Business Services Industry
Turbine Truck Engines Inc. Secures 10 Million Dollar Equity Line of Credit for New Energy Efficient ``Flex-Fuel'' Engine
Business Wire, June 6, 2006
DELAND, Fla. -- Turbine Truck Engines Inc. (TTE) (OTCBB:TTEG) is the owner of an exclusive license for manufacturing and marketing Heavy Duty Highway Truck Engines utilizing a new Pulse Detonation Technology embodied in U.S. Patent #6,000,214 "Detonation Cycle Gas Turbine Engine System Having Intermittent Fuel and Air Delivery" (DCGT).
This funding will accelerate the commercialization of the new engine, TTE has contracted Alpha Engines Corporation, the licensor, to design and build a Clean Air Energy Efficient "Flex-Fuel" 540 Horsepower DCGT Engine. Alpha has developed parameters and can now proceed with the construction and testing.
Unique Features of the DCGT Engine:
--Pulse Detonates Fuels - Complete Combustion
--Runs On Gasoline, Diesel, Propane, Ethanol, Methanol & Hydrogen
--Uses 30% Less Fuel Than Diesel Engines
--Puts Out 30% Less Emissions & Greenhouse Exhaust Gasses
--Cold Start Capability With Any Fuel
--Simplified Mechanical Structure - No Reciprocating Parts
--Air Cooled - Lighter Weight Than Diesel Engines
--Less Maintenance - No Lube Oil, Filters, Pumps
--Lower Manufacturing & Operating Costs
TTE management signed the deal on Friday with Dutchess Private Equities Fund, L.P. for a $10,000,000 Equity line of credit. complete details of the transaction will be available on our 8K filing with the SEC.
Safe Harbor: 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.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
- Dodecylamine improves nanocrystal synthesis
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions


