WALL TOWNSHIP, NJ--(MARKET WIRE)--Mar 10, 2009 -- Coates International, Ltd. (OTC BB:COTE.OB - News) announced today that it signed a letter of intent with Marathon Electric Manufacturing Corp. to supply generators and components for production of its Natural Gas Fueled Industrial CSRV Electric Power Generators. Marathon is one of the Regal Beloit Corporation family of companies.
George J. Coates, President and CEO added:
-- We entered into an agreement with Cummins Power Systems (part of Cummins Inc.) to supply Industrial Engine Blocks and components to the Company for our manufacturing activities.
-- We anticipate that we will be sourcing components and manufacturing parts from approximately 40 other suppliers for our initial production ramp-up.
-- We have also approached training centers and colleges in the geographical area where we are currently contemplating establishing our manufacturing operations. These academic institutions have expressed interest in assisting us with the task of training and developing new plant workers which we will be recruiting in anticipation of the commencement of production. Included in a written proposal from state officials that have been actively working to secure our commitment to establish our manufacturing operations within their state is a discussion of available business and tax incentives that would defray a portion of the cost of these training programs. The academic institutions that have expressed such an interest in training and developing our new employees include:
-- Northeast Technology Center (NTC)
-- Northeastern Oklahoma A&M College
-- Northeastern Oklahoma College
The industrial complex we are considering for our initial manufacturing operations consists of an approximately 1,415,000 square foot manufacturing plant and an additional 34 acres which could be used for potential outdoor storage.
Additional information about the Company, including photos and videos are available at our Coates News website, www.mostadvancedengine.com. Readers may also visit our corporate website at www.coatesengine.com.
About Coates International, Ltd.: Coates has been developing, over a period of more than 15 years, a patented spherical rotary valve CSRV Internal Combustion Engine, invented by George J. Coates and his son Gregory. The CSRV system is adaptable to combustion engines of many types. This technology is currently adapted to a number of practical applications, including industrial generators powered by engines incorporating the CSRV technology and designed to run on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is actively engaged in preparing for the commencement of manufacturing of products for this technology.
Tuesday, March 10, 2009
(WTWO.pk) -- W2 Energy Inc. Establishes Think Solar USA
TORONTO--(MARKET WIRE)--Mar 9, 2009 -- W2 Energy Inc. (Other OTC:WTWO.PK - News) announces that as of March 1, 2009, it has established a wholly owned subsidiary, Think Solar USA, which will be designing, building, selling and deploying solar-based electricity and process heat systems throughout the continent.
"W2 Energy is first and foremost a renewable energy company, and there is no energy more renewable than solar energy," says Mike McLaren, CEO of W2 Energy. "Having Think Solar USA as a part of W2 Energy enhances our company and our brand."
David Freund, the President of Think Solar USA, also serves as the Vice-President of Business Development for W2 Energy.
"W2 Energy was looking to make solar-based steam for our biomass-to-energy plants. We were also building our Steam Ray engine to convert steam from our plants into electricity," says Mr. Freund, President of Think Solar USA. "We realized that we could make steam with concentrated solar energy and feed it directly into the Steam Ray, without first going into a biomass-to-energy plant. That's when Think Solar USA was born."
Think Solar USA is developing several proprietary technologies in order to efficiently turn solar power into electricity and process heat. They are developing the SunCatcher line of parabolic solar collectors and heat exchangers to turn solar heat into steam, and also the Steam Ray line or rotary steam engines for turning that steam into electricity.
"We have some cutting edge technology at Think Solar USA," says Freund. "At a time when the United States and the world needs green energy and green jobs, we think our company will be a big part of the overall energy and economic solution."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
About Think Solar USA, Inc.
Think Solar USA develops, builds, sells and deploys solar energy technologies worldwide. Think Solar USA uses SunCatcher brand solar collectors, heat exchangers and steam generators, and Steam Ray brand rotary steam engines, to generate steam, process heat and electricity from solar energy.
"W2 Energy is first and foremost a renewable energy company, and there is no energy more renewable than solar energy," says Mike McLaren, CEO of W2 Energy. "Having Think Solar USA as a part of W2 Energy enhances our company and our brand."
David Freund, the President of Think Solar USA, also serves as the Vice-President of Business Development for W2 Energy.
"W2 Energy was looking to make solar-based steam for our biomass-to-energy plants. We were also building our Steam Ray engine to convert steam from our plants into electricity," says Mr. Freund, President of Think Solar USA. "We realized that we could make steam with concentrated solar energy and feed it directly into the Steam Ray, without first going into a biomass-to-energy plant. That's when Think Solar USA was born."
Think Solar USA is developing several proprietary technologies in order to efficiently turn solar power into electricity and process heat. They are developing the SunCatcher line of parabolic solar collectors and heat exchangers to turn solar heat into steam, and also the Steam Ray line or rotary steam engines for turning that steam into electricity.
"We have some cutting edge technology at Think Solar USA," says Freund. "At a time when the United States and the world needs green energy and green jobs, we think our company will be a big part of the overall energy and economic solution."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
About Think Solar USA, Inc.
Think Solar USA develops, builds, sells and deploys solar energy technologies worldwide. Think Solar USA uses SunCatcher brand solar collectors, heat exchangers and steam generators, and Steam Ray brand rotary steam engines, to generate steam, process heat and electricity from solar energy.
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