Turbine Truck Engines, Inc. (TTEG) and Partner Reach Final Terms for Joint-venture Agreement
Turbine Truck Engines, a technology company focused on the development, manufacture, and distribution of its new energy efficient and environmentally friendly products, today announced it has reached an agreement with Energy Technology Services Co., Ltd. (ETS), specifically pertaining to the structure and financial terms for the joint venture announced January 12, 2012. Joint-venture entity Global Hydrogen Energy Holding Group Ltd. (GHE) was formed to develop and market worldwide ETS’ energy-related products and energy saving devices, including the Hydrogen Energy Production System (HEPS), which converts common methanol into clean-burning hydrogen gas for immediate on-site use. Per the joint-venture agreement: all revenues…