Turbine Truck Engines Announces Agreement to Develop
Gas-to-Liquid Process Technology
Bellevue, WA -- June 5, 2015 -- InvestorsHub NewsWire --
Turbine Truck Engines, Inc. (the Company or TTE) (OTCQB:TTEG) announces the Company
has signed an engineering services agreement on June 3, 2015 with
Sahoma Controlware, LLC ("Sahoma") to commence development of TTEs
Gas-to-Liquid Process ("GTL") technology for converting Methane and
Oxygen Gas into Methanol Liquid. The initial target for
commercialization of the GTL Process will be focused to the Oil/Gas
and Power/Utility energy sectors.
This agreement made with Sahoma Controlware, an Oklahoma City,
OK engineering firm, provides for the design, modeling and
simulation of TTEs Gas-to-Liquid Process technology, to include the
Electromagnetic Generator, Chemical Reactor and Process Gas Feed
Systems products. Sahoma will develop individual product simulation
models & analysis for flow, thermal, vibration,
structural/stress and electrical while also developing simulation
models for the entire GTL Process to determine maximum operational
effectiveness and efficiency.
Chris David, TTE President, states, "With over 120 years of
combined expertise in Design & System Integration, Sahoma
Controlwares staff of Electrical, Instrumentation, Mechanical,
Process/Piping, Control System, SCADA/Telemetry, and Process Safety
engineers, designers and programmers are imminently qualified to
work with TTE in the product development of its GTL technology.
TTE's GTL technology potentially offers multiple applications and
solutions to certain challenges currently facing both the oil/gas
and the power/energy sectors such as capturing, instead of
flare-burning, natural gas being produced at the wellhead and
converting it to liquid methanol for either resale or as a fuel
source for energy production at that same wellhead."
Under the terms of this June 3, 2015 agreement, TTE owns 100% of
all created Intellectual Property, data, designs, notes and
potential patent filings generated during and as a result of the
product development of the GTL technology.
About Turbine Truck Engines
Turbine Truck Engines, Inc. is a 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 produces and
consumes energy. For more information concerning Turbine Truck
Engines, Inc., please visit www.ttengines.com.
About Sahoma Controlware
Sahoma Controlware is a premier Engineering Design & Systems
Integration firm headquartered in Oklahoma City, Oklahoma. Sahoma
Controlware executes projects within the Oil & Gas,
Water/Wastewater, and Power Utility Industries both domestically
and internationally. Sahoma Controlware is a UL-508A Control Panel
Shop and also provides Installation, Startup & Commissioning,
as well as Field Service Support. In addition to the above, Sahoma
Controlware focuses on Embedded Systems, Automation, Compressor
Control Systems, Burner Management Systems, SIS/SIL Systems, and
Software Engineering Design. For more information concerning Sahoma
Controlware, LLC, please visit www.sahomacontrolware.com.
Safe Harbor
This announcement may contain forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements,
among others, relating to our future capital requirements,
including our expected liquidity position and timing of the receipt
of certain milestone payments, and the sufficiency of our current
assets to meet these requirements, our future results of
operations, and our plans, objectives, expectations and
intentions.
Statements in this press release that are not descriptions of
historical facts are forward-looking statements that are based on
managements current expectations and assumptions and are subject to
risks and uncertainties. In some cases, you can identify
forward-looking statements by terminology including anticipates,
believes, can, continue, could, estimates, expects, intends, may,
plans, potential, predicts, should, will, would or the negative of
these terms or other comparable terminology.
The forward-looking statements regarding future events and
circumstances discussed in this press release may not occur, and
actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. You
should not rely upon forward-looking statements as predictions of
future events. The forward-looking statements included in this
presentation speak only as of the date hereof, and, except as
required by law, we undertake no obligation to update publicly or
privately any forward-looking statements for any reason after the
date of this presentation to conform these statements to actual
results or to changes in our expectations
Contact:
Chris David
Turbine Truck Engines
President-Director
(206) 617-9797
cdavid@ttengines.com