WALL TOWNSHIP, N.J., Dec. 2, 2010 /PRNewswire/ -- Coates International, Ltd. (OTC Bulletin Board: COTE) (the "Company") is pleased to announce that the Coates Industrial CSRV Electric Power Natural Gas Generator arrived in Alberta, Canada.
We received confirmation from the President and CEO of Almont Energy, Mr. MJ "Monty" Ravlich. Quote, "It is with great pleasure that I write to say that the first Coates CSRV Electric Power engine generator has arrived in Calgary as of November 26, 2010, our business has commenced with the arrival of this Coates Power System."
Coates management and staff are working diligently to produce and ship more systems to Canada.
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 operate on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is engaged in building the initial production version of its CSRV power units for shipment.
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. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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
SOURCE Coates International, Ltd.