Coates Announces Key Element Of Proposed Joint Effort With China

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26th March 2009, 01:20am - Views: 748





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Coates Announces Key Element of Proposed Joint Effort with China


WALL TOWNSHIP, N.J., Mar. 25 /PRNewswire-AsiaNet/ --


    Coates International, Ltd. (OTC Bulletin Board: COTE) – After reviewing 

the proposed agreement with the Chinese, to enter into a joint effort in 

China, George J. Coates, President and CEO stated that, "This is a deal that 

our company cannot pass up. It opens up great opportunities for Coates 

International, Ltd. to market, sell, distribute and license its CSRV Engines 

and products throughout China and the Far East which is a vast market. We plan to

move forward on this joint effort expeditiously."


    (Photo: http://www.newscom.com/cgi-bin/prnh/20090325/NY88576 )


    The proposed agreement is constructed in three steps:

    1. Coates will supply a prototype CSRV engine for testing and validation 

of the technological benefits at the Clean Energy Automotive Engineering 

Research Center, in Shanghai, China. Upon completion of testing, the next phase

of the agreement provides for:

    2. Setting-up a mass production facility to manufacture the Coates CSRV

Engines and products in China, with Chinese business partners. The agreement 

is currently targeting this step for the end of 2009.

    3. Marketing of the CSRV products throughout China and other Asian 

countries in the Far East. Marketing will be undertaken by Chinese entities. 

Licensing to original engine and vehicle manufacturers in the following 

categories of engines applications in the territory of China:


     - Automobiles

     - Light Trucks

     - Heavy Trucks

     - Industrial Machinery

     - Farm Machinery

     - Small Electric Power Generators

     - Large Electric Power Generators

     - Buses

     - Vans

     - Taxis

     - Motorcycles, Scooters, Mopeds

     - Small Boats

     - Large Ships

     - Locomotives

     - Light Aircraft

     - Water Sport Crafts

     - Racing and Performance

     - Military Vehicles

     - Military Equipment


    The CSRV engine will be designed to be powered by standard and 

alternative fuels including:


     - Gasoline

     - Diesel

     - Biodiesel

     - Compressed Natural Gas (CNG)

     - Liquid Natural Gas (LNG)

     - Propane

     - Landfill Gas (Methane)

Science Information Technology Coates International, Ltd. 3 image

     - Flare-off Gas (Sour Gas)

     - Ethanol

     - Methanol

     - Hydrogen

     - Possible mixtures of some of the above fuels


    Management is very enthusiastic about this opportunity in China. However, 

it is a complex task to get the agreement completed. An agreement of this

magnitude is inherently complex and it involves extensive details that need 

to be addressed. We intend to diligently work with our outside professionals 

in properly structuring the arrangements. This process is further complicated 

by the dual language requirements and importance of ensuring mutual 

understanding and obtaining final agreement by the parties. We anticipate that

the process of finalizing an agreement is likely to occur over a several 

week period.


    The Company has already begun production of a prototype test engine, 

which is a straight four cylinder 1600cc CSRV gasoline engine, with a

compression ratio of 13 to 1, sequential fuel injection and computerized

functional controls. The engine is expected to be completed by the end of

April of 2009.


    Additional information about the Company, including photos and videos are 

available at our Coates News website, www.mostadvancedengine.com. Readers may 

also visit our corporate website at www.coatesengine.com.


    About 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 run 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 for 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 



SOURCE: Coates International, Ltd.


    CONTACT: Sharon Arena of Coates International, Ltd.

             +1-732-449-7717

             info@coatesengine.com; 

         

    Photo: http://www.newscom.com/cgi-bin/prnh/20090325/NY88576


    (COTE)






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