NEWS SOURCE: Armor Electric Inc.
SOLANA BEACH, CA – June 29 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC BB: ARME) is pleased to announce that the engineering evaluation and testing phase of the electric propulsion system for the ‘Mexico City Three Wheel Taxi Cab’ project has been successfully completed. The Mexico City management group plans to conduct the final visual inspection, design buyoff, and final testing during the first week of July at the Las Vegas design and testing facility. During this meeting, aggressive manufacturing ramping capabilities and the manufacturing production schedule for this project will be discussed and determined.
Recently, the management of the Mexico Taxi Cab company has identified the next phase of follow-on product design and has requested that the Strategic Partnership begin the immediate design of a prototype four wheel electric vehicle. This new design would be used in the greater suburban areas of Mexico City. The four wheeled version would be designed with larger capacity and expanded performance.
In order to expedite the design phase of the new four wheel electric vehicle project, Armor’s Strategic Partnership will use an adapted design of their existing electric powered NEV (Neighborhood Electric Vehicle). This existing unit has completed the engineering design review and testing phases and should be a good match for the four wheel electric taxi cab vehicle required for the Mexico City project.
Armor is encouraged by the successful testing of the ‘Three Wheel Taxi Cab’ and the potential for the success of a four wheel electric taxi cab unit.
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, cschertzer @ armorelectric.com, 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.
News issued by: Armor Electric, Inc.
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Original Story ID: (1782) :: 2006-06-0629-002
Original Keywords: Armor Electric Inc., OTC BB: ARME, electric powered NEV Neighborhood Electric Vehicle, ARME.ob, Armor Electric, Inc.
NEWS SOURCE: Armor Electric Inc. | Published: 2006-06-29 15:32:00
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