SOURCE: Rotoblock Corporation

November 14, 2006 08:30 ET

Rotoblock (OTCBB: ROTB) Announces Letter of Intent Agreement With Automotive Component Pioneer Autocraft Industries to Jointly Develop an Energy Efficient Propulsion System for On- and Off-Road

Vehicles

SANTA ROSA, CA -- (MARKET WIRE) -- November 14, 2006 -- Rotoblock (OTCBB: ROTB) announces today in its quest to evaluate, test and combine various components to arrive at more energy efficient propulsion systems and power trains for on- and off-road vehicles, a proposal for collaboration between the two companies for the purpose of adapting the NuVinci Continuously Variable Transmission (CVT) into the following phases of development.

Phase 1- Electric all terrain vehicle (to increase torque and efficiency)

Phase 2- Electric car, to improve acceleration abilities and possibly provide an overdrive

Phase 3- Incorporation of the NuVinci CVT into OBVIO! Vehicles, a manufacturer of high performance micro cars powered by internal combustion engines, hybrid systems or electric drives.

The market for such vehicles is vast and Rotoblock is now engaged with numerous companies in an endeavor to evaluate and eventually incorporate energy efficient propulsion systems. Rotoblock Corporation is very pleased with the potential of the NuVinci transmission and the never before seen simplicity it has to offer. "Our effort in developing a better power train begins by combining an engine with a simple, highly efficient and easy controllable/governable transmission. We believe the NuVinci Transmission offers the most prominent solution we have discovered yet. We are very excited about the new technology and its tremendous potential," says Matthias Heinze, president of Rotoblock Corporation. Sale forecasts for electric on- and off-road vehicles call for approximately 5,000 vehicles for 2007.

About Autocraft Industries -- Autocraft Industries became a supplier of FQR transmissions, producing more than 90,000 units during the first year. As volumes grew, the company built a dedicated facility to handle the increased demand. Since then, they have produced more than 500,000 FQR transmissions. Autocraft Industries became the first company in Oklahoma to obtain the rigorous QS-9000 quality certification in December 1996, followed by Ford's Q-1 certification in March 1997. Autocraft Industries has extensive experience manufacturing automotive components. As a full-service manufacturing supplier to leading OEMs Autocraft Industries provides expertise in the following areas: engineering, manufacturing, root cause analysis, core management, customer service information systems and distribution.

About Rotoblock Corporation -- Rotoblock in its expanded mandate is focused on the development of leading-edge power train technologies and the further improvement of the Oscillating Piston Engine. Although Rotoblock has already signed a licensing agreement with OBVIO! Brazil, the company continues to improve the performance of the engine, which will lead to additional and profitable licensing and/or partnerships for its manufacture. The company was incorporated in Nevada and is headquartered in Santa Rosa, California. The Company has full rights to the patents of the Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has useful applications in an endless number of areas where its powerful, light-weight and efficient design are sought after attributes. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.

Contact Information

  • Investor Relations Contact
    Tony R. Collins
    (877) 511-0110