CONGERS, NY--(Marketwired - Oct 15, 2013) - Electric Moto
Corporation, Inc. (OTC Pink: EMOT) announced today that it has
engaged in a Joint Venture with Advanced Automation Systems, of
Rome NY, wherein the two companies submitted a proposal to create a
prototype All-Wheel Drive Hybrid Electric Motorcycle for the
Defense Advanced Research Projects Agency (DARPA).
AAC is an SBA Certified 8(m), 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
proposal submitted to the Department of Defense 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 interest of improving the shareholder value of each firm. We
are pleased to say that this is just the first of what we believe
will be many such opportunities for AAC and EMOT."
David Tyler, Vice-President of Business Development for AAC,
offered his evaluation of the Joint Venture: "By combining the
capabilities of both AAC and EMOT this advanced technology will not
only significantly improve the capabilities of motorcycles in
military style operations, but will also aid in many similar civil
applications where internal combustion engines are not the first
choice or are not able to be used."
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.
