Turbine Truck Engines Announces Program and Project Manager for
Development of Gas-to-Liquid Process Technology
Bellevue, WA -- June 10, 2015 -- InvestorsHub NewsWire --
Turbine Truck Engines, Inc. (the Company or TTE) (OTCQB:TTEG)
announces the Company has executed a Consulting Services Agreement,
dated June 3, 2015, with Justin Dean to provide TTE with technical
and analytical leadership as the Project and Program Manager for
TTEs Gas-to-Liquid (GTL) Process Technology development.
The agreement defines specific areas of responsibility to
include Conceptual Design Analysis, Product Development Analysis,
Product Commercialization Analysis, Business Plan Analysis, Product
Application Analysis, and Industry Analysis for the Phase 1
development of TTEs GTL Process Technology. The initial target, by
TTE, for the commercialization of the GTL Process will be focused
to the Oil/Gas and Power/Utility energy sectors.
Enzo Cirillo, TTE Interim CEO and Board Chairman, states, "The
TTE Board of Directors is determined to build long-term shareholder
value through both product development and quality asset
acquisition. Given Justin's vast experience garnered through over
20 years of Project and Program Management on 6 continents in the
oil/gas, power/utilities and space travel/exploration industries
designing and implementing large process application solutions in
the areas of Electrical/Electronics & Power Systems
Engineering, Process Control and Automation, developing potential
paths forward for the commercialization of TTEs GTL Process
Technology is in very strong hands with both Justin Dean and his
company, Sahoma Controlware."
Working at NASA, Mr. Dean was the lead Electrical & Control
Systems Engineer for several International Space Station missions
as well as developing Facility Process Systems which remain
integral components in the training of todays astronauts.
Additionally, many solutions designed and implemented by Justin
Dean are installed and in-use on the International Space Station,
Rover, and Space Shuttle. In the oil/gas and power/utility
industries, Mr. Dean has worked extensively in developing
electrical motor, variable speed drives, pumping solutions/systems,
gas processing, compression, and water management/disposal
systems.
In 2013, Justin Dean founded Sahoma Controlware, an Engineering
Design & Systems Integration Company in Oklahoma City, that
provides its Oil/Gas, Water/Wastewater, and Power/Utility
industries clients with a broad scope of expertise proven to
optimize operational efficiencies and improve production. For more
information concerning both Justin Dean and Sahoma Controlware,
please visit www.sahomacontrolware.com.
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.
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
managements 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
Contact:
Chris David
Turbine Truck Engines
President-Director
(206) 617-9797
cdavid@ttengines.com
