TTE and ETS Move Forward with HPBS Technology
Paisley, Florida | June 4, 2013
Turbine Truck Engines, Inc. (“TTE”) (OTCBB:TTEG) is very pleased to announce it has re-engaged its business connection with Energy Technology Service Co. (“ETS”), a Taiwan corporation, to jointly market, manufacture, and distribute, in Asia, the Hydrogen Production Burner System (“HPBS”). Using a breakthrough proprietary catalyst technology, the HPBS is the first and only hydrogen production and burner technology system worldwide able to produce a consistent, steady, non-volatile and safe-to-burn concentration of hydrogen on-demand and on-site thus eliminating costly and complex transportation and storage challenges for customers wanting hydrogen as their primary burner fuel of choice for their existing industrial boiler or steam generator. For most prospective industrial clients, the conversion from existing coal, diesel, heavy oil, gas, or electricity to HPBS produced hydrogen as their new, clean-air, carbon-free fuel source will be turn-key. The HPBS provides industry the ability to achieve both energy and environmental conservation while simultaneously realizing a fuel cost savings of 30% to 60% from current expenditure levels.
Michael Rouse, TTE CEO and President stated, “Over the last 2 years our companies have blazed a difficult path together to advance both the acceptance and the economic viability of the HPBS in the marketplace. Throughout China, the pressure is rapidly increasing for industry across all spectrums to aggressively seek out new technologies to replace coal, petrochemical oil, gas, or electric energy as a fuel source for burning. Today, market acceptance of the commercial viability and risk assessment of the HPBS has reached criticality. I am very excited for these recent developments and I am grateful for the patience and determination of all involved.”
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About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world consumes energy. In addition to the HPBS, Turbine Truck Engines also holds the exclusive license to develop, commercialize, manufacture, market, and distribute the Detonation Cycle Gas Turbine (DCGT) engine worldwide. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
About Energy Technology Services Co., Ltd.
The company is devoted in the development of a new energy source and energy saving alternatives. Our motto is: “To protect the earth and provide total solutions to companies that need to reduce carbon emission.” We emphasize Hydrogen as the fuel source to replace coal, heavy oil, and gas in boilers. The Hydrogen Production Burner System technology, initially intended for industrial usage, will eventually broaden to small businesses and homes. We look forward to implementing this technology as a possible replacement option for nuclear and pyro power plants. For more information concerning Energy Technology Services Co., Ltd., visit www.energyservice.com.tw.
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.
Turbine Truck Engines, Inc.