SOURCE: Coates International, Ltd.

March 13, 2015 07:00 ET

Top Executives of Coates International, Ltd. Are Now Planning Their Next Trip to China, Where They Will Build a Small Number of CSRV Industrial Natural Gas Electric Power Generator Sets at Coates Power Ltd. to Instruct the Chinese Engineers and Technicians How to Manufacture and Assemble the CSRV Systems; A Separate Engineering Agreement Is Being Drawn Up for This Project -- Stockholder's Update

WALL TOWNSHIP, NJ--(Marketwired - Mar 13, 2015) - Coates International, Ltd. (OTCBB: COTE) (the "Company") The company's top executives are making plans for their next trip to Coates Power Ltd. China where they will build the first CSRV industrial natural gas electric power Coates generator sets in China and instruct the Chinese engineers, engine builders and technicians on how to manufacture and assemble the Coates CSRV industrial engines and electric power generator sets. A separate engineering agreement is being drawn up for this project with Coates International, Ltd. USA and Coates Power Ltd. China.

Plans are in the works to design and manufacture 150 KW, 200 KW, 250 KW, 500 KW, and 1,000 KW Coates CSRV industrial natural gas electric power generator sets that will be used in the oil and gas industry utilizing flare off gas that would otherwise be wasted and flared off into our atmosphere. This way it will lower the harmful emissions that are released into our atmosphere, create more profit for the company and produce much needed electric power. This is a win-win situation for everyone involved.

Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: "We have the most advanced patented green engine technology in the world today. The oil and gas industry needs this advanced CSRV technology right now. Here at Coates, we are working diligently to produce large numbers of CSRV industrial natural gas generator sets in China and in the USA to supply our customers in the oil and gas industry. Much progress is being made and we are forging ahead on all fronts with new castings, new components and parts which are in the manufacturing process. Other deals are being negotiated and will be announced when completed."

There can be no assurance that the Company will be successful in any of its endeavors.

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