Turbine Truck Engines and Beijing Royal Aerospace Facilities Co., Ltd. Sign Cooperative Agreement
Deland, Florida | April 30, 2010
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG) Following a year of evaluating TTE's patented Detonation Cycle Gas Turbine (DCGT) engine, Aerospace Mechanical and Electrical Equipment Company Co., Ltd. (AMEC), a strategic ally of TTE, reached the conclusion that they believe the DCGT to be a viable solution to the economic and emissions problems facing the global trucking industry. At their recommendation and request, Turbine Truck Engines and BeijingRoyal Aerospace Facilities Co., Ltd. (ROYAL) signed a Cooperative Agreement on April 27, 2010 in which ROYAL will coordinate further funding, design, testing, technical evaluation, and other matters regarding building engineered prototype units of the DCGT for the heavy duty trucking industry in China.
ROYAL will be the exclusive partner for this application in China and will apply for government funding through an Energy Saving and Lower Emission Project Grant awarded to innovative green technology companies throughout China. With these resources, AMEC and ROYAL would then work jointly to develop 300 to 600 horsepower versions of the DCGT to be used in heavy-duty trucks.
Mr. Sunny Qian, President of ROYAL, observed, "We all know that heavy-duty trucks are one of the major sources of carbon emissions and air pollution, and currently there are very few solutions out there. China has made promises to the world to be one of the leaders in lowering these carbon emissions. This technology is what the trucking industry needs to make a major stride in our contribution to combat energy shortages and greenhouse effects on our planet. We are happy and proud to be a partner with TTE in this project, and we are very optimistic that we can obtain Chinese government funding to develop the DCGT engine in China."
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TTE's President and CEO, Michael Rouse, commented, "This is a historic event for our company. From the start, we believed that the DCGT was a technology that had the potential to significantly alter the heavy duty trucking industry. ROYAL's business scope includes assisting foreign companies in doing business in China, and our partnership with ROYAL will enable them to apply for funding from the Chinese government for this project. We are pleased to have a partner as capable as ROYAL to work with us. This agreement is the culmination of eighteen months of work, but it is just the beginning of what we believe will be the sequence of events that will impact the transportation and power generation sectors around the world."
About Beijing Royal Aerospace Facilities Co., Ltd.
Beijing Royal Aerospace Facilities Co., Ltd. (ROYAL) was founded in September 2003. ROYAL is granted as a "high-tech enterprise" by Beijing Science and Technology Committee. The Beijing Industrial and Commercial Administration Office has continuously rewarded ROYAL as a "Credible Corporation" for many years.
ROYAL is experienced in the service of international trade, experienced in the procedures of import and export, good at helping customers choose the best operation mode as well as providing customers with services in a foreign trade contract cycle from the contract signature up to delivery of the commodity to a customer's site and necessary services in the guarantee period. The main products of our import and export cover mechanical equipment, industrial robots, electrical generators, various valves, tools for machining, electronic devices and components, construction materials, computers, test systems, etc. ROYAL's business has expanded to cover high tech areas including aerospace industry, aircraft industry, shipping industry, information technology, power plants, and automobiles. ROYAL is flexible and capable to meet the needs of customers and business partners by working as an import and/or export agent for customers and partner for foreign manufacturers. ROYAL's business scope also covers offering consultation and assistance to foreign companies in sales, investment, and setting up projects in China.
ROYAL has always made every effort to offer good services, qualified products and professional foreign trade consultation. With a philosophy of good credibility, ROYAL's business keeps development stable and has business relationships with 30 countries and areas.
ROYAL sincerely expects full cooperation with more customers and more foreign companies in the principle of mutual benefit and development.
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 little or no 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.
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