SOURCE: Coates International, Ltd.

November 10, 2015 07:00 ET

Coates International, Ltd. Company Director, Mr. Jack Perkowski, Returned From China to Attend Meetings at the Company Headquarters on Friday, November 6, 2015 -- Attendees Included Mr. Robert Xiong, VP, North America, Representing the Chinese Company, Mr. Barry C. Kaye, Company CFO, and Mr. George J. Coates, President and CEO -- to Negotiate a Completely New and Separate Deal With a Chinese Engine and Gen Set Manufacturing Company

WALL TOWNSHIP, NJ--(Marketwired - Nov 10, 2015) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that it has opened negotiations to license its patented CSRV engine and gen set technology to a Chinese engine and gen set manufacturer. The first meeting and demonstration took place at the Company headquarters in New Jersey. This is a new and separate deal with a non-government Chinese entity.

Company President and CEO, Mr. George J. Coates, comments: "This is a promising opportunity to license an independent Chinese diesel engine and gen set manufacturing company. We are already into some deals in China where the Chinese government is involved. However, these deals take a considerably much longer time to complete than it does with independent companies."

Diesel engines, diesel gen sets and heavy diesel trucks are in trouble. They simply cannot meet the world emissions standards.

U.S. EPA non-road diesel engines:

  • 40 CFR part 1039 tier 4 emission standards certification required;
  • 40 CFR part 1065 exhaust emission test procedure for lab 15 field testing;
  • 40 CFR part 1068 general compliance provisions;
  • 40 CFR part 89 tier 3 earlier emissions standards and compliance program.

Heavy trucks, buses and engines:

  • Gross vehicle weight rating above 14,000 lbs. and some vehicles with gross weight rating between 8,500 lbs.;
  • 2012 to 2014 final rules for SCR EPA standards for diesel fueled systems requirements criteria pollutants -- NOX, HC, PNL greenhouse Gas -- CO2 -- N2O and CH4.

Euro 5 and 6 emissions regulations (EC) No 715/2007 (EC) No 692/2008 January 1, 2015 categories. M1 -- M2 -- N1 -- N2.

"It is quite impossible for 100 year old poppet valve designed diesel engines to meet the above emissions standards. Coates International, Ltd. is the only Company in the world that has the technology that will fix this problem. Our technology is patented in most industrial countries around the world including China and a number of new Coates invented technologies have just been (patent applied for stage) in the USA."

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.

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