Turbine Truck Engines to Joint Venture
Paisley, Florida | January 12, 2012
Turbine Truck Engines, Inc. (“TTE”) (OTCBB: TTEG) announced today that they are entering into a joint venture with Energy Technology Services Co., Ltd. Taiwan (ETS) located at 1F, No. 21, Ln.21, Najing East Road Section 2, ZhongShan District, Taipei, Taiwan. The venture is to jointly develop and market Hydrogen Energy businesses by implementing the Hydrogen Generator developed by Hydrogen Union Energy Co., Ltd., a subsidiary of ETS. The venture will start with businesses in China & Taiwan first, then expand to the USA and the rest of the world.
The Hydrogen Generator produces hydrogen from methanol using a gas reformation process employing a chemical catalyst. The hydrogen generator can be used in residential and commercial applications as well as industrial boilers and steam generators. The efficiency of the hydrogen generator could save the end user 30-60% on their energy costs as compared to using electricity or heavy oils. The hydrogen generator also eliminates the need for high pressure storage tanks as it generates the hydrogen on demand. The hydrogen generator eliminates all emissions except for food grade carbon dioxide, which could be captured and sold to the food and beverage industry.
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About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and distribution of its new energy efficient and environmentally-friendly products.
For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.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.