They have been pushing this car for at least 10 years now.
They have been "ready for production" the whole time.
Promised factories have never shown up, promised orders either.
This car has absolutely nothing to do with the compressed air engine starter motors used in F1, and elsewhere all over the world.
Every year or so, they trot the story out to gain investors.
Here is a story from 2000. It was ready to go then, too.
http://news.bbc.co.uk/2/hi/africa/988265.stm
Another
http://news.bbc.co.uk/2/hi/americas/992431.stm
If you will look around you will see all sorts of claims going way back from this same guy.