Rotoblock Corporation: Rotoblock (OTCBB: ROTB) Announces Letter of Intent Agreement With Automotive Component Pioneer Autocraft Industries to Jointly Develop an Energy Efficient Propulsion System for On- and Off-Road Vehicles
14th Nov 2006, 14:13 GMT
SANTA ROSA, CA (MARKET WIRE) Rotoblock (OTCBB: ROTB) announces today in its quest to evaluate, test and combine various components to arrive at more energy efficient propulsion systems and power trains for on- and off-road vehicles, a proposal for collaboration between the two companies for the purpose of adapting the NuVinci Continuously Variable Transmission (CVT) into the following phases of development.
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