Electric Moto Announces Joint Venture
October 10 2013 - 12:00PM
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
Electric Moto 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