Turbine Truck Engines Envisions Lower Costs for Trucking Industry
DeLand, Florida | September 2, 2009
According to a recent article published by the Heavy Duty Manufacturers Association, new Federal emissions standards going into effect in 2010 will add from $6,000 to $10,000 (US) to the cost of a new truck. That is in addition to the estimated $7,000 to $8,000 (US) price increase that accompanied the 2007 regulatory requirements. A copy of the article can be found at www.hdma.org.
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG) envisions that its engines, with their simplified mechanical structure, expected ease of maintenance, and increased operating efficiency, can more effectively meet the financial needs of the global transportation industry.
The company has pursued the development of its Detonation Cycle Gas Turbine (DCGT) engine in China due to enthusiastic interest from top Chinese engine manufacturers seeking to produce a more advanced engine that lowers operating expenses while simultaneously reducing airborne pollutants. TTE has, to date, signed agreements with two different Chinese companies to develop DCGT engines for the Chinese transportation industry. The new engines, which will be used for motorcycle, automobile, and bus applications, will set the stage for the continued adaptation of DCGT technology.
Michael Rouse, CEO of Turbine Truck Engines, recently remarked that he receives many inquiries from the American trucking industry asking, "Why China?" He answers, "We have been enthusiastically received in China, and we believe that the development of the DCGT in China will provide us with invaluable research data which will significantly lower our overall R&D costs. If we also manufacture the truck engine in China, production overhead will be reduced and these, taken together, will significantly lower end user costs for the American trucking industry when the engine is brought to market in the United States."
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.