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NEWS Advanced Hydrogen Power, Ltd. and Coates International, Ltd. Have Completed the First Production Quality, Hydrogen Reactor at Their R&D Headquarters. Initial Performance Testing Fully Met the Companies’ Expectations.
Wall Township, NJ, March 01, 2023 (GLOBE NEWSWIRE) -- Coates International, Ltd. and Advanced Hydrogen Power, Ltd. have completed the development, design and engineering of their first production quality Hydrogen (H2) Reactor. This Coates production Hydrogen (H2) Reactor is suitable to be coupled with their 100 K.W., 150 K.W., 200 K.W. and 250 K.W CSRV® Electric Power Industrial Generator-Sets. Operation of the Coates (H2) Reactor only consumes a little less than 1% of the power produced by the CSRV® Industrial Generator-Sets. Performance testing to date has achieved all of our goals for this product. Management is enthusiastic with the companies’ progress to achieve this milestone and planning for production operations is now underway.
Company President and CEO, Mr. George J. Coates, EE ME, and his son, Vice President, Gregory G. Coates, ME, are the inventors of these new most advanced green technologies. Mr. George J. Coates comments: “We have been working six and seven days a week for many years and now we have succeeded with creating one of the most Advanced Green Hydrogen (H2) and CSRV® Technologies in the world. No other company in the world has this green technology. Many new patents will be filed with the US Patent Office and around the world. We are now ready to start production operations. We have received various offers of interest to establish production in other countries and locations. However, management is considering all viable, available options. Producing Electric Power from plain water or sea water is a major step forward in solving many global problems. This is the ultimate green technology that will benefit all.”
Yes, the right word is Mystery. it is a hard thing to comprehend 31 years of work with no sales. All the PR's with promising avenues of revenue. I wonder if China is still involved.
thanks for the update on that.
glad he called back.
I cannot believe that he still has that Wall twp plant open since 1991...
it is one of the greatest mysteries of our time- not a product sold and still open 31 years later.
Barry Kaye did call back. Left me a message saying they are working on a number of things but of couse wasn't allowed to share any more deatailed information. I called back a few days later and asked (left voice mail)if it was the financing that was the main sthing being worked on but I he hasn't responded. Wish that I hadn't missed his call back and therefore missed the opportunity to possibly dig a little deepter.
I called them last week and a lady answered (very professional). Said she would forward my inquiry to Barry Kaye (Controller/Finance Officer) and he would give me a call. Haven't got that call back.
Ah Ha! So the Old Coate is at it again!
Another use for the amount called 'billions'.
Does anyone know if there is to be any stock offering?
Fortunately all my shares were well used as a tax write off years ago and it could not have been more timely.
The mechanics are still more than relevant for the engine (don't know about the H2 generator stuff efficacy) and the market is there to be had especially in the large commercial marine market.
Any scuttlebutt you folks have would be worth me chasing down. I am up for putting a few discretionary bucks in again just for yuks.
Saying hi to all who read this and good luck and best of health to all. George M
Well this is a nice surprise. Not the Coates thing, the I see everyone's names from the past thing. So, lets imagine the company is listed again. Does this mean our shares that were worthless under symbol 190643304 become tradeable again? Please enlighten me.
As of the amount of $7 Billion, reminds me of that part in Austin Powers where Dr Evil was asking for 100 billion dollars.
ouch, that was my birthday
The reverse split was done May 27, 2022. We may hear more on what is going on between now and September. Maybe they can now raise some capital (Private Placements or debt now that the Capital structure is more reasonable) to build more production capacity and fill the so called $7B in orders. Could be wishful thinking but we shall see. See a tiny light at the end of the tunnel.
(Globe Newswire – February 24, 2022: Coates International, Ltd. (COTE) and Advanced Hydrogen Power, Ltd. (the “Companies”) have received firm orders amounting to $7,125,000,000 USD for their CSRV® Hydrogen (H2) Electric Power Industrial Generators including the H2 Reactors. These units are coupled together as one power unit. The R&D on these new technologies is complete. [b]The first production models are being built now.. I would sure like to know if "are being built now" is verifiable. That was February 2022. Is it possible they have done a reverse merger with Advanced Hydrogen Power? Link to nice Website https://h2powergen.com/company-news
I do see the splt in my Schwab account but no processing fees.
I didnt even know they did an R/S till now. The number shown is CUSIP 190643304
just got your message but I see it was answered.
This tech is not proven and there have been no real deals yet, No Way on the 7 billion dollar deal, There was never even a follow up on the previous 100 million dollar deal and there are never any other companies mentioned, 99.9 percent lie.
Appreciate you taking the time to post that link, wow, that's a pretty impressive number they're talking about related to the orders! We just might have something going here, could get interesting!!
Again, thanks and have a great weekend!
I've read on this board where people have mentioned this 7 billion dollar deal but I can't seem to find that PR anywhere. If you could point myself in the right direction I wouldn't mind taking a look at it, thanks!
