Truck Engine burning ANY fuel gets closer
to proving it's viability in tests proceeding on the current 540 horsepower prototype.
This engine could be the exciting future of heavy transport, burning any petro or bio-fuel, including ethanol and hydrogen, 30% more efficiently than anything on the road today.
Rpms in initial tests and continuing modifications on the protype get closer to optimal levels which should insure the success of this exciting disruptive technology.
The first installment of a major financing arrangement could become liquid soon, giving the company all the dough it needs to continue, and completely changing the power play around what I expect to be stiff competition to control or buy out this technology.
See turbinetruckengines.com
Here's a more long winded exposition I've been passing around this holiday weekend. Enjoy (the weekend, at least, if not the idea of the efficient green fuel-burning heavy transport engine iof the future)!
Turbine Truck Engine's (TTEG.OB) detonation chamber gas turbine engine (DCGT) gets closer every day to filling a critical niche for sustainable world economies. This engine will burn ANY petro or bio-fuel, perhaps 30 % more efficiently than any engine out there. This efficiency will only be increased by other electric hybrid assist "solutions" being evolved like that touted by the Peterbilt, Eaton, Wal-Mart group.
Developments with the current 540HP version of the engine, stock trading, and the company's business plan (including an impending major finance package) could make this an ideal time to take a calculated risk with a bid for stock at current bottomed flatling share price levels.
Now more than ever the company is ready to execute testing and development of multiple prototypes of it's most efficient engine, which will have other applications, including oil field pipeline pumping, electric power generation, and use in various military and heavy equipment vehicles.
Remaining knowledgeable and brave investors are those who won't be fooled by any more market maker tactics, and only feel sorry for those who may occasionally dump their shares out of irrational fear and doubt.
Everything is looking very good, IMO, with both testing/modification on the current 540HP prototype, and with company management/finance.
See pictures of the current prototype and read about how it works on the company's website. Notice the three "modules" of the engine each composed of one blower (the three blue units on top), two 15" turbine wheels, and four detonation chambers.
Recent test runs on the first module were very good, close to the optimal rpms which will 100% insure unprecedented performance and the flourishing success of this engine! The level that has been already achieved in the early adjustments on this very first high HP engine prototype would still make it a competitive alternative, IMO.
After some more modifications on the first module to improve its performance from good to excellent, the same changes will be implemented on the other two and all three will be linked to enable the most exciting full engine tests.
On the financial side, I believe the company has been making preparations for and getting close to receiving the first installment of the $5 million financing. This will change the power play and interest in the stock and I think the share price will be pushed up and well supported by an ever widening class of investors who will be swarming around this disruptive technology.
The lenders themselves will want the share price to go up and may use their connections to promote and support it. They have the option to convert the debt to stock, at 70% of the share price, but not until two years down the road. The company could exercise the option to allow them to convert sooner, but it would only be in there interest to do so when the share price reaches 3 bucks or more!
As positive testing evolves and the retail stampede could drive the share price over two dollars very quickly, the company will also be in a position to issue stock in public offerings and private placements at much higher prices than present levels. The money raised could both go to pay down the financing debt and/or fund manufacturing and such.
It's my belief before all this goes too far, little TTEG will be scooped up.
While investors should profit handsomely, let's hope this much needed technology never gets "shelved."
