This was posted on Scott Trade:
Cummins Delivers the First V12 QST30-G4 Industrial Engine to Coates International, Ltd. Headquarters and Plant in New Jersey to be Retrofitted With the Coates Patented CSRV System to Operate on Gaseous Hydrogen for a Solar Energy Company, Secure Supplies USA LLC With Projects in New Jersey, California, Mexico and Other Locations
Tuesday 03/21/2017 07:36 AM ET - GlobeNewsWire via Dow Jones News
Coates must have had enough money to buy the engine. Now it appears he will develop the larger valve system to accommodate the hydrogen requirements for the solar-to-hydrogen system developed by Secure Supplies.
Back in the dark ages of 64k personal computers many entrepreneurs sold VaporWare. Meaning they would advertise a computer program they had not written yet and take orders for it and when the cash came in they would hire programmers and write the program. There was a great deal of criticism toward these people, but a lot of them delivered and got rich doing it.
From what I see the marketing concept of Secure Supplies is a similar format. Production of a stand alone generating system that frees the user from the Grid would save internal energy costs and the additional possibility of selling both excess power and excess hydrogen as a supplier look intriguing. It looks like Coates is now relying on this model succeeding and generating orders for the Coates System as part of the package. At this time what COTE owners should be analyzing is the viability of the Secure Supplies system and whether they have a reasonable chance to promote their system and attain installation contracts. Do they really have contracts in hand to begin installations? If they have really developed a reliable and economical system to do what they are claiming it could be a game changer. Imagine a large urban hospital or a university that could take itself off the grid. Big money. I am not an engineer or a scientist. Does anyone out there have the expertise to evaluate Secure Supplies claims?
