Turbine Truck Engines Inc. Secures 10 Million Dollar Equity Line of Credit for New Energy Efficient ``Flex-Fuel'' EngineDELAND, Fla.--June 6, 2006--Turbine Truck Engines Inc. (TTE) (OTCBB:TTEG) is the owner of an exclusive license for manufacturing and marketing Heavy Duty Highway Truck Engines utilizing a new Pulse Detonation Technology embodied in U.S. Patent #6,000,214 "Detonation Cycle Gas Turbine Engine System Having Intermittent Fuel and Air Delivery" (DCGT).
This funding will accelerate the commercialization of the new engine, TTE has contracted Alpha Engines Corporation, the licensor, to design and build a Clean Air Energy Efficient "Flex-Fuel" 540 Horsepower DCGT Engine. Alpha has developed parameters and can now proceed with the construction and testing.
Unique Features of the DCGT Engine:
-- Pulse Detonates Fuels - Complete Combustion
-- Runs On Gasoline, Diesel, Propane, Ethanol, Methanol & Hydrogen
-- Uses 30% Less Fuel Than Diesel Engines
-- Puts Out 30% Less Emissions & Greenhouse Exhaust Gasses
-- Cold Start Capability With Any Fuel
-- Simplified Mechanical Structure - No Reciprocating Parts
-- Air Cooled - Lighter Weight Than Diesel Engines
-- Less Maintenance - No Lube Oil, Filters, Pumps
-- Lower Manufacturing & Operating Costs
TTE management signed the deal on Friday with Dutchess Private Equities Fund, L.P. for a $10,000,000 Equity line of credit. complete details of the transaction will be available on our 8K filing with the SEC.