Has Coates International Ltd. Created...

Has Coates International Ltd. Created the Engine of the Future?

Posted in the Business News Forum

Since: Feb 09

Nampa, ID

#1 Mar 25, 2009
And will its investors ever make any money?

"CIL has been in research and development for approximately 15 years on a new CSRV (Coates Spherical Rotary Valve) combustion engine, which is patented worldwide," the company's website reads. "The research and development phase is now completed and CIL is gearing up for production and distribution of its new engines."

According to the company: "These CSRV engines run on a number of different fuels, such as gasoline, natural gas, methanol, ethanol, hydrogen and diesel. Oil changes are extended to approximately 50,000 miles instead of every 3,000 miles and in some cases oil changes are not necessary. Maintenance is drastically reduced. There is increased power, reduced fuel consumption and dramatically reduced emissions. CIL management believes the CSRV engine will lower United States' dependency on imported oil and fuels and believes this is the engine of the future."

Company Website
http://www.coatesengine.com/
smoking gun

AOL

#2 May 18, 2009
This engine has never been independantly tested and most people familiar with George Coates know he is a fraud. In nineteen years no engine with the Coates valve system has ever been in the hands of the public. No engineer outside Coates has reviewed and asserted that this engine works. The valves don't seal.

Since: Feb 09

AOL

#3 May 19, 2009
According to King1 on the Investors Hub thread:

"I heard the Well to Wire presentation was very comprehensive and good. It's nice to hear that they are out in the public eye and making things happen."

Here is the link:

http://investorshub.advfn.com/boards/read_msg...

Since: Feb 09

AOL

#4 May 19, 2009
Below is one of the latest Coates Internation Ltd. press releases:
WALL TOWNSHIP, N.J., May 7 /PRNewswire-FirstCall/-- Coates International, Ltd.(OTC Bulletin Board: COTE - News)-- The company has received non-refundable payments from Well to Wire Energy Inc. of Alberta, Canada. These payments are for licenses to the Coates CSRV patented technology for power units used in the oil and gas industry, payments to date total $4,003,183.03 because of these good faith continuous payments made to the company and considering the economic climax. The company has extended the payment date to July 31, 2009. However, Well to Wire must continue to pay down the remaining balance of the $11,000,000.00 USD of which is $6,996,817.00 and when these payments amount to 45% of the original $11,000,000 which is $5,000,000, their risk substantially diminishes. They do not lose their licenses; the license only becomes (non-exclusive) until the balance is paid in full.
Barry C. Kaye CFO, stated these payments provide extra working capital to fund our initial production of our industrial natural gas CSRV electric power generators. The company expects to have a number of these power units installed in the field very soon. Sales of these products will generate more operating revenues that will be reinvested to fund the ramp up of our production to fulfill existing orders for the oil and gas industry.
George Coates President and CEO, stated we have faith in Well to Wire and believe they will fulfill their obligations to the company and we look forward to working with them.
Well to Wire Energy Inc. has already delivered to us firm orders for over 7,400 CSRV industrial electric power generators with a value to our company of approximately $1,200,000,000 USD. Well to Wire has also secured financing for up to $1,600,000,000 to promptly purchase these CSRV power units from our company.
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 actively engaged in preparing for the commencement of manufacturing of products utilizing this technology.
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 .

Contact: Coates International, Ltd.
Samantha Casbarro,
info@coatesengine.com

Since: Feb 09

AOL

#5 May 20, 2009
On the InvestorsHub site, "marco34145" said:

"I went to Mondays session. The other posts described it well. WWE sounds very excited at their prospects. They expect (conservatively) that they'll see $1.4 billion in revenues through the first 5 years.

In retrospect, there is one question I wished I had asked. There are something like 6 engines set to go out the door for WWE. Along the way George said that engines need a years testing before going into the field. I wonder if these 6 have been tested over the past year, and that's why they weren't shipped as advertised when George spoke of "the long trip to Canada in snow covered fields", or however he put it in a release many moons ago.

If this is the case, I also wonder if each and every one produced needs to go through this apparently strenuous testing.

Did anyone else hear this, and if so, can you explain what it will mean to future production?"

Link: http://investorshub.advfn.com/boards/read_msg...

Since: Feb 09

AOL

#6 May 20, 2009
"King1" answered the question:

"He said each engine needed to be tested: meaning it had to be brought up to temperature for a few min, etc. Testing meant only a very short amount of time, certainly not a year! Less than an hour of testing."

Link: http://investorshub.advfn.com/boards/read_msg...

Since: Feb 09

AOL

#7 Jun 13, 2009
On Friday, TheBigCat said:

" ... 300K Shares Traded = so what...

Me thinks this is still the quiet before the storm. After all, 300K shs traded at (say)$.40 is still only $120K. The big buying will be MUCH MUCH more than that imo. And, if the 'state' that everyone is talking about turns out to be Texas (vs. Oklahoma) and these gens get put in several of the gas patches like the Haynesville Shale et al, then LOOK OUT. Your buyers could be CHK, DVN, XOM, and on and on. Remember, the engines can run on dirty gas which fires the electricity for the drill rig, et all. Not saying that this "is" the play that Geo has eluded to, but it could be.

Time will tell."

http://www.rigzone.com/news/article.aspa_id=7...

TheBigCat

Link:
http://investorshub.advfn.com/boards/read_msg...

Since: Feb 09

Caldwell, ID

#8 Sep 2, 2009
On September 01, 2009, rightcoasttoph said:

"I have a hard time believing George actually shipped a generator and hasn't shouted it from the mountain tops. The guy releases press releases every time his son shakes hand with someone from china. Seems unlikely. And last month this stock went crazy over similar rumors only to fall back to reality when no news came. I hope it's true, but I have my doubts."

Link: http://investorshub.advfn.com/boards/read_msg...
Gyoergy Kohut

Abda, Hungary

#9 Feb 15, 2010
I am the owner 5 types c-hcci-kohut ICengines

www.c-hcci-kohut.com
Gilbert

Boise, ID

#10 Oct 11, 2011
Fraud?

"In a press release, the company said it had reached an agreement with the state of Oklahoma enabling it to qualify for up to $750 million in business and tax incentives.

Oklahoma Secretary of Commerce Natalie Shirley said no such formal agreement exists."

Link: http://findarticles.com/p/articles/mi_qn4182/...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Business News Discussions

Title Updated Last By Comments
GPIC wins top human resources award 5 hr hradaenergy 1
Prediction on a major earthquake the next 10 y ... Sat LongIslandBusines... 1
News Lindsey Graham: Republicans will lose in 2016 i... Sat xxxrayted 11
Venezuela Bonds Buyer Bonds must be on Euroclear (Oct '10) Sat FNI 17
will the loblaw warehouse in ottawa close its d... (Sep '09) Sat Derp 136
US and Canada Banks Transfer Available Sat Keith 1
Guaranteed Real Estate Loans - 100% LTV - NO FI... (Jul '13) Fri Do you finance in... 13
More from around the web