COSTA MESA, Calif.,
July 19, 2012 /PRNewswire/
-- www.t3motion.com - T3 Motion, Inc. (NYSE
AMEX:TTTM),a producer of clean/green personal transportation
technology for the law enforcement and security markets, announced
that Ki Nam, visionary founder of T3 Motion, will immediately
assume the role of Chief Executive Officer of R3 Motion, Inc., a
wholly owned subsidiary of T3 Motion, Inc., that will focus on
launching the R3 Motion consumer vehicle.
(Photo: http://photos.prnewswire.com/prnh/20110912/LA66230)
Mr. Nam and R3 Motion will seek joint venture partners for this
new endeavor to bring the R3 into production. R3 Motion will
have an exclusive licensing arrangement with T3 Motion for all
intellectual property related to the design and production of the
R3 Motion consumer vehicle.
In addition, R3 Motion will become the exclusive marketing agent
of T3 Motion products in the Republic of Korea. In order to
focus his efforts on this endeavor, Mr. Nam has resigned as an
officer and Chairman of T3 Motion. He will remain as a
director and a valued advisor.
"We are confident that Ki Nam's unique vision and
entrepreneurial expertise will ensure great success with R3 Motion.
T3 Motion will continue to focus on expanding our patented
award-winning products to commercial markets and we look forward to
faster growth and improved financial performance in the months
ahead," said Rod Keller, Chief
Executive Officer of T3 Motion, Inc.
About T3 Motion, Inc.
T3 Motion, Inc. (AMEX: TTTM) is headquartered in Orange County, California, and is dedicated to
raising the bar on law enforcement and security capabilities in
personal transportation technology. For more information,
visit www.t3motion.com.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding T3 Motion's business, which are not historical facts, are
"forward-looking statements" that are not guarantees of future
performance. Such forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially from those anticipated by the forward-looking
statements. These risks and uncertainties include, among others,
factors associated with market conditions and the satisfaction of
customary closing conditions related to the proposed public
offering. For additional information concerning these and other
factors that may cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in
the Company's Registration Statement filed on Form S-1, as
amended, and in the periodic reports the Company files from time to
time with the Securities and Exchange Commission.
Company
Contact
|
Investor Relations Contact
|
Rod
Keller
|
DJ
Carney
|
T3
Motion
|
T3
Motion
|
(714)
619-3600
|
(714)
619-3600
|
investor@t3motion.com
|
investor@t3motion.com
|
SOURCE T3 Motion, Inc.