I was literally laughed off the board when I mentioned that the spherical rotary valve [View All]

[HysteryDiagnosis]

mechanism might be ready to fly. The amount of shares I own in Coates, Blutip, Blacklightpower, and others equals exactly zero. Remember the people who ridiculed the idea of rotary valves, they were quite cocksure. The resultant reduction in partulate emissions because the valve train doesn't run in oil.... a simple idea, one the world needs seems to be on the horizon. this may or may not pan out but I keep my fingers crossed that what I am reading is for real, it looks like it is, be your own judge.

www.Coatesengine.com

Progress continues to be made with the undertaking to merge with the Chinese engine and generator manufacturer (SWT). The Company has put in place its proper representation in China with a prominent local law firm and independent accountants to assist the Company in carrying out the due diligence procedures and other merger transaction related activities.

Selection of Coates as the Project Manager/Supplier for construction of the turn-key power plant project for the Dubai World Business Group has been approved. A deposit of $40,000,000 USD is to be made by the project sponsors before Coates begins the project.

This deposit represents 10% of the total cost of the project. Management has been invited to a planning meeting in the Middle East, after which the definitive project documents will be prepared and executed.

Almont Energy of Alberta, Canada has made an additional payment to the company bringing total payments received by Coates to $5,150,000 USD to date, leaving a balance of $4,850,000 USD. The Company expects to ship more industrial electric power natural gas CSRV Gen Sets within the next two weeks to Alberta, Canada