Engineering Evaluation and Testing Completed - Follow-On Product Identified
June 29 2006 - 6:30AM
PR Newswire (US)
SOLANA BEACH, Calif., June 29 /PRNewswire/ -- Armor Electric Inc.
(OTC:ARME) (BULLETIN BOARD: 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, , 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. This release was issued on behalf of the above
organization by Send2Press(R), a unit of Neotrope(R).
http://www.send2press.com/ DATASOURCE: Armor Electric Inc. CONTACT:
Cheryl Spousta-Schertzer of Armor Electric, Inc., +1-858-720-0354,
Web site: http://www.armorelectric.com/
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