WALL TOWNSHIP, NJ--(Marketwired - Nov 7, 2013) - Coates International, Ltd. ("the Company") (
However, the Coates manufacturing and mass production operations are being established in main land China. As the Chinese Government is in the deal Coates International, Ltd. will own approximately 49% of Coates Engine China, Ltd.
Mr. James Pang, our exclusive liaison agent, is currently in China overseeing and managing the deal. The Company is working on a CSRV® engine for delivery to China for testing and demonstration for the Chinese Government. The engine that is being made ready is a v-twin 1600cc air-cooled engine or complete Coates motorcycle. In 1995 this CSRV® engine surpassed the EPA emission standards by approximately 50% in road and chassis roller dynamometer tests. The Coates CSRV® motorcycles reached speeds of 137 MPH with plenty of throttle left for higher speeds. The CSRV® systems large and small are all the same technology and the smaller v-twin CSRV® engine is less expensive and will take less time to prepare for shipping to China.
To view original test data please visit our website www.coatesengine.com.
There can be no assurance that the Company will be successful in any of the above 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 http://www.sec.gov.
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