Coates International, Ltd. Receives Four New Patents in China.WALL TOWNSHIP, N.J. -- Coates International, Ltd. (the "Company" or "Coates") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : COTE) - is pleased to announce that Coates was awarded four new patents in the Republic of China, and was awarded eighteen patents in the USA to date, with more than one hundred corresponding patents worldwide. This means that the Coates Spherical Rotary Valve a valve acting by continuous or partial rotation, as in the four-way cock. See also: Rotary (CSRV CSRV Civil Service Rifle Volunteers (British) CSRV Coates Spherical Rotary Valves ) Engines and technology is protected by full patents in the US and around the world. * The development of Compressed Natural Gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 (CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage ), Liquid Natural Gas (LNG LNG (liquefied natural gas): see under natural gas. ) and Propane CSRV engines are completed. * Diesel CSRV Industrial Heavy Truck Engine is complete. New technology developed on the Coates CSRV Diesel Engine is novel and new US patents are applied for. * Various smaller CSRV engines, such as auto engines, have been completed for a number of years. * The company is poised for production of all its new products. * Marketing is in progress. The Company is in talks with officials of various states in the US regarding the utilization of the CSRV engines for numerous natural gas and alternative fuel applications. Our liaison in China is forging ahead with his efforts and now has included all Asia and Japan within his scope. More information will be forthcoming when contracts are executed. We cannot divulge the names of companies or entities because of confidentiality agreements and interference from unsophisticated stockholders. The Company is in talks with numerous engine manufacturers and entities regarding licensing and utilization of the Coates CSRV engine for retrofitting and new vehicle applications. Announcements will be forthcoming if and when contracts are executed. Management believes that Coates CSRV technologies could impact our dependency on imported foreign oil and reduce the flow of US dollars out of the country, while lowering the progressive impact of global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. and reducing the production of harmful emissions. About Coates International, Ltd.: Coates has completed development of its patented spherical rotary valve CSRV Industrial Internal Combustion Engine 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. , developed over a period of more than 6 years and other CSRV applications over 10 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 rollout of these engines, and expects to have completed engines ready for pickup by Well to Wire, Energy, Inc. before the end of the year. The Company has recently completed the technological development of a diesel truck engine, which incorporates our CSRV system suitable for the trucking industry. We continue to make considerable progress with other important aspects of now retrofitting the diesel truck engine, including integration with the transmission and braking systems. After that, the engine will be fired up and tested with and without loads. The diesel truck engine is expected to achieve improved fuel efficiency and reduce harmful emissions. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion