Electric Moto Announces Joint Venture
October 10 2013 - 2:21PM
OTC Markets
Congers, NY: October 10,
2013?Electric Moto Corporation, Inc. (OTC Markets/Pink Sheets:
EMOT) announced
today that it has engaged in a Joint Venture with Advanced
Automation
Corporation, of Rome, NY, wherein the two companies submitted a
proposal to create a prototype
All-Wheel Drive Hybrid
Electric Motorcycle for the Special Operations Command of the
United States
Military.
Advanced
Automation Corporation (www.aac-usa.com) is an SBA
Certified 8M, woman-owned technology company staffed by persons
with backgrounds
in research and development, command control communications and
computers,
medical systems design, automotive design, language translation
and
interpretation, photonics and quantum computing, radar, field
support, and
specialized programs for government customers such as
the Special Operations Command
(SOCOM)
EMOT and
AAC have
completed the first phase of the project, creating a broad plan for
the
application of EMOT?s patented technology, and
AAC?s
extensive experience in engineering applications and government
contract
work. The net result was a Small
Business Innovation Research (SBIR) submission on September 25,
2013, detailing
both the military and civilian applications of the vehicle
designs.
Bob Lancellotti, Chairman and CEO of Electric Moto, pointed
out how this JV was the beginning of a number of similar projects:?
We have
sought partnerships and associations with like-minded firms, in the
belief
that the resulting entity will create greater opportunities for
each of the
original firms. An opportunity to work
with
AAC
on our
first JV far exceeds our best plans. We
are pleased to say that this is just the first of what we believe
will be many
such opportunities for
AAC
and
EMOT.?
About
EMOT:
EMOT is a
leading technology
and lifestyle company dedicated to the development, manufacturing
and
distribution of zero-emission vehicles and related products.
The 72 Volt Dual Sport Gen 1 Electric
Motorcycle, and its Gen 2 successor, lead the charge of EMOT?s
?Green
vehicles,? along with its ?pit bike,? commuter motorcycle, scooter,
electric
bicycle, ATV, three-wheeled enclosed vehicle, and personal
watercraft.
Statements
contained in this
communication that are not based upon current or historical fact
are
forward-looking in nature. Such forward-looking statements reflect
current
views of management with respect to future events and are subject
to certain
risks, uncertainties, and assumptions.
Should one or more of these risks or uncertainties materialize or
should
underlying assumptions prove incorrect, actual results may vary
materially from
those described herein as anticipated, believed, estimated or
expected, or
described pursuant to similar expressions.
Contact: Robert J. Lancellotti
Chairman, Acting CEO
ElectricMoto Corporation, Inc.
info@electricmoto.com
845-268-6687
Global Resource Energy (CE) (USOTC:GBEN)
Historical Stock Chart
From Jul 2024 to Aug 2024
Global Resource Energy (CE) (USOTC:GBEN)
Historical Stock Chart
From Aug 2023 to Aug 2024