StockGuru News: 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
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 Rotoblock Corporation (OTCBB: ROTB) SANTA ROSA, CA–(MARKET WIRE)–Nov 14, 2006 — Rotoblock (OTC BB:ROTB.OB - News) 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. Phase 1- Electric all…