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TECHNONEWS * USA - Turbine Truck Engines and Highpoint Transport Sign Definitive Agreement
Deland,FL,USA -Trading Markets -Feb 11, 2008 : -- Turbine Truck Engines Inc., announced today that the company has signed a Merger and Exchange Agreement with Highpoint Transport Inc. ("HPTI"), a Nevada Corporation. Details of the Agreement specify that HPTI will merge with TTEI and result in the creation of a new Nevada Corporation, Turbine Truck Engines NV, Inc., as a wholly owned subsidiary of HPTI... Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture and testing of its New Energy and Environmental Efficient Truck Engine intended for mass market in the United States and abroad. This new engine design can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs zero coolant, lube oil, filters, or pumps. The unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidation mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions... (See details...)Labels: technonews
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