Electric Car Company, Inc. Executes Definitive Agreement With Liberty Electric Cars, USA LLC
August 17 2010 - 10:11AM
Electric Car Company, Inc. (OTCBB:ELCR), a vehicle conversion
Company that specializes in electric conversions and manufacturing
for the Livery, Fleet and Private Specialty Markets, today
announces that it has executed the Definitive Agreement with
Liberty Electric Cars, USA LLC. Under the terms of the Agreement,
both Companies have agreed to a 50/50 ownership and joint venture
that will operate under a newly formed Nevada Corporation named
Liberty Electric Car, Inc. The Agreement will combine the
respective expertise of the two Companies in the production of high
performance zero emission luxury
Pure Electric
vehicles.
Pursuant to a recent announcement by the Company dated June 10th
of this year, the joint venture will focus initially on the
conversion of large luxury 4X4 vehicles like the Range Rover* and
the Lincoln MKZ custom limousines using Liberty's groundbreaking
proprietary electric power train technology. This proprietary
electric power system uses four on-board motors (one for each
wheel) and incorporates a state-of-the art energy storage system.
This provides a performance ability of 0-60 mph in less than 7
seconds with a top speed of 100mph and a travel range of 200 miles
on a 6-hour charge. Until now, this has never been achieved in the
large luxury vehicle sector.
View video:
http://electriccarstocks.com/2010/08/11/liberty-electric-cars-video/
The manufacturing of the vehicles will be based at the Electric
Car Company's conversion center in Springfield, Missouri. The new
Company's plan will be to rollout and establish further conversion
centers across the United States on a franchise or company-owned
basis.
Liberty Electric Cars has completed extensive testing to prove
for the first time a new and unique world-beating technology is set
to fundamentally revolutionise the vehicle sector. The testing
which took place in June 2010, put a Liberty-converted Range Rover*
through its paces to demonstrate the abilities of the technology.
The result is proof that the company has created a large, luxury
vehicle that is 100 percent zero emission yet performs as well as,
and in some cases even better, than any combustion-engine
equivalent available on the market today. The new technology
can also allow for wireless charging, another world-first, where
the car is simply parked over an induction plate and charges
automatically without the need for plugs or power leads.
*Liberty Electric Cars is not related to, or endorsed by, Land
Rover PLC.
Mr. Gary Spaniak, CEO of Electric Car Company, Inc., states, "We
are pleased with the response from our customer base that has
expressed extreme interest in a high performance luxury 4X4 and
livery vehicle." Mr. Spaniak continues by saying, "We look
forward to working with Liberty to provide this kind of first to
the market vehicle."
About Liberty Electric Cars
Liberty Electric Cars, www.liberty-ecars.com, is a clean
technology company based in Oxford, UK, and with offices in Chicago
USA. The Company has invested in the re-engineering of
existing large, luxury vehicles (new or used). Their teams of
highly skilled engineers have applied their significant expertise
in automotive and electric power train technologies to develop a
unique and patented Pure Electric propulsion system for SUVs, MPVs
and 4x4s. The technology enables Liberty to convert large 4x4s and
similar vehicles so that they are zero-emission yet still provide
outstanding performance. Liberty Electric Cars aims to become the
global leader for the profitable exploitation of innovative
electric drive trains for light-duty trucks (LDTs) based on clean
technologies, creating cars that are zero emission, reduce noise
pollution and provide high performance, quality and
reliability.
About Electric Car Company, Inc.
Electric Car Company, Inc. (OTCBB:ELCR) is a vehicle conversion
Company that specializes in electric conversion and manufacturing
for the livery and fleet markets including corporate VIP, Party
Buses, Municipal Buses, custom wheelchair accessible sedans and
Delivery Vehicles. The company brings together businesses
specializing in customizing vehicles & power trains. This
proven business strategy is building a dominant presence in the
aftermarket automotive up-fitter segment, including, but not
limited to "Pure Electric" cars, liquid propane conversions,
limousines & other livery vehicles, specialty fleet vehicles,
classic automobiles and custom restorations.
The Company has now positioned itself to deliver full "Pure
Electric" Specialty Vehicles in 2010. By accomplishing this goal,
the Company is poised to fulfill its strategy to offer and expand
the company's line of products that will revolutionize the
specialty automotive vehicle market.
Electric Car Company's wholly owned subsidiary, Imperial Coach
Works, Inc. and its custom manufacturing division Imperial Coach
Builders, Inc., is a limousine and specialty vehicle manufacturing
entity that operates out of a 60,000-sq/ft facility in Springfield,
MO. For more information visit: www.electric-elcr.com and
www.limoland.com.
www.electriccarstocks.com
Forward-Looking Statements
Safe Harbor Statement under the Private securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, but not limited to, certain delays beyond the Company's
control with respect to market acceptance of new technologies,
products and services, delays in testing and evaluation of products
and services, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
CONTACT: Electric Car Company
IR Pro 2.0
Henry Harrison
407-682-2001
hharrison@insidewallstreet.com
www.irprpro.com
Liberty Electric Cars, USA LLC
Beth Robinson
Lily Pickard
020 7845 6600
libertyelectriccars@focuspr.co.uk
Press Office c/o Focus PR
6th Floor, 9 Kingsway
London, WC2B 6XF
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