Leo Starts Business in Australia
Will Sell Its e-Box to Fleets of Long Distance Trucks
(firmenpresse) - LAS VEGAS, NV -- (Marketwire) -- 07/18/11 -- Leo Motors, Inc. (PINKSHEETS: LEOM) starts its business in Australia. Leo appointed Mr. Wayne Draper who is a management member. Mr. Draper spent 30 years designing motor vehicles for Ford, Mazda, Nissan, GM and Toyota as well as producing Race cars and custom cars for his own company.
Mr. Draper is developing Leo's e-Box business in Australia. According to Mr. Draper, e-Box is an excellent solution to truckers who drive trucks inter-continent many consecutive days for delivery. E-Box will provide air conditioning or heating in the trucks without working engines of the trucks while truckers are resting or sleeping. This will save gas enormously. Leo has developed a 5 kWh e-Box for long distance trucks. The e-Box is able to provide cooling or heating to the cabin of a truck for more than 12 hours and the e-Box can be recharged while driving.
LEO MOTORS is a US public company based outside of Seoul, Korea, engaged in the development, manufacture and sale of Electric Vehicle (EV) power trains and components. Leo has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed Zinc Air Fuel Cell Generator (ZAFCG) which will free EVs from range limitation with zero emissions.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
Mike King
Princeton Research, Inc.
(702) 650-3000
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Datum: 18.07.2011 - 05:00 Uhr
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News-ID 35228
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