SANTA ROSA, Calif. -- Rotoblock (OTCBB:ROTB), a developer of advanced engine and drive train design, announced today it has been holding interviews for the position of Chief Executive Officer and expects to announce an appointment in the coming weeks.
Officials with Rotoblock have been developing plans to commercialize the Company's patented Oscillating Piston Engine (OPE) as well as other small engine technologies. Last year the Company expanded its mission to capitalize on opportunities emerging around the world today in advanced drive train and small engine development. The key, they say, is management.
"This is an important move for Rotoblock," said Tony Collins, Vice President of Corporate Development and Technology for Rotoblock. "In this economic climate, Rotoblock has a clear opportunity in small engine development but what is needed most is progressive management. Rotoblock needs a dynamic individual with strong industry and international contacts who can devote the time required to work on the commercialization of the OPE as well as develop new opportunities."
Collins noted that the USA produces approximately 35,000,000 conventional small engines annually that are sold and used in the US alone. These numbers do not include engines used as power sources in automobiles, aircraft, construction equipment, recreational vehicles, and stationary applications as well as small engines outside the US.
About Rotoblock Corporation -- Rotoblock in its expanded mandate is focused on the development of leading-edge power train technologies and the further improvement of the Oscillating Piston Engine. Although Rotoblock has already signed a licensing agreement with OBVIO! Brazil, the company continues to improve the performance of the engine, which will lead to additional and profitable licensing and/or partnerships for its manufacture. The company was incorporated in Nevada and is headquartered in Santa Rosa, California. The Company has full rights to the patents of the Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has useful applications in an endless number of areas where its powerful, light-weight and efficient design are sought after attributes. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
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