Maybe not five years from now... maybe this year. There is talk of a possible joint venture between Cummins Power and Coates International Ltd, maker of the CSRV rotating valve system that replaces the poppet valves and over 100 other parts, is far more economical and less polluting. Coates will have to get their engines from somewhere. This could result in a Cummins windfall.
Coates press release:
Wall Township, NJ – (Marketwired – February 2, 2015) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is pleased to announce that Executives from Cummins visited the Coates headquarters in New Jersey on Thursday, January 28, 2016, where they observed a number of Coates CSRV engines and generator sets in operation on natural gas, diesel and propane. They also took the opportunity to inspect the progress of the project to retrofit a Cummins 250 KW generator that was delivered to the Coates headquarters one month ago. Progress is being made with retrofitting the CSRV system to this unit. When completed, it will operate on natural gas or propane combined with diesel fuel. The gen set was for emergency or standby operations. When retrofitted with the Coates CSRV system it will be suitable for primetime operations.
In attendance at the meeting were Mr. Robert J. Volkman, Executive Director, Cummins Bridgeway LLC, Mr. Brian Cathcart, Territory Manager, Power Products, Cummins Power Generation and Mr. John Zamarra, General Manager, Power Generation Sales, Cummins Power Systems, LLC.
