Coates International, Ltd. Secure Exclusive License with Secure Supplies Mexico LLC and Secure Supplies USA LLC
December 15, 2016 at 12:00 pm
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Coates International, Ltd. has executed an exclusive license with Secure Supplies Mexico LLC and Secure Supplies USA LLC of Coates CSRV electric power hydrogen generator sets and engines for distribution, use, sale and lease in North America. An initial deposit of ($1,000,000) is to be paid within 10 to 20 days, after which licensee has acknowledged its intent to fund a 50% deposit by the end of January 2017, amounting to $30,000,000 for the first 60 One MW Generator Sets.
Coates International, Ltd. is engaged in developing the Coates Spherical Rotary Valve (CSRV) system technology, which is adaptable for use in piston-driven internal combustion engines of various types. The Company's CSRV Engines produce only ultra-low levels of harmful emissions while in operation. Engines operating on the CSRV system technology can be powered by a selection of fuels. The CSRV system is designed to replace the intake and exhaust conventional poppet valves used in almost all piston-driven stationary, automotive, motorcycle and marine engines. Unlike conventional valves, which protrude into the engine combustion chamber, the Coates rotary valve system utilizes spherical valves that rotate in a cavity formed between an over two-piece cylinder head. The Coates rotary valve system uses approximately 1/10th the moving parts of conventional poppet valve assemblies. The Company has adapted its technology to industrial engines to power electric generators.
COATES INTERNATIONAL, LTD. 
