PAISLEY, FL -- (Marketwire) -- 05/16/12 -- Turbine Truck Engines, Inc. ('TTE') (OTCBB: TTEG) and Energy Technology Services, Inc ('ETS') are pleased to announce it has in just 1 month of sales and marketing activity in the Fujian province, China, successfully completed on-site cost benefit surveys at 22 separate companies for installation of ETS's efficient methanol to hydrogen generator system, referred to as Hydrogen Energy Production System (HEPS), to replace each companies' existing 'heavy-oil' boilers and furnaces. These 22 companies represent a variety of industry applications with 15 hotel/resorts, 4 food manufacturers, 2 convention centers and 1 pharmaceutical facility and represent the installation and implementation of a combined 47 HEPS units.
Michael Rouse, TTE CEO and President, stated, 'Market acceptance of clean burning HEPS methanol to hydrogen generator and burner system has exceeded our expectations. While ETS is just commencing its sales and marketing activity, having completed 22 surveys the potential leases could generate TTE an estimated $14,500,000 US Dollars in revenues per year, and $47,000,000 in possible Carbon Credits. This is just the first of 30 China provinces and other Asian countries we are uniformly proving the operational viability and fuel cost savings the HEPS offers to each company we are able to survey in a significant cross-section of industry. The companies surveyed are extremely happy that our HEPS unit solves the important challenge of providing hydrogen fuel on-demand without the risk and high cost of storage and transportation.'
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About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. (TTE) is a technology company focused on the development, manufacture, and distribution of its new energy efficient and environmentally-friendly products. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
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 heavy oil, and gas in boilers. The HEPS 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 http://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., Paisley