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| January 31,
2005 - Trading Symbol: ROTB.OB |
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Rotoblock Signs Letter of Intent ("LOI") to Jointly Develop Its
Oscillating Piston Engine Technology ("OPE") With Fuel Cell and
Battery Manufacturer, Apollo Energy Systems, Inc.
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| SANTA ROSA, CA--Jan 31, 2006 --
Rotoblock (OTC BB:ROTB.OB - News) announced today that the
company has signed a letter of intent to form A Joint Venture
between Apollo Energy Systems, Inc., a leading Fuel cell and
battery manufacturer, for the purpose of developing a hybrid
electric drive-train with integrated OPE engine. |
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| Coupled with the lightweight Lead
Foam Cobalt Battery and fuel cell from Apollo, the OPE engine
would potentially give better performance than today's internal
combustion engines. The Lead Cobalt Battery would give better
performance than the Nickel Metal Hydride batteries now being
almost universally used in Hybrid Vehicles and the Apollo fuel
cell would increase the efficiency and environmental
compatibility of electric energy generation. Under terms of the
LOI, the Rotoblock's OPE would be first used in a technology
demonstrator hybrid electric car. |
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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. |
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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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Safe Harbour For Forward-Looking Statements
Except for statements of historical fact, the information
presented herein constitutes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business
conditions, the ability to acquire and develop specific
projects, the ability to fund operations and changes in consumer
and business consumption habits and other factors over which
Rotoblock Corporation has little or no control.
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Rotoblock
Corporation
Investor Relations
(877) 511-0110 |
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