Turbine Truck Engines Takes Delivery of the 6th Generation DCGT Prototype Engine
Company now listed on OTCQB market
Paisley, Florida | March 9, 2011
Turbine Truck Engines, Inc. (“TTE”) (OTCQB: TTEG), announces that the 6th generation prototype was delivered to TTE on March 3rd. Fabrication of the prototype was conducted by Jet Manufacturing and Machining, a ISO 9001 certified company located in Sanford, Florida.
"This 6th generation prototype represents an advanced step in the technology for the DCGT family", commented Dr. Magdy Attia, TTE's Chief Technology Officer. "Modifications to the DCGT technology were accomplished using the latest in CAD (Computer-aided design) tools and focused on tighter tolerances, and a complete redesign of the flow path including the combustion chamber and the nozzle leading to the turbine wheels", said Attia. "We are very pleased with the end results; Jet did an excellent job and completed the project ahead of schedule", commented Michael Rouse, TTE's President and CEO; "We are excited to be entering this advanced stage of development".
The company also announced as of February 18, 2011, the Company's stock quotation coverage has moved from the FINRA operated OTC Bulletin Board to the OTC Markets Group, Inc.'s OTCQB under the same symbol "TTEG."
This new comprehensive, over-the-counter market tier includes the securities of over 768 SEC reporting companies and banks formerly designated as Pink Sheets stocks, in addition to the 3,050 securities that were quoted in both OTC Markets Group's electronic inter-dealer quotation system and FINRA's OTCBB. All securities in the new OTCQB tier are displayed on www.otcmarkets.com with an icon reading, "OTCQB -- U.S. Registered."
For further information regarding this change, see OTCBB Delistings and Rule 15c2-11: What Happened?
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and testing of its new energy efficient and environmentally friendly engine which will be distributed in the United States and abroad. Intended for use in the transportation and power generation sectors, the engine can utilize any fuel that can be gasified (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 near-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.
About JET Machine & Design, Inc.
JET Machine & Design, Inc. provides creative cutting edge design, machining & manufacturing services to customers across North America, going above and beyond to consistently provide the highest quality service and support. Honesty, Integrity, and Ingenuity will always form the basis of our team-oriented relationships with our customers. For more information concerning JET Machining & Design, Inc. visit www.jetmfg.com.
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.