Turbine Truck Engines Announces Potential Joint Venture with Major $5 Billion Worldwide Transportation Company to Manufacture Heavy Duty Highway Truck Engines Wednesday June 21, 7:00 am ET
DELAND, Fla.--(BUSINESS WIRE)--June 21, 2006--Turbine Truck Engines, Inc. (TTE) (OTCBB:TTEG - News), the exclusive licensee for U.S. Patent #6,000,214, the "Detonation Cycle Gas Turbine Engine" (DCGT), announces a potential joint venture with a major $5 billion worldwide transportation company to manufacture heavy duty highway truck engines. ADVERTISEMENT
Based on test data in the patent from 4 DCGT prototype engines, when commercialized, the air cooled, lightweight, flex-fueled engine will utilize up to 30% less fuel than today's engines; operate on ethanol, gasoline, diesel, propane, or hydrogen; have cold start capabilities with any fuel; produce 30% less emissions and greenhouse exhaust gases; and operate without lube oil, filters or pumps.
Recently on CNBC, the CEO of Conway Trucking stated that a 1% decrease in operating cost results in several million dollars annual savings for his company. The DCGT Engine has the potential of saving trucking companies 30% of fuel and maintenance cost.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
Contact: Turbine Truck Engines, Inc. Michael Patterson, 386-943-8358 Fax: 386-943-9910 MPatterson*turbinetruckengines.com
-------------------------------------------------------------------------------- Source: Turbine Truck Engines, Inc.
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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