Coates International, Ltd. Announces Cummins Power Is to Deliver the First Two Electric Power Generator Sets This Week -- One 45KW 5.9 Liter In-Line 6-Cylinder Natural Gas Unit and One 35KW 3.3 Liter 4-Cylinder Diesel Unit
WALL TOWNSHIP, NJ--(Marketwired - Oct 19, 2015) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that Cummins Power Systems, LLC ("Cummins") is to deliver the first two electric power generator sets this week -- one 45KW 5.9 liter in-line 6-cylinder natural gas unit and one 35KW 3.3 liter 4-cylinder diesel unit. These units will be disassembled and retrofitted with the Coates CSRV System and adapted to the Coates Sequential Dual Fuel System to operate on Natural Gas or Propane combined with Diesel. The Coates systems are believed to be the most advanced in the world. Once retrofitted, the Company intends to place orders for a high volume of these units to fill firm orders already received.
Company President and CEO, George J. Coates, comments: "The Company now has $142 million in firm orders and delivery date commitments can now be made. We will now be procuring manufactured assemblies from Cummins which will include prefabricated skids, engine blocks, generators and radiators. Coates will complete the manufacturing with pistons, CSRV heads and dual fuel systems. This will enable the Company to ramp-up production in the USA.
"The Cummins assemblies, as delivered, will only have stand-by generator capabilities. After Coates completes the retrofit of the units with the CSRV system and pistons, etc., they will be suitable for continuous synchronous operation."
"Cummins will also deliver to the Company headquarters a 250KW industrial natural gas generator set in November that will be retrofitted with the Coates CSRV system. We have many companies working with us to manufacture large quantities of these CSRV products for the demand of the world markets."
There can be no assurance that the Company will be successful in any of its endeavors.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
(October 19, 2015 - 10:40 AM EDT)
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