the process of working out the logistics and appropriate timing of transporting this generator over the road on the approximately 3,000 mile long journey to an oil field in Canada in winter conditions. Our generator weighs in excess of three tons. The Company is pleased that its recent progress towards entering the production phase has resulted in a heightened level of shareholder interest as evidenced by the increase in the number of email and telephone inquiries. Federal securities regulations prohibit publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. from disclosing non-public information to individual investors unless such information is generally made available to all investors at the same time. The Company is subject to further restrictions by confidentiality and non-disclosure provisions of agreements in force with a number of third parties customers and Licensees. Some public companies have established an Investor Relations Investor relations The process by which the corporation communicates with its investors. Department capable of responding directly to investor inquiries. The Company would like to be able to provide this support function for its shareholders in the near future but we do not believe it is prudent at this time to deploy its working capital for this purpose. All interested parties are encouraged to review our annual and quarterly reports on Form 10-KSB and 10-QSB and other publicly available information on our Company filed with the Securities and Exchange Commission ("SEC"). All Company filings may be viewed on a website maintained by the SEC at www.sec.gov. The Company also maintains a website at www.coatesengine.com which contains important information about the Company, our technology and WWE. The Company would like to stress the substantial advantages of the CSRV technology over conventional internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. designed with the century-old poppet valve poppet valve n. An intake or exhaust valve, operated by springs and cams, that plugs and unplugs its opening by axial motion. Noun 1. technology. Gasoline powered Poppet Valve Engines are only 22% to 24% fuel efficient. During testing, internal combustion engines incorporating the CSRV technology have achieved fuel efficiency levels in excess of 36%. The poppet valve is the most troublesome component of the Piston Engine because timing is limited, downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. is costly and volumetric efficiency Volumetric efficiency in internal combustion engine design refers to the efficiency with which the engine can move the charge into and out of the cylinders. More correctly, volumetric efficiency is a ratio (or percentage) of what volume of fuel and air actually enters the is inadequate. Although some engine manufacturers have tried to compensate for these disadvantages with 4 and even 5 poppet valves per cylinder, they still were unable to incorporate higher compression ratios compression ratio Degree to which the fuel mixture in an internal-combustion engine is compressed before ignition. It is defined as the volume of the combustion chamber with the piston farthest out divided by the volume with the piston in the full-compression position ( with this design because the exhaust poppet valves became red hot, resulting in pre-ignition and the generation of large amounts of harmful emissions. The development of the Coates Spherical Rotary Valve a valve acting by continuous or partial rotation, as in the four-way cock. See also: Rotary Engine (CSRV) was motivated by the substantial anticipated benefits and the technological advantages over the conventional poppet valve. Development is complete now and the CSRV technology offers the following: * Efficient use of Higher Compression Ratios * Higher Volumetric Efficiency * Higher Thermal Efficient Engine * Reduced fuel consumption * Substantial Reduction in Harmful Emissions Produced * Elimination of Heavy Valve Springs * Lower Parasitic Losses * No Need for Servicing or Adjusting * Only Two Moving Parts Moving parts are the components of a device that undergo continuous or frequent motion, most commonly rotation. "Parts" only include the mechanical components which does not include fuel, or any other gas or liquid. Coates is the only company in the world with the intellectual property rights to the patented (CSRV) Technology. About Coates International, Ltd.: Coates has recently completed development of its patented spherical rotary valve CSRV Internal Combustion Engine developed over a period of more than 15 years. The underlying CSRV technology was invented by George J. Coates and his son Gregory. The CSRV system is adaptable to combustion engines of many types. This technology is currently adapted to a number of practical applications, including industrial generators powered by engines incorporating the CSRV technology and designed to run on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is actively engaged in planning for production and distribution of these engines. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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. |
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