WALL TOWNSHIP, N.J., May 04, 2017 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) on May 2, 2017, a meeting was held at the Coates International, Ltd. headquarters in New Jersey with two officials from the Pentagon ACSIM-ODF US Army to discuss the use of Coates CSRV industrial electric power generators operating on natural gas for deployment at US Army bases.
Company President and CEO, Mr. George J. Coates, comments: “This was a very important meeting for the Company. A number of Coates CSRV industrial natural gas electric power generator types were demonstrated, including a propane unit and various gasoline engines. At the conclusion of the meeting, the parties agreed that it was productive and positive. The representatives were presented with manuals, official test data and informative DVDs. A transaction of this magnitude represents a significant opportunity for our Company. The requisite technology and know-how is already in place. All products for this application will be manufactured in the USA.
Company management is enthusiastic about the extent of this potential project to deploy our CSRV natural gas Gen Sets at US Army bases. Our Gen Sets lower harmful emissions into the atmosphere, reduce costs and utilize fuel that is readily available in vast quantities through the United States, including “flare-off gas” which is normally wasted because it is not suitable for powering conventional internal combustion engines.”
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.