SOURCE: Coates International, Ltd.
WALL TOWNSHIP, NJ--(Marketwired - Dec 3, 2013) - Coates International, Ltd. ("the Company") (OTCQB: COTE) has completed the CSRV® engine that will be shipped to China for testing and demonstration. Coates Engines China, Ltd is being incorporated to establish mass production operations in China for distribution of the many Coates CSRV® products throughout the UAE and Eastern hemisphere.
- The 1600cc v-twin CSRV® air-cooled motorcycle engine has already been tested here in the USA and surpassed the emission standards. These tests results are posted on the Coates website www.coatesengine.com
- The Company has received a preliminary agreement from India and after careful review of same, management is not convinced that the Company should go forward to establish a production operation in India at this time. However, the Company will keep all options open for future reference. Licensing the CSRV® technology to India for small engines is a possibility.
- The Company is pressing ahead with NJMEP to establish production operations here in New Jersey.
- The Coates hydrogen project is progressing.
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.