PAISLEY, FL--(Marketwired - Aug 21, 2013) - Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG) (OTCQB: TTEG) is very pleased to announce it has executed the purchase order agreement for the manufacture of its initial Hydrogen Production Burner System (HPBS). TTE estimates the HPBS unit to be ready for installation at the manufacturing facilities of Fujian XinChang Leather, Co. Ltd., located at Jinjiang City, Fujian Province, China in 60-90 days.
Michael Rouse, TTE CEO, stated, "In the last 4 months, TTE has successfully completed a myriad of fact-finding and diligence to secure its initial client under the HPBS Lease Program as well as funding for up to $10m (CAD) earmarked for the installation of multiple HPBS units worldwide. Each HPBS unit installed under TTE's HPBS Lease Program offers a potential of 3 separate yet on-going revenue sources through the monthly lease payments, carbon credits, and the sole-source provider of methanol to each HPBS client."
The Hydrogen Production Burner System ("HPBS") proprietary technology is the "first and only" H2 production and burner technology system worldwide able to produce a consistent, steady, non-volatile and safe-to-burn concentration of hydrogen "on-demand and on-site," thus eliminating costly and complex transportation and storage challenges for customers wanting hydrogen as their "primary burner fuel" of choice. The HPBS provides industry the ability to achieve both energy and environmental conservation while simultaneously realizing a fuel cost savings of 30% to 70% from current expenditure levels.
The Hydrogen Production Burner System proprietary catalyst converts hydrogen from methanol (aka methyl alcohol or wood alcohol), a very stable and readily available liquid easily transported and stored at room temperature. The HPBS proprietary catalyst event does not use a flame to produce its hydrogen concentration mix from methanol. The catalyst does not generate hazardous substances. It is high efficiency with almost zero wasted heat. It has proven safe and reliable both through independent testing and extended periods of operation. Learn more about the technology and testing of the HPBS at the TTE website (www.ttengines.com).
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world consumes energy. In addition to the HPBS, Turbine Truck Engines also holds the exclusive license to develop, commercialize, manufacture, market, and distribute the Detonation Cycle Gas Turbine (DCGT) engine worldwide. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services, and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.