Wednesday - September 20, 2017
COATES INTERNATIONAL, LTD. WAS NOTIFIED ON SEPTEMBER 19, 2017, THAT THE SAN FELIP MEXICO PROJECT HAS BEEN TAKEN OVER BY H2 GENERACION LLC, A DELAWARE CORPORATION
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THIS IS A $412,000,000 40 M.W. HYDROGEN REFINERY PROJECT UTILIZING THE COATES CSRV® H2 ENGINES AND ELECTRIC POWER GENERATORS MANUFACTURED BY COATES AND CUMMINS
WALL TOWNSHIP, N.J., Sept. 20, 2017 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) was notified on September 19, 2017, that the San Felipe Mexico 40 M.W. project has been taken over by H2 Generacion LLC, a Delaware company. Project funding by a global business green energy group.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: “This project is similar to the clean green energy project in Alpha, New Jersey but much bigger. We have been working incognito with each project. Here at the Coates headquarters, we have been continuously working on hydrogen products and new technology of which cannot be divulged at this time until patent protection is in place. Only certain people are allowed on the premises while this work is in progress. Many new patents will be applied for. This new H2 hydrogen technology, with the Coates CSRV® system, we believe, will be world renowned; the cleanest green inexhaustible power ever produced from rays of the sun producing H2 hydrogen fuel that will be utilized to operate the clean green Coates CSRV® electric power industrial generators and transport vehicles and compressors.
“These companies that have taken over these projects in the USA and Mexico have applied to Coates to acquire a license to use and sell the Coates products.
“The Company has revoked the license from Secure Supply LLC for non-compliance under the Agreement.
“These unique and first of their kind projects in the world will benefit every living creature on earth and help prevent global warming by reducing the production of harmful emissions released into our atmosphere such as (HC), (CO), (NOX). Our clean green unique products will spread worldwide.”
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 www.sec.gov.
Contact Information:
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
www.coatesengine.com
www.mostadvancedengine.com
