THE MOST ADVANCED HYDROGEN ELECTRIC POWER GENERATOR GREEN TECHNOLOGY WILL BE MASS PRODUCED IN POLAND FOR THE EUROPEAN UNION

Rhea-AI Summary

Coates International, Ltd. and Advanced Hydrogen, Ltd. sign a license agreement with an EU company to manufacture, use, and sell Coates patented green electric power generators and H2 reactors in the European Union. The manufacturing operations will be in Poland, with skilled labor in place. The company remains optimistic about its future prospects.

Wall Township, NJ, March 05, 2024 (GLOBE NEWSWIRE) -- Coates International, Ltd. and Advanced Hydrogen, Ltd. have signed a license on February 29, 2024 with an EU company with the rights to manufacture, use, and sell the Coates patented green electric power generators and H₂ reactors throughout the European Union.

Company management are extremely pleased with the company’s success and progress. Coates International, Ltd. President and CEO George J. Coates commented, “We are very happy with this new license event. We have been advised that the manufacturing operations for the Coates Green products will be established in the BMW building in Poland. We have also been advised that this area already has skilled labor which will facilitate the process to ramp-up of production.”

In compliance with a confidentiality agreement, we are unable to divulge the name of the Licensee and fees at this time. We plan to begin shipping components and parts, deliver technical drawings and meet with their engineers over the coming year. Meetings at the Coates headquarters are being scheduled. More information will be forthcoming.

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.

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

FAQ

What did Coates International, Ltd. and Advanced Hydrogen, Ltd. sign recently?

They signed a license agreement with an EU company to manufacture, use, and sell Coates patented green electric power generators and H2 reactors in the European Union.

Where will the manufacturing operations for Coates Green products be established?

The manufacturing operations will be established in the BMW building in Poland.

Who commented on the new license event?

Coates International, Ltd. President and CEO George J. Coates commented on the new license event.

What information is currently confidential regarding the license agreement?

The name of the Licensee and fees are confidential at this time.

What assurance is given regarding the Company's future endeavors?

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