Prototype Pedi-Cabs Ship to Mexico
May 17 2007 - 7:30AM
PR Newswire (US)
SOLANA BEACH, Calif., May 17 /PRNewswire-FirstCall/ -- Armor
Electric Inc. (OTC:ARME.OB) (BULLETIN BOARD: ARME.OB) is pleased to
announce that two prototypes of the electric powered pedi-cab will
be shipped today to Mexico City where the vehicles will undergo
standard certification testing by official government engineering
labs. Representatives of the purchasing client, BIMO Electrico
S.A., visited the facilities of Armor's EPS partner last week to
inspect final engineering changes and to arrange for customs
clearance. BIMO is paying for the transportation and testing of the
vehicles, and after government certification BIMO is committed to a
large scale purchase order. Armor expects the orders to ramp up on
a monthly basis as manufacturing expands until the entire 40,000
unit requirement is fulfilled. Merrill Moses commented: "Today is
an exciting day for Armor and its shareholders. For more than a
year, we have pursued the BIMO order with our EPS partners, funding
large development costs and enduring numerous engineering changes
and challenges as well as the usual delays expected when doing
business with government entities. We anticipate a smooth
certification process and hope to be able to announce orders and
revenue for our shareholders in the near future. We are confident
that a successful launch of the electric pedi-cabs in Mexico City
will bring serious interest from metropolises around the globe that
currently face unmanageable gridlock, pollution, and oil scarcity."
About Armor Electric, Inc. Armor Electric, Inc. is a leader in the
design, manufacture, and distribution of electric battery power
drive systems for land and water vehicles. For further information,
please contact: Investor Relations, ,
http://www.armorelectric.com/, 858.720.0354 This information may
include forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on the Company's
current expectations as to future events. However, the
forward-looking events and circumstances discussed on the website
might not occur, and actual results could differ materially from
those anticipated or implied in the forward- looking statements.
DATASOURCE: Armor Electric Inc. CONTACT: Armor Electric Inc.,
Investor Relations, +1-858-720-0354, or Web site:
http://www.armorelectric.com/
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