SOURCE: Coates International, Ltd.
WALL TOWNSHIP, NJ--(Marketwired - Dec 12, 2013) - Coates International, Ltd. ("the Company") (OTCQB: COTE) is pleased to announce that a Chinese executive will visit the Coates headquarters today where large industrial natural gas electric power generators will be demonstrated under full load, including a standalone 35 KW home generator operation on propane, a v-twin 1600cc heavy cruiser CSRV® motorcycle operation on a dynamometer under full load up to 100 MPH operating on gasoline, V-8 engines and other CSRV® products will be demonstrated.
The Company has already signed a preliminary agreement with the Chinese government and is planning to establish mass production operations in China.
Mr. Coates comments, "This visit by the Chinese executive to the Coates headquarters on December 12, 2013 will save us a rush trip to China and shipping the CSRV® engines there before Christmas. I also feel more secure about the intellectual property until we have the final agreements executed. We intend to mass produce all of the Coates different products in the new industrial plant in China. We will visit China after the end of this year."
There can be no assurance that the Company will be successful in any of the above 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.