Highline Technical Innovations, Inc. Announces Letter of Intent With Dong Feng Motors
August 25 2010 - 9:15AM
Marketwired
Highline Technical Innovations, Inc., (PINKSHEETS: HLNT), majority
shareholder of Highline Hydrogen Hybrids, announced today it has
received a signed Letter Of Intent from Dong Feng Motors, China's
second largest domestic auto maker.
The Letter Of Intent (LOI) addresses three different ventures in
which the two companies have been in dialogue. The letter of intent
addresses the formation of a joint venture with HTI's majority
owned subsidiary, Hoss Motor Sports, with Dong Feng Motors to
manufacture, market and distribute the Hoss UTV. The letter of
intent also addresses the formation of a joint venture between
HTI's majority owned subsidiary, Highline Hybrids, and Dong Feng
Motors relating to implementation and production of Highline
Hybrid's hydrogen generator. The third focus of the letter of
intent is the formation of a joint venture between the two
companies to refurbish and rebuild auto components. Highline
Technical Innovations, Inc. will release details to the public of
these joint ventures as they are negotiated.
CEO Charlton Coats stated, "We are very pleased with our
progress. Relationships take time to build, but when they are
formed, they can be very beneficial. We have posed the question
many times in our office what the ramifications would be if an auto
manufacturer was willing to integrate our technology into their
processes. We are one step closer to this possibility. We will
continue to negotiate these joint ventures while maintaining our
vigilance in aggressively pursuing the OTR and agricultural markets
with our hydrogen generators. The results our units are achieving
in these markets simply can't be ignored."
The Hoss UTV may be viewed at http://www.hossusa.com.
Information on the Wildcat hydrogen generator may be viewed at
www.highlinehybrids.com.
Contact: Charlton Coats 1-479-267-6000
c.coats@highlineinnovations.com
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