COATES INTERNATIONAL, LTD. AND ADVANCED HYDROGEN POWER, LTD. HAVE RECEIVED ORDERS FOR THEIR CSRV® HYDROGEN H2 INDUSTRIAL ELECTRIC POWER GENERATORS AMOUNTING TO $7,125,000,000

Rhea-AI Summary

Coates International, Ltd. (COTE) has received firm orders totaling $7.125 billion for its CSRV® Hydrogen Electric Power Industrial Generators and H₂ Reactors. The research and development phase is complete, with the first production models currently being built. Units with outputs of 100 k.W., 150 k.W., and 200 k.W. are slated for shipment this year, while 1 M.W. units are expected to follow in 2023. The company claims these generators are among the cleanest in the world and aims to tackle global warming.

Positive

• Received firm orders totaling $7.125 billion for CSRV® Hydrogen Electric Power Generators.
• Research and development for the product line is complete.
• First production models are currently being built.
• Expected shipments for smaller units to start this year and larger units next year.

Negative

• No assurance that the company will be successful in its endeavors as indicated in the PR.

Wall Township, NJ , Feb. 24, 2022 (GLOBE NEWSWIRE) -- Coates International, Ltd. (COTE) and Advanced Hydrogen Power, Ltd. (the “Companies”) have received firm orders amounting to $7,125,000,000 USD for there CSRV® Hydrogen (H₂) Electric Power Industrial Generators including the H₂ Reactors.  These units are coupled together as one power unit.  The R&D on these new technologies is complete.  The first production models are being built now.  The 100 K.W., 150 K.W. and 200 K.W. units are expected to start shipping out to customers this year.  1 M.W. units are expected to start shipping out to customers in 2023.  We believe that these CSRV® Hydrogen (H₂) Industrial Electric Power Generators including the H₂ Reactor are the cleanest and lowest emission power units in the world and will help resolve global warming.

Company President and CEO, George J. Coates, EE ME, comments:  “A lot of companies are announcing that they are going to do this and that with H₂.  Here at Coates International, Ltd. we have done it successfully with our CSRV® Engines and Hydrogen Reactors operating successfully in our New Jersey Plant.  Now it’s time for our companies to get into full production and get products out to our customers.  I would like to point out the fact that Gaseous Hydrogen H₂ is an extremely minute atom and will pass through the stem of a standard poppet valve and fill up the engine housing with Gaseous Hydrogen that can explode the engine at any time.  This cannot happen with the CSRV® H₂ Engines as there are no passages from the CSRV® system into the engine housing so we have the only engines in the world that are safe to operate on Gaseous Hydrogen (H₂).  Our Sequential H₂ Fuel Injection System injects the H₂ gas directly into the cylinder.  We have designed a proprietary blow back system on our Hydrogen Reactors our CSRV® Industrial Hydrogen H₂ Systems are the safest in the world.

Company management is in talks with a number of business groups regarding the companies’ expansion into production.

There can be no assurance that the Company will be successful in any of its 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.

Contact Information:
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
www.coatesengine.com
www.mostadvancedengine.com

FAQ

What recent orders did Coates International (COTE) secure?

Coates International secured firm orders worth $7.125 billion for its CSRV® Hydrogen Electric Power Generators.

When will Coates International start shipping its products?

Coates International expects to start shipping 100 k.W., 150 k.W., and 200 k.W. units this year and 1 M.W. units in 2023.

What is unique about Coates International's hydrogen engines?

Coates International claims its hydrogen engines are the only ones safe to operate on gaseous hydrogen, featuring a proprietary blow back system.

What is the future outlook for Coates International (COTE)?

While the company has received substantial orders, the press release states there is no assurance of success in achieving its goals.