SANTA ROSA, Calif.,
April 21, 2021 /PRNewswire/
-- Solectrac, Inc. (Solectrac), America's first production
manufacturer of Electric Tractors and a leader in the transition to
zero emission regenerative agriculture and a portfolio company of
Ideanomics (NASDAQ: IDEX), today announced the donation of the
Company's first Compact Electric Tractor (CET) production unit to
the Kōkua Hawaiʻi Foundation, a 501(c)3 nonprofit organization
founded by Kim and Jack Johnson that supports environmental
education in the schools and communities of Hawai'i. The debut
e-tractor was delivered to the foundation's new Kōkua Learning
Farm, a seven-acre farm on the North Shore of Oʻahu. The
foundation, rooted in environmental education, unveiled the tractor
with a hands-on tractor demonstration day on Thursday, April 15 to
a small group of local Hawaiʻi based farmers and educators.
The Compact Electric Tractor (CET) will be used on the
seven-acre Kōkua Learning Farm on Oʻahu. The farm, in its early
stages, will be a gathering place for students and community
members to learn about food production and participate in
supporting a local farming ecosystem that is productive, efficient
and sustainable. The Kōkua Hawaiʻi Foundation also works directly
with schools across Hawaiʻi through their five school programs. One
of their programs, the ʻĀINA In Schools educational program, is a
farm-to-school initiative that connects children to their local
land, waters and food to grow a healthier Hawaiʻi.
"We are so excited about our new compact electric tractor and
our ability to run it with zero emissions off of solar power. We
can't thank Solectrac enough for their generosity. The Kōkua
Learning Farm is a place for people of all ages to see the
possibilities of a bright future, and this new electric tractor
will have lasting impact for generations to come," said
Jack Johnson, singer-songwriter and
co-founder of the Kōkua Hawaiʻi Foundation.
This delivery highlights Solectrac's momentum towards redefining
sustainable agriculture, bringing the Company one step closer to
replacing all gas and diesel tractors used in farming and
agriculture with sustainable e-tractors. Solectrac also recently
completed a successful fundraising campaign on StartEngine with a
commitment to donate a tractor to the farm that was nominated and
voted on by the StartEngine investor community. The Kōkua Hawaiʻi
Foundation was the recipient of the highest vote count. Solectrac's
current lineup of e-tractors includes the Compact Electric Tractor,
the eUtility Electric Tractor, and the eFarmer Electric Tractor
model.
Compact Electric Tractor
The 30 HP diesel-equivalent
CET is a versatile, 4WD utility vehicle for vineyards, small farms,
greenhouses, golf courses and municipalities. It features a 22 kWh
battery pack offering up to 6 hours of runtime. The battery
delivers a 10-year estimated lifespan and can be charged in under 4
hours from a 220VAC, 30-amp outlet or overnight from a 110VAC,
15-amp outlet. The CET accepts all Category 1 - 540 PTO implements,
including hydraulics on its rear hitch. Base price: $25,800 USD.
Solectrac Founder Steve Heckeroth
has dedicated his life to creating eco-friendly and impactful
solutions that can have a lasting impact in reducing our planet's
reliance on non-renewable, environmentally-damaging fossil fuels.
He founded Solectrac in 2012 to be North
America's first manufacturer and distributor of quiet, zero
emission electric tractors.
"We are very pleased to have Kim and Jack's support in our
mission to reduce carbon output in farming and utility work," said
Steve Heckeroth. "All of us at
Solectrac are excited to continue this lasting partnership in
sustainable agriculture with the Kōkua Hawaiʻi Foundation
(KHF)."
To explore the full Solectrac lineup of Electric Tractors or to
learn more about Solectrac's mission to lead the transition to zero
emission regenerative agriculture, visit solectrac.com.
To learn more about Kōkua Hawaiʻi Foundation and ways to
support, visit kokuahawaiifoundation.org/haleiwa.
About Solectrac
Solectrac, Inc., located in
Northern California, has developed
100% battery powered, all electric tractors for agriculture and
utility operations. Solectrac tractors provide an opportunity for
farmers around the world to power their tractors by using the sun,
wind, and other clean renewable sources of energy. The company's
mission is to offer farmers independence from the pollution,
infrastructure, and price volatility associated with fossil
fuels.
About Ideanomics
Ideanomics is a catalyst for
disruption to those industries where improvements in
sustainability, transparency, and freedom of choice would have
profound benefits on a global scale. The Ideanomics Mobility
division is a service provider which facilitates the adoption of
electric vehicles by commercial fleet operators through offering
vehicle procurement, finance and leasing, and energy management
solutions under our innovative sales to financing to charging
(S2F2C) business model. Ideanomics Capital is focused on disruptive
fintech solutions for the financial services industry. Together,
Ideanomics Mobility & Capital provide our global customers and
partners with leading technologies and services designed to improve
transparency, efficiency, and accountability, and our shareholders
with the opportunity to participate in high-potential, growth
industries.
The company is headquartered in New
York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S.,
China, Ukraine, and Malaysia.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Investor Relations and Media Contact
Solectrac, Inc.
Christiane Heckeroth, CCO
christiane@solectrac.com
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116 New York,
NY 10018
ir@ideanomics.com
Skyya PR
Susan Donahue
susan.donahue@skyya.com
Ph: 646-454-9378
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SOURCE Solectrac