Photo Release -- T3 Motion Counters Segway's SE-3 With The Most Advanced ESV Ever Built
May 21 2014 - 4:42PM
Advanced Features Including
Motion Air(TM) Air-Ride Suspension and Active Vision(TM) Live
Streaming Video Clearly Establish the T3 Super Elite(TM) as the
Most Sophisticated and Technologically Advanced Design
Ever
COSTA MESA, Calif., May 21, 2014 (GLOBE NEWSWIRE)
-- www.t3motion.com -- T3 Motion,
Inc. (OTCBB:TTTM), the leading provider of EV technology
to consumer, law-enforcement and government markets, announced
today that it has begun commercial shipments of its secret and much
anticipated NGV (Next Generation Vehicle), designed to counter
Segway's entry into the 3 wheel marketplace which was invented and
dominated by T3 since its founding in 2006.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=25510
The T3 Elite Series(TM), including the new Super
Elite(TM) ESV, is built upon nearly a decade of experience building
three wheel platforms, and without a doubt, bar none, is the most
advanced and technologically superior ESV's ever. With new features
and capabilities designed to specifically address the needs of our
government, law enforcement, education and security markets in a
changing society, nothing else even comes close.
New features available on the Super Elite(TM)
include our new Active Vision(TM) system which provides live
streaming video to be broadcast directly from the vehicle
environment, allowing first responders to wirelessly transmit live
images to a remote command center with internet viewing from
anywhere in the world. This new patent-pending technology has never
been available on any other platform before and enables senior
management to remotely assess and direct their operations on a
moment's notice for any emergency event including the wave of
active shooters recently invading the sanctity of our schools and
colleges.
Other new features such as our new advanced
self-leveling Motion Air(TM) air-ride suspension system, not only
adds a significant new level of comfort for the rider, but also
provides exceptional control and handling benefits by vastly
improving the stability and safety of our vehicles versus our
competitors and reducing the long term effects of fatigue on the
rider that is often experienced on other platforms. This technology
was originally developed in cooperation with the Dallas Police
Department in 2013.
"We began this development more than a year ago on
the heels of our former CEO joining Segway and announcing they were
going to move towards a three wheel platform after recognizing the
tremendous advantages of our technology in the market. We're very
proud of our products and that we are the only manufacturer in the
market who can state that all T3 Motion vehicles are designed and
built by Americans in AMERICA as opposed to the wave of overseas
knockoffs we're seeing lately," stated William Tsumpes, CEO of T3
Motion.
"I truly question how any responsible would-be
competitor, such as the ones we've seen lately, could justly serve
its customers or the market, by introducing new vehicles into the
market which haven't undergone any real world testing and are
nothing more in some cases than untried and untested experiments
and copies of what we've invested more than $47 million to develop
over the past eight years. I equate this situation to expecting a
lawn mower manufacturer to being able to build a John Deere tractor
after just a few months in development, it's just not that simple,"
said T3 Motion CEO William Tsumpes.
"It's always been my most important priority to
ensure that T3 maintains its significant leadership role in the
industry we invented almost a decade ago, and that I use my
personal and significant engineering background to lead the
development of the most technologically advanced vehicles in the
world which is exactly what we've done with the new Super Elite
Series," Tsumpes continued.
"Clearly, T3 Motion, after almost a decade of
experience building 3 wheel technologies, understands the
challenges better than anyone else. We've taken tens of millions of
miles of real world use and experience and developed this new
platform to ensure that we maintain our advantages by building the
safest, more reliable, and sophisticated, performance driven
solutions in the world.
"Our electric vehicles offer so many significant
safety and performance advantages over older, two wheel electric
designs it's easy to understand any competitors desire to follow in
our footsteps. We understand the competitive nature of the markets
and will ensure that our loyal customers and investors continue to
be rewarded with a superior product line and service second to
none," Tsumpes stated.
T3 Motion, Inc. (OTCBB:TTTM) headquartered in
Orange County, California, T3 Motion is dedicated to raising the
bar on personal mobility technology. More than 5,000 T3 Series
vehicles have been deployed in over 30 countries worldwide. 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 periodic reports the Company files from time to time with
the Securities and Exchange Commission.
The photo is also available via AP
PhotoExpress.
CONTACT: Company Contact
William Tsumpes,
CEO
T3 Motion,
Inc.
(714)
619-3600
investor@t3motion.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: T3 Motion, Inc. via Globenewswire
HUG#1787846