WALL TOWNSHIP, NJ--(Marketwired - May 16, 2013) - Coates International, Ltd. (the "Company") (NASDAQ OTCBB: COTE). George J. Coates has completed the design and manufacturing of water splitting hydrogen production machine. Successful tests have been undertaken over the past two weeks. The water splitting machine will now be coupled to an industrial electric power generator and tested under various conditions such as load and emissions.
Mr. Coates states: "Hydrogen does not have any lubricating properties and it not suitable for poppet valve engines and will shorten the life of such engines. On the other hand the Coates CSRV engines will operate on hydrogen with no adverse effects."
This new breakthrough may be something that America needs now. For home power and industrial applications many interested entities have shown serious interest in this new breakthrough.
There can be no assurance that the Company will be successful in 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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