CORONA, Calif., Feb. 18, 2014 /PRNewswire/ -- Saleen
Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the "Company"), an
American specialty manufacturer of high performance vehicles,
technical performance parts, lifestyle accessories and apparel, is
pleased to announce that the Company has added legendary electric
car developers, AC Propulsion, to its design team for the new
Saleen Electric vehicle. AC Propulsion will provide the technology
and implementation of the powertrain and battery for the
project.
AC Propulsion specializes in alternating current-based
drivetrain systems for electric vehicles. The company produces
electric vehicle drive systems featuring high performance, high
efficiency induction motors and integrated high power battery
charging. The Company is well-known for providing its proprietary
technology to the Tesla Roadster, which was developed by Tesla
Motors to mass-produce AC Propulsion's tzero concept car. AC
Propulsion also provided drivetrains and support for the BMW
all-electric Mini E.
"We are assembling a team and vehicle that combines the finest
technology and design available," stated Steve Saleen, CEO, Saleen Automotive. "AC Propulsion is a proven
leader and seminal thinker in electric car creation and we believe
will greatly assist us in introducing a revolutionary vehicle to
the market. I believe we have secured the very best partner
possible for our powertrain and battery."
"AC Propulsion is excited to partner with automotive legend
Steve Saleen for his new electric
vehicle project," stated Paul
Carosa, President, AC Propulsion. "Mr. Saleen is on the
verge of creating a vehicle unlike any on the market today, a
tremendous new entry in the fast growing electric car market that
lives up to the Saleen name and reputation. We'll do our part to
make it even better."
For more information and updates visit the following online
locations:
Company website: www.saleenautomotive.com.
Facebook: https://www.facebook.com/Saleen
About AC Propulsion
AC Propulsion is a global leader in the development, design and
manufacture of electric vehicle components. Proprietary
tzero™ technology is a complete drivetrain solution that can be
customized for many classes of pure EVs and Plug-in Hybrids.
AC Propulsion is also a leader in the development of Vehicle to
Grid (V2G) capable vehicles. The company is located in
San Dimas, California where it has
its headquarters, engineering center and pilot production
facility. Its partner company e.Motor Advance, located in
Beijing, China carries out
International marketing and has a new factory under construction
for volume production of electric drive components.
www.acpropulsion.com
About Saleen Automotive, Inc.
Saleen is an American specialty manufacturer of high performance
vehicles, technical performance parts, lifestyle accessories and
apparel. Founder Steve Saleen has
continually set the bar for automotive design and performance
engineering in both street and racing applications. Saleen plans to
utilize its existing strategic partnerships and dealer network to
refine its design and engineering prowess, continue development of
emerging automotive technologies, and expand its presence
nationwide with a combination of automotive retail services,
aftermarket parts and new vehicle sales to build significant
long-term value. Learn more at www.saleenautomotive.com.
Information about Forward-Looking Statements
This press release contains "forward-looking statements" that
include information relating to future events and future financial
and operating performance. The words "may," "would," "will,"
"expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Forward-looking statements should
not be read as a guarantee of future performance or results, and
will not necessarily be accurate indications of the times at, or
by, which that performance or those results will be achieved.
Forward-looking statements are based on information available
at the time they are made and/or management's good faith belief as
of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in or suggested
by the forward-looking statements. Important factors that could
cause these differences include, but are not limited to:
fluctuations in demand for the Company's products, the introduction
of new products, the Company's ability to maintain customer and
strategic business relationships, the impact of competitive
products and pricing, growth in targeted markets, the adequacy of
the Company's liquidity and financial strength to support its
growth, and other information that may be detailed from
time-to-time in the Company's filings with the United States
Securities and Exchange Commission. An example of such forward
looking statements in this press release include statements
regarding the Company developing and completing successful new car
projects. For a more detailed description of the risk factors and
uncertainties affecting Saleen Automotive, please refer to the
Company's recent Securities and Exchange Commission filings, which
are available at www.sec.gov. The Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
SOURCE Saleen Automotive, Inc.