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Rotoblock
Corporation (Stock Symbol: RTBC) has a Corporate Mission to
improve people's lives through technological innovation of
small engines, air-conditioning systems, heat pumps, and other
appliances and equipment for automotive, residential and commercial
markets, commonplace yet intricate systems that demand continual
redevelopment with cutting-edge thinking to meet the needs
of our ever changing world.
Santa
Rosa, California based Rotoblock recently agreed to acquire
Hikom Gottell Corporation, an equipment manufacturer in China,
for US$25 Million. Rotoblock signed a term sheet to acquire
51 percent majority interest in Hikom Gottell, a manufacturing
company based in Nanjing City of the Jiangsu Province in Mainland
China. Hikom Gottell employs about 250 workers primarily involved
in designing and manufacturing of commercial air-conditioning
systems for automotive, building, and environmental applications.
These products are distributed throughout China. Rotoblock
has agreed to purchase the hard assets of Hikom Gottell's
manufacturing facilities in Nanjing as well as the name Hikom
Gottell and its distribution network. The acquisition would
include Hikom Gottell's 10-acre manufacturing complex, land,
factories, manufacturing equipment, testing facilities, and
delivery trucks. Rotoblock's offer of US $25 Million would
be in cash and stock options. The final purchase price is
subject to an independent audit, which will be carried out
during the acquisition proceedings.
The Company
has full rights to the patents of the Oscillating Piston Engine
and seeks to develop this and other engine technologies to
meet the rising demand for technologies and equipment that
can help conserve fuel. A prototype of the Oscillating Piston
Engine has been tested and proven in a laboratory setting.
Further development is required to enter into commercialization
as the company looks to secure a manufacturer. The engine
design differs substantially from conventional internal combustion
engines (see Technology) and provides considerable gains in
the power-to-weight ratio, simplicity in maintenance and repair,
versatility of operation, and qualities that are friendlier
towards the environment.
Rotoblock
Corporation, through its wholly owned subsidiary, Rotoblock
Inc., is an engineering/research company dedicated to the
development of Oscillating Piston Engine. Rotoblock was incorporated
in Nevada and is headquartered in Santa Rosa, California.
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Incorporation
date: March 22, 2004
in Nevada |
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Executive
Offices and laboratory: 300
B Street, Santa Rosa, CA 95404 |
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Auditor:
Morgan & Co., Chartered
Accountants, 700-1488 West Georgia St., Vancouver, BC,
Canada |
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Legal
Counsel: Lang Michener
- 1500- 1055 West Georgia St., Vancouver BC, Canada |
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Trading
Symbol: RTBC.OB |
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Stock Exchange: Over-The-Counter
Bulletin Board |
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CUSIP
Number: 778791 103 |
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