Turbine Truck Engines (OTCBB:TTEG) has recently signed a Strategic Alliance Agreement with Genes Guohao Technology Co. Ltd. to explore the possibility of utilizing its turbine technology for electrical power generation.
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Michael Rouse, President and CEO of TTE, observed, "Our alliance with Guohao opens up a world of possibilities, and we are seeking additional alliances that would utilize our engine to generate electricity. Our technology is capable of using any fuel that can be gasified in an efficient and environmentally friendly manner and we are excited about the role our engine may play in the transformation of the energy landscape." This business model readily expands to include additional ‘Cleantech’ applications. While Research engineers, economic analysts, as well as the investing public are feverishly seeking to identify viable solutions to the world's energy and environmental crisis, the need for electricity, in particular, will continue to grow, and companies that are successful in creating technologies which encompass innovative and economical methods to generate electricity while minimally impacting the environment will share in the windfall profits that follow technological successes.
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