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-Letter of Intent ("LOI") to Jointly Develop Its Oscillating Piston Engine Technology ("OPE")- |
Matthias Heinze, the president of Rotoblock Inc., stated: "We are excited about the opportunity to combine the technologies of both companies to create a new concept in hybrid electric propulsion." Rotoblock OPE technology can be applied to a vast number of industries such as aerospace, power generators, manufacturing, aeronautical applications, home & garden power equipment and expects to soon enter into other joint ventures and / or licensing agreement for its technologies.
About Rotoblock Corporation -- Rotoblock is focused on the continued development and improvement of the Oscillating Piston Engine to the state where its mechanical, ecological and economic viability leads to the profitable licensing of the manufacturer's rights to a proprietary patented design or a partnership for its manufacture. The company was incorporated in Nevada, is headquartered in Santa Rosa, California, and has its operating labs in Vancouver, Canada. The Company has full rights to the patents of the original Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has particular and useful applications in developing countries such as China and India and will be including these areas in the marketing and commercialization phase of this engine. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
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