COATES INTERNATIONAL, LTD. STOCKHOLDERS’ UPDATE
Post# of 3605
Posted On: 04/05/2016 2:11:14 PM
COATES INTERNATIONAL, LTD. STOCKHOLDERS’ UPDATE -- THE RETROFIT OF THE COATES CSRV SYSTEM TO THE CUMMINS INDUSTRIAL ELECTRIC POWER NATURAL GAS GENERATOR SET IS COMPLETED – INCLUDING THE CONVERSION OF WHAT WAS ONLY A STANDBY POWER GEN SET TO A PRIMETIME POWER GEN SET
Wall Township, NJ – (Marketwired – April 5, 2016): Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is pleased to announce that the retrofit of the Coates patented CSRV, spherical rotary valve system, to a Cummins 250 KW electric power natural gas industrial generator set is now complete. Pictures of the retrofit process have been posted on the Coates website at: www.coatesengine.com.
Company President and CEO, Mr. George J. Coates, comments: “This retrofit would have been completed more quickly if we had been able to receive the parts and components on a timely basis. We intend to address this with our vendors in order to ensure efficiency and avoid the inherent business costs resulting from production delays, including overhead costs. I am pleased that this retrofit is now complete. More pictures will be posted on the Company’s website at: www.coatesengine.com.
“Representatives from Cummins and other engine manufacturers are being invited to the Company’s headquarters in New Jersey to observe the operation of the retrofitted CSRV industrial engine generator set operating on natural gas and a small amount of diesel.”
Wall Township, NJ – (Marketwired – April 5, 2016): Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is pleased to announce that the retrofit of the Coates patented CSRV, spherical rotary valve system, to a Cummins 250 KW electric power natural gas industrial generator set is now complete. Pictures of the retrofit process have been posted on the Coates website at: www.coatesengine.com.
Company President and CEO, Mr. George J. Coates, comments: “This retrofit would have been completed more quickly if we had been able to receive the parts and components on a timely basis. We intend to address this with our vendors in order to ensure efficiency and avoid the inherent business costs resulting from production delays, including overhead costs. I am pleased that this retrofit is now complete. More pictures will be posted on the Company’s website at: www.coatesengine.com.
“Representatives from Cummins and other engine manufacturers are being invited to the Company’s headquarters in New Jersey to observe the operation of the retrofitted CSRV industrial engine generator set operating on natural gas and a small amount of diesel.”
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