The official Coates International NEWS WEB SITE.
Chinese Multi Million Dollar Order Confirmed (August 13th 09) PDF Print E-mail
  
The coates rotary valve system makes possible and is the most suitable for all of the following:

Small Combustion Engines - Low emission Engines - High thermal efficient Engines - Low fuel consumption engines - High rpm engines - High performance engines - Internal combustion engines - Racing engines - Midget Racing engines - Drag racing engines - Marine engines - Boat engines - Hot Rod engines - Industrial engines - Truck engines - Large industrial engines,

COATES NEWS........... Multiple updates.......... Please scroll down and use the links provided for other recent article publications..... Thank you.

Coates International, Ltd. Receives Confirmation of a Multi-Million Dollar Firm Order for Its Industrial CSRV Electric Power Natural Gas (CNG) Generators for Delivery to China

WALL TOWNSHIP, N.J., Aug. 13 /PRNewswire-FirstCall/ -- (Coates International, Ltd. (OTC Bulletin Board: COTE) - Coates International, Ltd. (The "Company") has received confirmation that Well to Wire Energy, Inc. of Canada has received a firm order for 200 CSRV Industrial Natural Gas (CNG) Electric Power Coates Generators for delivery to China. The executed contractual firm order requires a 50% up front deposit. That will be paid directly to the company and upon shipping the balance shall be paid in full. Shipment must start within 120 days from receipt of the 50% deposit.

Coates International, Ltd. President, George J. Coates, stated that the company has a firm standing order from WWE for 7,644 of these Industrial CSRV Natural Gas (CNG) Generators. However, we are pleased to be one of the very few American companies that are actually starting to export USA made products to the Far East.

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Well to Wire - 5 Million USD paid. (Aug 4, 2009) PDF Print E-mail
  
Friday, 21 August 2009 15:01

COATES INTERNATIONAL LTD. RECEIVES PAYMENT FROM WELL TO WIRE ENERGY, LTD OF CANADA TOTALING MORE THAN $5 MILLION USD

Tuesday, August 4, 2009 - For Immediate Release

WALL TOWNSHIP, N.J. – (Market Wire) – Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd.  (the “Company”) received a company check from Well to Wire Energy, Ltd. of Canada in the amount of $1,000,000.00 USD, bringing the total  non-refundable payments paid to the company to date of $5,100,000 USD, leaving a balance due to the company of $5,900,000. These payments eliminate the risk to Well to Wire Energy of loosing there exclusive license. There still remains a $49,000,000 USD to be paid to the company on the Exclusive USA License payments scheduled over the next five years.

Company President and CEO, George J. Coates commented  that securing the exclusivity of their licenses for CSRV Industrial electrical power generator applications is vitally  important for the progress and success of Well to Wire Energy. The company expects to ship Natural Gas Industrial electric power generator systems to Well to Wire Energy soon.

Last Updated ( Friday, 21 August 2009 15:18 )
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Defence Contractors visit plant.(July 28, 2009) PDF Print E-mail
  
Friday, 21 August 2009 14:59

ATK A PREMIER AMERICAN DEFENSE CONTRACTOR’S GROUP VISITS COATES INTERNATIONAL, LTD. HEADQUARTERS IN WALL TWP., NJ.

Tuesday, July 28, 2009 - For Immediate Release

WALL TOWNSHIP, N.J. – (PR Newswire) – Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd.  (the “Company”) on June 8th a group of engineers from ATK tactical propulsion and controls an aerospace, defense company visited the company’s headquarters. Leading the group was

  • Jason S Tyll, Phd., Deputy Director of advanced programs.
  • Dan Guinan, Senior Design Engineer.
  • Chris Gettinger, Manager GASL propulsion and performance.
  • Brian Magaha, Analytical Engineer ATK GASL.
  • Boifacio Calayag, senior program manager.
  • Stephen A Beckel, Director advanced systems, business development.
Last Updated ( Friday, 21 August 2009 15:18 )
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Top Chinese Professors Visit Coates (July 21, 2009) PDF Print E-mail
  
Friday, 21 August 2009 14:58

TOP CHINESE PROFESSORS AND ENGINEERS TO VISIT COATES ON THE 3RD OF AUGUST 2009

Tuesday, July 21, 2009 - For Immediate Release

WALL TOWNSHIP, N.J. – (PR Newswire) – Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd.  (the “Company”) is pleased to announce that a delegation of Chinese professors and engineers from Shanghai, China have arranged to visit the Coates International, Ltd. Headquarters in Wall Twp., NJ USA on August 3rd where they will review a number of Coates CSRV engines and electric power generators operating and running under full load. Utilizing natural gas, CNG, propane, and a combination of CNG and diesel combined including gasoline engines operating in vehicles.

Last Updated ( Friday, 21 August 2009 15:18 )
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Head Quarters repurchased (June 17th 09) PDF Print E-mail
  
Friday, 21 August 2009 14:56

COATES INTERNATIONAL, LTD. ANNOUNCES REPURCHASE OF ITS HEADQUARTERS AND RESEARCH AND DEVELOPMENT PROPERTY

Wednesday, June 17, 2009 - For Immediate Release

WALL TOWNSHIP, N.J. – (PR Newswire) – Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd.  (the “Company”) is very pleased to announce that it closed on the repurchase of the property in Wall Township, NJ which has served as its headquarters and research and development facility. The purchase price of approximately $2,137,000 was partially funded by a $1,750,000 mortgage loan. The Company originally sold the property in 2005 for $4.2 million. The severe downturn in the real estate market created a unique opportunity, which the Company capitalized on, to buy it back for a little more than half of what it sold for in 2005. Barry C. Kaye, CFO stated “I am extremely pleased that the Company was able to reacquire this property while at the same time being able to realize actual monthly cash savings in excess of $21,500 going forward. These savings will be achieved because the Company is relieved of its obligation for the monthly rent payments of $32,500 for the remaining term of its operating lease, which effectively terminated when the Company again became the owner of the property. The annual savings of approximately $259,000 represents 20% of the Company’s total general and administrative expenses incurred for the year ended December 31, 2008. The effective termination of the operating lease also enables the Company to recognize the remaining unamortized balance of the deferred gain of approximately $895,000 from the original sale of the property in 2005.”

Last Updated ( Friday, 21 August 2009 15:18 )
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