WALL TOWNSHIP, N.J., April 16, 2018 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) is pleased to announce that our Hydrogen Project is nearing completion.
Company President and CEO, Mr. George J. Coates, comments: “Imagine being able to convert water to H2 or HOH for utilization as the sole fuel to operate electric power generators. Well, that is what we are working on at our headquarters in NJ. We have already operated CSRV® engines on Gaseous Hydrogen HOH, so we know it works. We have invested in four years of R&D on this Hydrogen Project and have conducted a number of experiments and tests. Gaseous Hydrogen HOH and H2 utilized as fuel for combustion engines cannot be used to power poppet valve engines for the following reasons:
Here at Coates International, Ltd., we have invented and designed a system that prevents Gaseous Hydrogen from exploding and backfiring, while also preventing any trace-back to the Hydrogen reservoir tank. Management believes that upon finalization of the project for this technology, it will be considered an unprecedented achievement for the use of Gaseous Hydrogen fuels in combustion engines and electric power generators.
New patent applications will be submitted for these new technologies shortly. We are also working with another company that is building a reactor for the final testing. Management is enthusiastic about the progress of the Hydrogen Project. We believe we are the only company in the world that has come this far with this new 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.