Posted On: 06/16/2015 3:09:17 PM
Post# of 3605
Coates International, Ltd. Receives Four Updated Firm Orders Totaling $50,486,200 From the UAE - Stockholders' Update
Coates International, Ltd. (OTC PINK: COTE) (the "Company"
is pleased to announce that some of its existing firm orders have been updated and reconfirmed in 2015. Mr. Howard Barmil, DBA, MBA, International Sales and Marketing Director of the Company, has delivered updated firm orders amounting to a total of $50,486,200.00 for just four of our firm orders.
- 150 KW CSRV natural gas industrial electric power generators are being manufactured at the Company's headquarters plant in New Jersey, USA.
- There is a high demand for the Coates CSRV 150 KW natural gas generators and the CSRV stand-alone 35 KW propane gen sets.
- The Company is making good progress in China; more information on this soon.
- The Company is planning an increase in skilled workers at the New Jersey plant.
The Company's President and CEO, Mr. George J. Coates, comments: "The demand for our CSRV natural gas industrial engines and generator sets is increasing. Some of these updated orders from the UAE have increased and almost doubled in size. This is a good sign as we just started production at our headquarters in New Jersey. We will need more skilled workers now. As soon as we have a constant smooth supply of parts and components, we shall expand. Management is considering the purchase of a 300,000 square foot production plant in the same local area. However, the property taxes are causing management to hesitate and look at other locations where we may establish our production operations. This will be the next step of Company expansion."
Coates International, Ltd. (OTC PINK: COTE) (the "Company"
is pleased to announce that some of its existing firm orders have been updated and reconfirmed in 2015. Mr. Howard Barmil, DBA, MBA, International Sales and Marketing Director of the Company, has delivered updated firm orders amounting to a total of $50,486,200.00 for just four of our firm orders. - 150 KW CSRV natural gas industrial electric power generators are being manufactured at the Company's headquarters plant in New Jersey, USA.
- There is a high demand for the Coates CSRV 150 KW natural gas generators and the CSRV stand-alone 35 KW propane gen sets.
- The Company is making good progress in China; more information on this soon.
- The Company is planning an increase in skilled workers at the New Jersey plant.
The Company's President and CEO, Mr. George J. Coates, comments: "The demand for our CSRV natural gas industrial engines and generator sets is increasing. Some of these updated orders from the UAE have increased and almost doubled in size. This is a good sign as we just started production at our headquarters in New Jersey. We will need more skilled workers now. As soon as we have a constant smooth supply of parts and components, we shall expand. Management is considering the purchase of a 300,000 square foot production plant in the same local area. However, the property taxes are causing management to hesitate and look at other locations where we may establish our production operations. This will be the next step of Company expansion."
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