Energy 1 Partners With Nemo Motors and Hilbroy Advisory to Launch New Prototype Racing Program
August 12 2009 - 9:00AM
Marketwired
Energy 1 Corporation (PINKSHEETS: EGOC) announced today that it is
partnering with Nemo Motors (PINKSHEETS: NMOC) and Hilbroy Advisory
Inc. (FRANKFURT: 2H0) in the launch of a new prototype racing
program.
The new prototype racing program will feature both the Energy 1
technology to power the race cars and the Nemo Motors black box
technology and control systems and will be sponsored by Hilbroy
Advisory and ITSALLBULL.NET. The experimental prototype race car
program will test the endurance and reliability of the electrical
technology in order to eventually release a consumer version, which
will allow long-range autonomy. The program will benefit from the
sponsorship of Hilbroy Advisory and Itsallbull.NET and a total
budget of $2,500,000 or $500,000 per year for the next 5 years.
"The automobile industry has always relied on race programs such
as formula one and Le Mans series to test technology before
releasing to the consumer market, but no organized venue was
available for electric vehicles and we are glad to be pioneering
the way," said Robert Wilson, President of Energy 1 Corp. "We look
forward to our first track days schedule for October of this year,"
further added Mr. Wilson.
About Energy 1 Corporation
Energy 1 Corporation is a US-based Energy Research and
Development Corporation, which is developing a long-life energy
generator and storage systems for residential, commercial and
transportation industry.
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well as general industry and market conditions and growth rates and
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only as of the date on which they are made, and the company does
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part of this release.
Contact: Ian Morrice Managing Director Energy 1 Corp.
imorrice@energy1corp.com Spoke IR 1 647 351 7477
EGOC@spoke-ir.com
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