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Watershed Event for Turbine Truck Engines, Inc.
2010-03-02 08:00 ET - News Release
DELAND, FL -- (MARKET WIRE) -- 03/02/10
Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG) -- In November 2009, TTE engaged the Gas Turbine Laboratory (GTL), a research arm of internationally renowned Embry-Riddle Aeronautical University, to test TTE's Detonation Cycle Gas Turbine (DCGT) engine and determine its viability as a power generating device. The company has recently received the results of those tests and is pleased to announce the GTL's finding that the engine is capable of producing "considerable power." This finding provides third party verification of TTE's long-held belief that the engine has the potential to be a breakthrough technology in the transportation and power generation sectors for the next 30-40 years.
TTE's President and CEO, Michael Rouse, commented, "This is a watershed event for the company. Since our inception, we have worked with limited resources to diligently manage the development process in a way that would produce maximum value when the engine's potential was verified. We have done that and I am proud of the efforts of every person who has been a part of the process."
During the last eighteen months, Mr. Rouse has initiated and developed significant business relationships in China where interest in the technology is keen. Mr. Rouse anticipates returning to China in March to solidify this interest and commitments to rapid development and deployment of the technology.
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture and testing of its New Energy and Environmentally Efficient Truck Engine intended for mass market distribution in the United States and abroad. The new engine can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs little or no coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services, and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
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Turbine Truck Engines, Inc.
DeLand, Florida
Sandy Gregory
TEL: 386-943-8358
FAX: 386-943-6232
SGregory@ttengines.com
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