Interesting that GC would just put out this news a
Post# of 3601
not sure if it means anything or if it is just fluff or he needs to sell more shares quick but typically he would put out this news with other "company updates"
also since I have no technical engineer training not sure about the Hydrogen thing or the meaning of it , if any...
Mogman would know- But he has typically raised eyebrows at GC about the Hydrogen stuff..
COATES INTERNATIONAL, LTD. COMPLETES THE R&D ON ITS HYDROGEN H2 PROJECT. THE COATES CSRV ENGINES CAN NOW OPERATE ON GASEOUS HYDROGEN (H2) AND LIQUID HYDROGEN
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April 03, 2019 07:00 ET | Source: Coates International
PATENT PROTECTION WILL BE APPLIED FOR BEFORE THE TECHNOLOGY IS DIVULGED TO OUR INTERESTED CUSTOMERS
Wall Township, NJ, April 03, 2019 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK: COTE) (the “Company”) Management is pleased with the progress of its Hydrogen H2 technology. Company President and CEO, Mr. George J. Coates, comments: “This new breakthrough technology is a great asset to our company as the Coates CSRV® engines are believed to be the only power units in the world that can operate safely on Gaseous Hydrogen H2. The engines can also operate on liquid Hydrogen. Gaseous Hydrogen H2 is extremely volatile and static electricity from a woolen sweater or from someone’s hair could cause an explosion. Here at the Coates companies, we have solved these problems with our new Hydrogen technology.”
There can be no assurance that the Company will be successful in any of its endeavors.