Nemo Motors Corporation (PINKSHEETS: NMOC) announced today it is partnering with Energy 1 Corp. (PINKSHEETS: EGOC) and Hilbroy Advisory Inc. 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.

"We look forward to our first track trials scheduled for the Fall of this year," said Ian Morrice, President of Nemo Motors Corp. "The automotive industry has embraced racing competition such as formula one and Le Mans to both test and push technology limits before releasing new products to the consumer market, no organized venue was available for electric vehicles outside of inter University challenges and we are proud to pioneer the way on the public side," further added Mr. Morrice.

About Nemo Motors Corporation

Nemo Motors is a manufacturer of electric utility vehicles with a current assembly line capacity of 10,000 vehicles per year. Nemo Motors has a strong competent and specialized team of professionals in the areas of production, engineering, marketing and consumer services.

Important Information About Forward-Looking Statements Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.

Contact: Ian Morrice President Nemo Motors Corp. imorrice@nemomotors.com

Energy One (CE) (USOTC:EGOC)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Energy One (CE) Charts.
Energy One (CE) (USOTC:EGOC)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Energy One (CE) Charts.