StockPreacher.com Issues Technical Trading Overview for TTE
StockPreacher.com via Globe Newswire
Dallas, Texas | August 27, 2009
StockPreacher.com announces an investment report featuring Turbine Truck Engines Inc. (TTE) (OTCBB: TTEG). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Turbine Truck Engines Inc. should be of particular interest to other engine manufacturing companies: Ford Motor Company (NYSE:F), Caterpillar Inc. (NYSE:CAT) and Cummins Inc. (NYSE:CMI). It is available at: http://www.stockpreacher.com
Turbine Truck Engines Inc., a development stage company, owns an exclusive license for manufacturing and marketing a new energy-efficient, Detonation Cycle Gas Turbine (DCGT) engine for heavy-duty highway trucks. This new engine design 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. The unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs.
In the report, the analyst notes:
"In July 2008, TTEG entered into a contractual agreement with AbM Engineering LLC for the purpose of the continued development and testing of the current 540 horsepower DCGT engine and a 70 horsepower/50kw generator combination. The Company has a strategic alliance with Aerospace Machinery & Electric Co. Ltd. for the development and commercialization of the DCGT engine specifically for application opportunities in the Peoples Republic of China; and with Tianjin Out Sky Technology Co. Ltd. to collaborate on the engineering, technical development and commercialization of the DCGT engine for motorcycle engine applications.
"The inventor of the DCGT engine, Robert L. Scragg, developed an advanced version of its DCGT engine. In July 2009, the International Searching Authority has issued its written opinion stating that the Rotary Mechanically Reciprocated Sliding Metal Vane Air Pump and Boundary Layer Gas Turbines Integrated With a Pulse Gas Turbine Engine System (System) is a unique invention in its novelty, inventiveness and industrial applicability. This finding is the first step in securing patent rights to the engine throughout the world, and TTEG holds the exclusive license to develop and market the System worldwide."
To read the entire report visit: http://www.stockpreacher.com
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