Dealers in Florida and Ohio have become part of Solectrac's dealer
network totaling seven dealers across the nation
WINDSOR,
Calif., Aug. 2, 2022 /PRNewswire/ -- Solectrac,
makers of electric tractors and an operating company of Ideanomics
(NASDAQ: IDEX), today announced two new dealer partners in the
continued expansion of its certified sales and dealer network. The
addition of Love Power Equipment (FL) and Specialty Tractors
(OH) further expands Solectrac's reach across the country with
additional dealers anticipated in the coming months.
"As more dealers continue to join our network and even more
coming on board in the next couple of months, this heightens
Solectrac's reputation as a leader in providing alternatives to
diesel engines for sustainable farming," states Solectrac CEO,
Mani Iyer. "One of our greatest
recognitions is getting these award-winning tractors to dealers
across the United States who sell
to the hobby farms and municipalities looking to power their
tractors with the same productivity and performance as
diesel-powered options but using clean renewable energy
sources."
Solectrac debuted its dealer network in March in the Pacific
Northwest with Brim Tractor being the first dealer. Shortly
after, Columbiana Tractor, LLC came on board followed by three
new dealers last month – Ocala Tractor, LLC, Schow's Inc. and
Georgia Land Equipment, LLC in Florida, Idaho and Georgia, respectively. To date, Solectrac has
secured seven dealer partners across the U.S. These recent
partnerships expand Solectrac's dealer network reach in
Ohio and further advance current
electric tractor sales in Florida.
Love Power Equipment
Love Power
Equipment dealership in Florida serves the Homosassa area in Brevard, Citrus, Dixie, Gilchrist, Hernando, Hillsborough, Levy, Pasco,
Pinellas, Polk, Orange Osceola, and Seminole counties. They carry a large
selection of construction equipment, farming implements, mowers,
new and pre-owned tractors, trailers and UTVs. Love joins Ocala
Tractor Supply as the second Solectrac dealer in Florida.
Specialty Tractors
Specialty Tractors, part of the
Specialty Family of Dealerships, has been serving customers since
2000 with RVs, outdoor, marine, and landscaping equipment, and
parts and rental services. Serving across four locations in
Ohio, they offer Mahindra,
Gravely, Exmark, Simplicity, Snapper mowers, Roxor UTVs, and
parts/service for tractors and other equipment. Along with the
other dealerships, onboarding Specialty Tractor cements Solectrac's
presence in the Midwest, a critical region in agriculture.
Solectrac, a B Corp Certified company, assembles its electric
tractors in Windsor, Calif., and
recently established a partnership with Nolan Manufacturing to
support its growing demand along the east coast. Solectrac is
taking orders for the e25, a versatile, four-wheel drive tractor
great for hobby farms, golf courses, sports fields, equestrian
centers and municipalities. Tractors are being delivered in 30 days
or less from these local dealers.
To learn more or to place an order, visit www.solectrac.com or
find a certified dealer near you. If you are interested in carrying
Solectrac electric tractors in your dealership, contact
866-219-6750. For more information and news on Solectrac, please
visit www.solectrac.com.
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 (NASDAQ: IDEX) is a global
group with a simple mission: to accelerate the commercial adoption
of electric vehicles. By bringing together vehicles and charging
technology with design, implementation, and financial services, we
provide solutions for the commercial world to commit to an EV
future. To keep up with Ideanomics, please follow the company on
social media @ideanomicshq or visit https://ideanomics.com.
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.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Solectrac