IQST - IQSTEL Announces LOI To Manufacture EV Motorcycles
September 07 2021 - 11:13AM
InvestorsHub NewsWire
New York, NY -- September 7, 2021 --
InvestorsHub NewsWire -- iQSTEL, Inc. (OTCQB:
IQST) today announced executing a Letter of Intent (LOI)
between its B2C EVoss Division and a large, high tech Electric
Vehicle (EV) manufacturing firm in
China.
A definitive agreement is under development for the
manufacturing firm to produce customized, high-performance electric
motorcycles under the EVoss brand that are high quality, made from
high quality materials, efficient and fun to
ride.
The manufacturing firm has exported electric
motorcycles to the USA, Europe, Africa and Asia and is dedicated to
the development and production of high energy density lithium-ion
batteries and battery pack systems consistent with iQSTEL’s
research and design intent.
The agreement under development according to the LOI terms
includes:
1) Pricing for the first EVoss EV Motorcycle to be launched in
Latin America.
2) 30 day delivery commitment once the purchase order is
placed.
3) Engineer/Design assistance, technical support and training
for our B2C EVoss Division.
4) Supply of spare parts, and warranty.
5) Manufacture the EVoss Batteries for all our EV Clients and
Partners with 30 days delivery from purchase
order.
Pending a definitive agreement, the name of the
manufacturing firm will remain
confidential.
Mr. Iglesias commented: "Within our B2C EVoss
strategy, the selection of the right partner is very important. We
have been evaluating several
vendors and we are very happy to execute this LOI with our High
Tech and Quality EV Manufacturing Partner announced today. China
has more than 400 million EV motorcycles in operation and is the
logical go-to expert. With this LOI, iQSTEL is on track to deliver
its first batch of EV motorcycles before the end of this year. We
plan to play an important role in the overall EV motorcycle market
in Latin America over the next 5
years.”
iQSTEL Inc
(OTCQB: IQST)
(www.iQSTEL.com)
is a US-based publicly-listed company with an Independent
Board of Directors offering leading-edge
Telecommunication, Technology and Fintech Services for Global
Markets, with presence in 15 countries. The company provides
services to the Telecommunications, Electric Vehicle
(EV), Financial Services, Chemical and Liquid Fuel
Distribution Industries. iQSTEL has 5 Business Divisions: Telecom,
Electric Vehicle (EV), Fintech, Technology and
Blockchain, with worldwide B2B and B2C customer relations operating
through its subsidiaries: Etelix, SwissLink, QGlobal SMS,
SMSDirectos, Global Money One, IoT Labs and itsBchain.
The Company has an extensive portfolio of products and services for
its clients: SMS, VoIP, international fiber-optic connectivity for
5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV
Battery Management System, EV IoT Connectivity, Mobile App For EV
Connectivity, EV Dashboard Display, Visa/Mastercard Debit
Card, Cryptocurrency Exchange Services, Money Remittance,
Mobile Top Up, IoT Smart Gas Platform, IoT Smart Tank
Platform, Mobile Number Portability Application MNPA (Blockchain
Platform) and Settlement & Payments Marketplace SPM (Blockchain
Platform).
Safe Harbor
Statement: Statements in this news release may be
"forward-looking statements". Forward-looking statements include,
but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events
or conditions. These statements are based on current expectations,
estimates and projections about our 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 are likely to, differ materially from
what is expressed or forecasted in forward-looking statements due
to numerous factors. Any forward-looking statements speak only as
of the date of this news release and iQSTEL Inc. undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news
release.
iQSTEL
Inc.
IR US Phone: 646-740-0907,
IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries: www.iqstel.com
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