WALL TOWNSHIP, NJ / ACCESSWIRE / August 28, 2014 / Coates International, Ltd. (OTCQB: COTE) ("The Company"), has engaged an engineering company in PA, USA to manufacture heads for its Industrial Electric Power Natural Gas Coates CSRV Generator Sets. Work is to start immediately. Delivery is anticipated in approximately 12 weeks.
President and CEO, George J Coates, comments, "We have chosen a Pennsylvania based supplier because of the access to a skilled workforce, which is supported by the supplier needs of a number of other industrial manufacturing companies in the area. We intend to manufacture our products here in the USA and in China. Coates' Hi-Tech Engines, Ltd will be responsible for manufacturing in the USA."
- The Company is continuing to make progress with its business plans in China. More information will be forthcoming soon.
- Phase Two on the Coates Hydrogen Reactor Project is also continuing to progress.
There can be no assurance that the Company will be successful in consummating this license agreement.
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 websitemaintained by the SEC at http://www.sec.gov.
Coates International, Ltd.
SOURCE: Coates International, Ltd.