This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Coates International, Ltd. Stockholders' Update: New Patents Awarded

Stocks in this article: COTE

WALL TOWNSHIP, N.J., Dec. 14, 2011 /PRNewswire/ --  Coates International, Ltd. (OTCBB: COTE) (the "Company") President and Inventor, George J. Coates, has been awarded patents for an improved cooling system for the CSRV engine in the following countries: Belgium, Germany, Denmark, Spain, Finland, United Kingdom, Ireland, Italy and Sweden.

  • This provides us with critical protection of our intellectual property for the CSRV engine design technology until 2020.
  • Coates Oklahoma Engine Manufacturing, Ltd., our manufacturing subsidiary, will appoint Mr. John I Blair IV, PE as Managing Director. He is a highly skilled engineer and experienced businessman with extensive experience in this industry. He is currently in Oklahoma working on the funding for this project.

We have received a substantial business and tax incentive package from the Oklahoma Department of Commerce with the assistance of Mr. Blair.

  • The Company is searching for quality foundries in the USA to supply large quantities of competitively priced head castings. The head castings that our company is presently using have experienced some cracks and flaws such as porosity in the metal. This will cause engine break down and must be remedied before volume production starts. Four of eighteen heads experienced cracks and this is not acceptable.

The Company strives to source all parts and components within the USA. However, we will source outside of the USA, if necessary, to ensure high quality production.

  • The Chinese merger with SWT is still pending. The Company may ship a CSRV Natural Gas Industrial Electric Power Engine Generator to the Clean Energy Automotive Engineering Research Center at Tongji University in Shanghai, China. This unit will be used for demonstration and testing in response to the interest of a number of Chinese companies.
  • The deals and projects in Dubai are still pending, and one of them was approved for Al Najaf, Iraq. However, we cannot proceed until conditions improve and settle down in that area. We are keeping a close eye on this situation.
  • The Company is in the very early stages of negotiations with an Italian company that wishes to utilize the Coates CSRV Industrial Electric Power Engine Generator to be fueled with Syngas. As a next step in the process, the Company may ship one or two CSRV engine generators for testing to the Italian National Research Council ("ICN") in Naples, Italy.
  • Coates International, Ltd. management and staff would like to take this opportunity to wish all our stockholders, business partners and friends Happy Holidays and a prosperous New Year!

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. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at

SOURCE Coates International, Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs