TTEngines and Falcon Power Ink Strategic Alliance Agreement
Turbine Truck Engines, Inc, has entered into a Strategic Alliance with Falcon Power Co., Ltd. ("FPC"), a Taiwanese company specializing in hydrogen-based energy applications. The collaborative agreement states that the two companies will jointly explore, engineer, and develop an innovative energy application that would take advantage of TTE's Detonation Cycle Gas Turbine (DCGT) engine and FPC's hydrogen generating process using methanol. Further details specify that, once a viable commercial application emerges, FPC and TTE will establish a Joint Venture to manufacture and market the patented device.
Dr. Magdy Attia, TTE Chief Technology Officer, said, "We strongly believe that Falcon's hydrogen generating process using methanol will produce enough hydrogen to run our engine without having to store the hydrogen on board. This is a major breakthrough which eliminates the need to package, deliver, and store hydrogen with all of the problems inherent in that process. This patented process is the only one in the world which accomplishes this objective. Any home or industrial user of heavy oils could easily convert to this system and, in doing so, would reduce costs and harmful emissions."
About Falcon Power Co., Ltd.
Falcon Power Co., Ltd. was established in 1986 and is listed on the Taiwan Stock Exchange. Falcon is a leading developer of green energy products particularly in the field of alternative energy sources and supply. The company is the first in the world to commercialize a Hydrogen generator using methanol. Interested parties are invited to visit www.falconpower.com.tw for more information.
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 Environmentally Efficient Truck Engine intended for mass market distribution in the United States and abroad. The new engine can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs little or no coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.