Turbine Truck Engines' Technology Expected to Alleviate Trucker's Dilemma
Controlling Fuel Costs an Ever Present Challenge for Fleet Operators
DeLand, Florida | September 8, 2009
The American Trucking Association (ATA) reported in April 2009 that a one penny increase in the price of diesel fuel places an additional cost on the trucking industry of $391,000,000 (US) annually. Fleet operators, squeezed by ever increasing costs, are avidly exploring emerging technologies designed to improve fuel efficiency without sacrificing performance. A leading technological alternative that many believe could be the solution the trucking industry is seeking is the Detonation Cycle Gas Turbine (DCGT) engine.
The DCGT is being developed by Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG), and early engineering analyses suggest that it will reduce fuel consumption by a minimum of 30 percent. At that rate, the DCGT could potentially save the industry over 11.7 billion gallons of diesel fuel a year (Source: U.S. Department of Energy), and as oil hovers around $70 (US) per barrel, that reduction would be especially significant to fleet operators, logistic companies, and independent truckers.
"One of our goals is to provide the transportation industry with a cost effective, clean energy propulsion system," said Michael Rouse, President and CEO of TTE, "and it is our desire that our technology significantly contribute to reducing the world's dependence on fossil fuels. Our efforts are on schedule and we anticipate seeing our engines in commercial vehicles by the end of 2011."
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.