BELLEVUE, Wash., June 5, 2015 /PRNewswire/ -- 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 TTE's Gas-to-Liquid
Process ("GTL Process") 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 TTE's 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's President,
states, "With over 120 years of combined expertise in Design &
System Integration, Sahoma Controlware's 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
management's 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
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SOURCE Turbine Truck Engines, Inc.
