Coates International, Ltd. Receives Confirmation of a Multi-Million Dollar Firm Order for Its Industrial CSRV Electric Power Natural Gas (CNG) Generators for Delivery to China
Posted on: Thursday, 13 August 2009, 08:57 CDT
WALL TOWNSHIP, N.J., Aug. 13 /PRNewswire-FirstCall/ -- (Coates International, Ltd. (OTC Bulletin Board: COTE) - Coates International, Ltd. (The "Company") has received confirmation that Well to Wire Energy, Inc. of Canada has received a firm order for 200 CSRV Industrial Natural Gas (CNG) Electric Power Coates Generators for delivery to China. The executed contractual firm order requires a 50% up front deposit. That will be paid directly to the company and upon shipping the balance shall be paid in full. Shipment must start within 120 days from receipt of the 50% deposit.
Coates International, Ltd. President, George J. Coates, stated that the company has a firm standing order from WWE for 7,644 of these Industrial CSRV Natural Gas (CNG) Generators. However, we are pleased to be one of the very few American companies that are actually starting to export USA made products to the Far East.
Fax: 732-449-7736 or Email: info@coatesengine.comAbout Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine 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 operate on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is actively engaged in preparing for the commencement of manufacturing of products utilizing this technology.
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. 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.
Contact: Coates International, Ltd. Alicia Ansbach, 732-449-7717 info@coatesengine.comSOURCE Coates International, Ltd.
Source: PR Newswire
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