I agree something must be happening but if Mr coates is scamming again, he should learn a better way, LOL. 7 billion dollar deal? NO WAY!! He should make his bogus press releases more believable, imo
I checked and had no fee related to the R/S, not even a single penny. I figured there would be a penny or two charged because they do that on all my option trades, $.65 commission and .03 fee on every GOOGL option that I trade which is about 6-8 trades per day. I trade BA options also quite often and they charge me $1.30 commission and a .07 fee, go figure, in the money BA options are way cheaper than in the money GOOGL options but they charge twice the amount for a commission on the BA trades. I figure that may be because of the exchange where they trade, don't have a clue to be honest. I really don't pay much attention because it's virtually nothing that they charge. Back maybe 15 years ago, 20 for sure, I can remember paying $1,500 up to $3,500 commission for a single trade where as today, that same trade would be like 65 cents, wow, how times have changed!
I agree that something must be up, they didn't do a R/S for a bunch of shares that were just sitting there for them to continue to sit there doing nothing, makes no sense. I kind of like your NASDAQ theory but that's probably just wishful thinking! it's possible so I wouldn't right that theory completely off. I would guess that at the end of the day .22 to .25/sh looks more appealing related to a real company rather than .0003 or .0004/sh! Another valid reason is to reduce the tradable float, the share price can be moves much easier if there's say 50 million shares versus 1.5 billion shares, 50 mil can be traded in 1 day, in other words the entire float can be flipped in a single day!
Good luck to us all.....................!!
I also had a small fee on Etrade and merrill..
he filed the split on the nevada silver flume corporate site.
the good news is that he had zero reason to do this unless he has a plan for the resurrection in the near future.
IMO if he did it his plans are for straight to the Nasdaq.
would need a miracle for that to happen (major deal signed/financing and underwriting by major firms)
so $3-5 per share to max of $10 in this "miracle world.."
I am still counting this as a zero but have not taken the tax loss.
$30 ameritrade
Anyone else incur a fee for the r/s? 38.00 fee from etrade
Still showing a cusip # and not a symbol, at least that's what my acct is displaying. When a symbol appears that's when we'll know that were about to begin trading again! Could be trading around .02 to .03/sh if and when it begins trading. Could be a whole lot more if that article indicating they've signed a 7 billion dollar contract is valid. I haven't read the article but when the scam is on, the usual language is something like this, "we've signed a letter of intent with so and so for X amount of money"! It's always worded as a letter of intent which is of course non binding and therefore very difficult to advance any type of lawsuit in any court of law.
250 to 1 split in my acct also. Hopefully this is a good omen.
Looks like a 250 to 1 reverse split. If they weren't going to start selling shares I doubt they would've went through with this reverse split.
They reverse split the shares it my account this last Friday, the 27th, has to be something going on!
Well the hours it would take to report it would definitely be a waste of time, I have been down that road and I would rather just lose my investment. I knew going in it was risky and while I dont mind seeing companies fail I hate blatant scams. Really a 7 billion dollar order, Lmao Glty The ceo is a POS
We shall see . You never know. Report it to the SEC if you are that sure it is not real and a scam. Keep in mind, it could be real but it may never be able to fill the orders for a number of reasons and stock will remain worthless. I am not optimistic at all.
they're not real, just like the last several press releases. I'm just not sure why this goof is still trying to fool people since the stock doesn't even trade.
If the $7B orders is real, the financing and a production JV should be easy to arrange.
Sorry, the news on the website was not as new as I thought, it was the Feb 22 news
A street view of the new jersey location from march 2022 shows the coates sign still by the road and 7 cars in the parking lot
This is strange, he obviously is not trying to sell shares. There is new news on the coates website. I guess the big question is are our shares any good any more? probably not.
IF[color=red][/color] all is true, I think there will be some news in the June-September time frame . Just a guess. If they can get financing is the key here.
If he comes back on NASDAQ (highly doubt it) and leaves the shareholders of Cote behind, we should get together and start legal action against the new company, his associates and himself. We shouldn't just let him lay into a nice, comfy new bed without us.
Let's think for a moment: what kind of companies do business over $7B??? Are they the kind like Cote? =)
Truth and justice brother.
How old is this cat now? 105? Can he still even paint?
I am out here on the left coast. What would be great if some of the shareholders in the NJ and east coast area arrange a visit to Coates facility to see if they are really in production as claimed in the PR. And, report back to the board.
I have missed you Hulk.
maybe making a comeback?
It is a big if..
the PP is for like pennies..10 mill is like a mcd happy meal nowadays.
it isnt much but I really think they are looking at something much much larger. like a major firm to back and take them public.
at least that is what he may be attempting.
maybe send a email or phone them and see if you get a response.
assist@coatesengine.com
report back...
The other big question is, if it the PP is successful and they are able to fulfill the orders, how much will Coates International shareholders benefit from it. how will the relationship between the two companies be structured?
In one breath he says they are in production and in another it seems they need the equity deal to be in production.
"Advanced Hydrogen Power, Ltd. is undertaking a Private Placement Offering to provide working capital of up to $10 million, which is intended to be used to: (i) fund startup activities, which include completion of research and development of the H2 Reactor, obtaining patent protection in numerous locations throughout the world, as deemed appropriate, procuring manufacturing equipment, setting up production lines.................
