Nemo Motors With Energy 1 and Hilbroy Advisory to Launch New Prototype Racing Program
August 12 2009 - 9:00AM
Marketwired
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.
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statements" within the meaning of the Private Securities Litigation
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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
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part of this release.
Contact: Ian Morrice President Nemo Motors Corp.
imorrice@nemomotors.com
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