OPTI - OPTEC International Signs LOI for Exclusive USA Distribution of OPTEC Zero Emissions Electric Super-Scooters
November 08 2018 - 9:20AM
InvestorsHub NewsWire
CARLSBAD, CA -- November 8, 2018 -- InvestorsHub NewsWire --
OPTEC International, Inc., (OPTI) today announced,
the company signed an exclusive USA distribution
agreement with Optimized Fuel Technologies for their new 2019 All
Electric Zero Emissions Commercial Electric Super-Scooter
Models.
OPTEC International, Inc., the exclusive
worldwide distributor of the OPTEC Fuel
Maximizer, will now include
the OPTEC Super-Scooters to their
exclusive USA distribution agreements.
The Super Scooter patented technology was recently acquired by
Optimized Fuel Technologies and is currently in production at the
company's Carlsbad, CAfacility. The "Cadillac" of scooters has
been purchased by southern California Law Enforcement and EMT
divisions and rigorously tested and proven for over 4 years. The
Super Scooter has a 40 Mile Range and 30 MPH capability on a single
battery and facilitates 2 batteries on board giving double the
range capability. The definitive agreement is expected to be
completed by the end of November 2018.
This tremendous growth projection of the Electric Scooter
Transportation sector has not gone unnoticed by one of the largest
transportation network companies and holding companies. According
to Bloomberg, Uber and Alphabet, Inc has invested $335
million into partnering with Lime, an electric scooter
company. Lyft has also launched an electric scooter share program
and has been one of five companies to apply for a permit
in San Francisco to run an electric scooter service.
In Los Angeles, San
Francisco and Sacramento the frequent and rapidly
expanding use of the electric scooters is reported to have a
noticeable impact on vehicle traffic congestion and at the same
time helping reduce the global vehicular emissions reduction.
https://www.grandviewresearch.com/industry-analysis/electric-scooters-market
Safe Harbor Statement: Safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. These forward-looking statements generally can be
identified by phrases such as Opti, OPTEC or its management
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Similarly,
statements herein that describe the Company's business strategy,
outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those in forward-looking
statements. OPTEC International Inc.
OPTEC International, Inc.
2721 Loker Avenue West
Carlsbad, California 92010
Tel:(760)-444-5566
Email: info@optecintl.com
http://www.optecintl.com
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