Chinese Express Interest in Developing Turbine Truck Technology
DeLand, Florida | October 14, 2008
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG) is pleased to announce that the company has received a Memorandum of Understanding from Aerospace Machinery and Electric Equipment Co., Ltd. (AMEC). The MOU, received on October 10th, followed talks that were held in Beijing last month concerning TTE technology, specifically the company’s proprietary Detonation Cycle Gas Turbine Engine. The memorandum details that both entities contribute to the creation of a Strategic Alliance Agreement.
“Our technology offers huge advantages in the areas of fuel consumption and environmental impact. The Chinese immediately grasped the potential opportunities for our flagship product. The executive branch of AMEC wishes to explore these advantages and we are very excited at the prospect of advancing our technology to another level,” commented Mr. Michael Rouse, CEO of Turbine Truck Engines, Inc. “AMEC has the capital resources, experience, and engineering expertise required to rapidly advance our technology to satisfy real-world applications,” he added.
About Aerospace Machinery and Electric Equipment Co., Ltd.
Established in 2002, AMEC has 3000 employees producing electromechanical equipment and related products. The company maintains corporate headquarters in Beijing, China.
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture and testing of its New Energy and Environmentally Efficient Truck Engine intended for mass market distribution in the United States and abroad. The new engine can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs zero coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
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.