Florida-based Turbine Truck Engines plans to purchase a controlling interest in GuangDong Kingtec Electrical Co., a manufacturer of heavy-duty starter motors and alternators in China.
If the deal goes through, TTE would own 80 percent of Kingtec's outstanding shares.

Kingtec, a division of Hua Tec Enterprise Co., employs over 800 people, and is currently producing 500,000 of its 'Lotus' motors each year at its manufacturing operations. Kingtec's products are supplied to China's major engine manufacturers, such as Shanghai Diesel Engine Co., Hebei North China Diesel Engine Co., Nantong Diesel Engine Co., Hangzhou Engine Co., Cummins Engine Co., Luoyang Hechai Engine Co., Chongqing China National Heavy Duty Truck Group, Weichai Power Co., and Wuxi Power Engineering Co. Kingtec products are also exported to more than 20 countries around the world.

According to TTE, Kingtec has been seeking an alliance to expand its technological capabilities and opportunities. Kingtec also wants to expand into new markets, particularly the North American trucking industry.

TTE will use Kingtec's manufacturing capabilities for the production of prototypes of its Detonation Cycle Gas Turbine (DCGT) engine. Kingtec will also provide engineering and manufacturing capabilities for the production of heads for gensets.

"Over the last two years, we have been developing relationships inside China which we believe will enable us to accomplish our ultimate objective of introducing a commercially viable, industry altering technology," said Michael Rouse, TTE's founder and president. "The acquisition will immediately and dramatically improve our financial position while building momentum in our quest to finalize the development and production of the DCGT in China and around the world."