TTEngines Positioned to Capitalize on Offshore Opportunities
2009 Marks Dramatic Shift in Global Automotive Markets
In the early '70s, Detroit's Big Three produced about 5% of the Gross National Product of the United States. In 2009, it will be less than 2%, and this year for the first time, European and Japanese automakers will sell more vehicles in the U.S. than the Big Three.
On the Pacific Rim, experts predict that over 11 million cars will be sold in China in 2009, eclipsing sales of all brands in the United States and, over the next 20 years, China is expected to lead the world in motor vehicle sales. Glimpses of the statistics underscore those predictions; over 85% of the adult population of China does not own a car, and with a population exceeding 1.3 billion, the potential market is massive. Further, the Chinese are excited about cars. Past hindrances to personal travel are being minimized and, to facilitate transportation, the country is expected to build over 30,000 miles of highways over the next decade. Economic restraints will cause most Chinese to purchase smaller cars and motorcycles. Alternatively, there is a keen interest in luxury vehicles amongst the upwardly mobile that prefer not only the comfort and safety that larger vehicles offer, but also projects a visual public reference regarding their individual accomplishments.
To power these vehicles, manufacturers are looking for engines that satisfy consumer preferences, government mandates, and environmental concerns. Electric and hydrogen motors have great appeal, but widespread use is limited by engineering challenges and the production and distribution of those energies. On the immediate horizon, an engine is under development that may well provide the bridge the global market needs to advance to an eco-friendly, economically viable resolution. The Detonation Cycle Gas Turbine engine (DCGT) is a unique power plant that delivers improved fuel efficiency and dramatically reduces harmful emissions. Originally designed by the distinguished scientist and inventor, Robert Scragg, the engine is in its final stages of development and its developer, TTE, anticipates it will be mass-produced as early as 2011. Michael Rouse, President and CEO of TTE, recently said, "Our cutting edge technology offers a solution that we think can relieve the current energy, and ecological, woes of the global marketplace."
About Turbine Truck Engines, Inc.
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 cycle detonation process produces a complete combustion of fuel-oxidation mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc. visit our website at www.ttengines.com.