Medigus: Revoltz Secures an Exclusive US Commercial Partnership with a Homeland Security Market Distributor
October 16 2023 - 7:55AM
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in
electric vehicle charging solutions, advanced medical solutions and
innovative internet technologies, today announced that Revoltz Ltd.
which is 19.9% held by Charging Robotics Ltd., wholly subsidiary of
Fuel Doctor Holdings, Inc. (OTC: FDOC), a Delaware corporation
listed on the OTC Market (67.15% owned by Medigus) ,has entered an
exclusive distribution agreement in the United State for its
advanced micro-mobility EVs, with a leading distributor operating
in the homeland security (HLS) and law enforcement sector.
As part of the agreement, the distributor
committed to purchase a minimum of 500 units of PORTO, Revoltz'
state-of-the-art micro-mobility vehicles in the coming
year.
Revoltz has made significant strides in the EV
industry with the launch of its flagship model, PORTO, which
provides a seamless blend of functionality, sturdy design, and
agility, designed specifically for the growing, homeland security
(HLS) market and others. The PORTO vehicle has a range of more than
100 km with volume for payload of 250L on a single charge. The
PORTO patent protected advanced leaning suspension mechanism
ensures best in class stability even under full load. With high
volume loading spaces integrated over both axles, the cargo weight
is distributed evenly, making for a safe and confident ride with
unmatched vehicle dimensions which is extremely beneficial in the
HLS market.
"Our entry into the US market, one of the
world's largest and most important EV market, represents a major
milestone for Revoltz. The PORTO vehicle is a cutting-edge
micro-mobility electric vehicle designed as a modular vehicle to
enable our partners to use it for a variety of purposes," said Amir
Zaid, Chief Executive Officer and co-founder of Revoltz. "We
believe that law enforcement and HLS markets represents an untapped
market, holding great potential in addition to this initial
footprint in the US."
The agreement is for a period of two years and
renewable every two years, subject to both parties' consent and
pursuant to additional terms related to sales targets. The
distributor will provide service and maintenance for the PORTO
vehicles as part of the agreement, ensuring high-quality support
and longevity for customers.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Medigus’ current expectations, they
are subject to various risks and uncertainties, and actual results,
performance or achievements of Medigus could differ materially from
those described in or implied by the statements in this press
release.
The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed in any filings with the
SEC. Except as otherwise required by law, Medigus undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Medigus is not
responsible for the contents of third-party websites.
Investor Relations Contact:
Michal Efraty Investor Relations, Israel +972-(0)52-3044404
michal@efraty.com
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