I must the only bull left in the house here. This stock is way oversold now.
Great news out today and some chart artist posts a low volume sale for a 10% price drop at the close (after 90% of the days volume was at the ask). Today we got word that the CEO is traveling to China with a client from a Pharmaceutical company to look at the working hydrogen generator in China because they are interested in buying one. If they were not serious, why go to China to see it?
Recently we had a PR that their new TTEG engine patent WAS issued in China! WE have IP now, in CHINA now!!!
08/18/11 -- Turbine Truck Engines, Inc. ("TTE") is pleased to announce today that Robert L. Scragg, the inventor of the Detonation Cycle Gas Turbine (DCGT) engine and founder of Alpha Engines Corporation, has received "Notification of Granting a Patent Right" by the PRC State Intellectual Property Office. Alpha Engines anticipates the issuance of the Patent Certificate and to receive it in the coming days. The translation and filing of the application was undertaken by the Chinese associates of Maryland based Patent Attorneys, Shoemaker and Mattare.
Michael Rouse, the President and CEO of TTE, commented, "The issuance of this patent provides the intellectual property protection needed. It will also allow our strategic alliance partners to have easier access to government capital as we pursue the commercialization of the DCGT in the various provinces of China. We are excited about the potential impact of this green technology and the support we can provide to their country as they make great strides to reduce harmful emissions and greenhouse gasses in the future."
08/30/11 -- Turbine Truck Engines, Inc. ("TTE") is extremely pleased to announce that the company has signed a Letter of Intent with Megrant Corporation of New York. Highlights of the Joint Venture LOI indicate that the two companies wish to organize a company specific to the manufacturing, marketing and installation of TTE's on-demand hydrogen (H2) generator technology. Other details reveal that the two entities will formalize their intentions by signing a Joint Venture Contract Agreement within 90 days of the signing of the LOI or within 30 days subsequent to the completion of a satisfactory due diligence examination, whichever comes first.
Mr. Sam Mirian, President of Megrant Corporation said, "We anticipate a positive outcome from our due diligence assessment of Turbine Truck Engines . The TTE hydrogen generator represents a perfect solution for customers seeking a green energy solution for power generation."
"This Joint Venture promises to be a benchmark opportunity for both our companies," commented Mr. Michael Rouse, Turbine Truck Engines' CEO. "Megrant has forged strong ties within the American power industry, which will ultimately benefit from our hydrogen generator technology," he added.
Megrant Corporation (www.megrant.com) has been in existence since 1985, providing mechanical construction solutions for a wide variety of applications pursuant to the power industry, municipality, and government affiliated programs. The corporation has performed contracts for such entities as ConEdison, the New York Power Authority, the Port Authority of New York and New Jersey, the State Universities of New York, and Tishman Construction. Megrant employs a staff of engineers and field technicians, whose combined experience enables them to effectively and efficiently manage the design, implementation, and execution of technically complicated projects. Megrant is a private corporation which has exhibited annual growth of over 200% for the last two consecutive fiscal years. President Mr. Sam Mirian has over 45+ years experience in the utility and power industry as a boilermaker supervisor, project engineer, and executive; his involvement continues with a position on the Board of Governors of the New York City Building Trade and numerous professional affiliations, including the Boilermakers' Association of Greater New York. Megrant Corp is a member of the American Society of Mechanical Engineers and, along with Mr. Mirian, has achieved a Lifetime membership to this Association. The company continues to thrive in a mechanically rich and technologically advanced society, including green energy, high-efficiency energy, and LEED certified building technique. Poised for continued expansion and growth, Megrant's mission is simple -- to provide a quality, cost conscious product that will enrich the lifestyles of our generation and the generations to follow.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
AI