The first production models are being built now. The 100 K.W., 150 K.W. and 200 K.W. units are expected to start shipping out to customers this year. 1 M.W. units are expected to start shipping out to customers in 2023. We believe that these CSRV® Hydrogen (H2) Industrial Electric Power Generators including the H2 Reactor are the cleanest and lowest emission power units in the world and will help resolve global warming.
seems he has something big lined up via other sources.
I still wouldn't hold your breath. It is all about lining up the equity deal that takes COTE public again. much has to fall in place. ..this time on the NQ
Vegas. Should we hold our breath? Based on previous PR'S we will see whether or no this is partly BS.
News 7 Billion in orders...
COATES INTERNTIONAL, LTD. AND ADVANCED HYDROGEN POWER, LTD. HAVE RECEIVED ORDERS FOR THEIR CSRV® HYDROGEN H2 INDUSTRIAL ELECTRIC POWER GENERATORS AMOUNTING TO $7,125,000,000
Wall Township, NJ – (Globe Newswire – February 24, 2022) For Immediate Release: Coates International, Ltd. (COTE) and Advanced Hydrogen Power, Ltd. (the “Companies”) have received firm orders amounting to $7,125,000,000 USD for their CSRV® Hydrogen (H2) Electric Power Industrial Generators including the H2 Reactors. These units are coupled together as one power unit. The R&D on these new technologies is complete. The first production models are being built now. The 100 K.W., 150 K.W. and 200 K.W. units are expected to start shipping out to customers this year. 1 M.W. units are expected to start shipping out to customers in 2023. We believe that these CSRV® Hydrogen (H2) Industrial Electric Power Generators including the H2 Reactor are the cleanest and lowest emission power units in the world and will help resolve global warming.
Company President and CEO, George J. Coates, EE ME, comments: “A lot of companies are announcing that they are going to do this and that with H2. Here at Coates International, Ltd. we have done it successfully with our CSRV® Engines and Hydrogen Reactors operating successfully in our New Jersey Plant. Now it’s time for our companies to get into full production and get products out to our customers. I would like to point out the fact that Gaseous Hydrogen H2 is an extremely minute atom and will pass through the stem of a standard poppet valve and fill up the engine housing with Gaseous Hydrogen that can explode the engine at any time. This cannot happen with the CSRV® H2 Engines as there are no passages from the CSRV® system into the engine housing so we have the only engines in the world that are safe to operate on Gaseous Hydrogen (H2). Our Sequential H2 Fuel Injection System injects the H2 gas directly into the cylinder. We have designed a proprietary blow back system on our Hydrogen Reactors and our CSRV® Industrial Hydrogen H2 Systems are the safest in the world.”
Company management is in talks with a number of business groups regarding the companies’ expansion into production.
Has anyone seen the great news coming out of Coates today?
I believe George has lots to be proud of! He has stuck with it!
GEORGE J. COATES CEO AND PRESIDENT OF COATES INTERNATIONAL, LTD. HAS BEEN CONTACTED BY MANY PEOPLE REGARDING A NEW YORK TIMES ARTICLE FROM 1994 THAT STATED HE WAS ACCUSED OF FRAUD REGARDING AN EMISSIONS TEST OF ONE OF THEIR VEHICLES. A JUDGE IN THE LOWER DISTRICT OF NEW YORK DEMANDED A FULL EPA TEST OF THE VEHICLE AT AN EPA APPROVED LABORATORY IN LINDEN, NJ. THE TESTS WERE CARRIED OUT AND COMPLETED UNDER FULL LOAD AND VEHICLE PASSED ALL TESTS - (THEN THE CASE WAS DISMISSED).
Here is link: https://www.h2powergen.com/
From Advanced Hydrogen Power Website: (Wonder how this is goikng?)
Advanced Hydrogen Power, Ltd. is undertaking a Private Placement Offering to provide working capital of up to $10 million, which is intended to be used to: (i) fund startup activities, which include completion of research and development of the H2 Reactor, obtaining patent protection in numerous locations throughout the world, as deemed appropriate, procuring manufacturing equipment, setting up production lines, recruiting and training plant workers, assembling our Management Team, structuring a go-to-market strategy and sales force, developing a marketing and branding strategy and implementing an Information Technology infrastructure to support operating and finance systems, among many other related activities; and (ii) continue ongoing research and development for improved and additional applications of our H2 Reactor Technology. The working capital from this Offering will be supplemented by deposits to be received for orders for up to $24.4 million of our H2 Gen Sets.
We believe that if we successfully carry out our short-term business plan, it will fulfill existing orders and generate new working capital from sales and distribution of these orders that will be sufficient to further expand our production capacity to accommodate growth, introduce new products, and expand into additional markets.
100% scam share selling scheme. Can’t believe people still talking about the paint switch lol Jack!
Sounds good. But is there really interest in it? Die on the vine without further news as past? I am in at .008 for several years now watching and hoping.
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