Solutions Group, Inc. (SOLU) Offers Fix for 40 Million Toyotas
April 05 2010 - 12:35PM
Marketwired
Solutions Group, Inc. (PINKSHEETS: SOLU) announced that it is
preparing to provide a totally independent brake override safety
system to ALL 40 million plus cars built over the years by Toyota
Motor Company that utilizes their electronic throttle control
system (ETCS). Furthermore, the patent pending Decelerator, built
by Solutions Group, is being designed and produced for all makes
and models including Toyota. Toyota Motor Company has reportedly
recalled 8.5 million vehicles worldwide recently, and consumers
have reported 52 deaths associated with sudden acceleration in
Toyota vehicles, NHTSA has said.
"A single death is needless when a solution is available,"
stated Don Cook, inventor of the Decelerator. He continued, "The
Decelerator is inexpensive and easy to install, why wouldn't you do
it?"
Sean O'Neil, Solutions Group, Inc.'s CEO, commented on his
discussions of the matter with a group of concerned vehicle owners.
"What really puzzles me is the money that is being put into
deciphering the problem and yet very little was being dedicated to
creating a fix. In addition to this, while Toyota may be getting
the brunt of the negative publicity, the problem is industry
wide."
Toyota spokeswoman Cindy Knight, at a recent press conference,
said, "All automakers electronics are subject to faults due to EMI,
none of the automakers have designed systems that can detect it,
much less prevent it; no automakers have properly shielded their
electronics or designed fail-safes or black boxes or brake override
systems that actually work reliably."
Mr. O'Neil went on to say, "We at Solutions Group agree with all
this. Our engineers have been in the engineering and product
development business for decades, and since it is a foregone
conclusion that no electronic system is completely impervious to
EMI, there is a imperative need for independent backup systems for
critical, and in this case potentially life threatening, circuitry
for automobiles."
Solutions Group is expanding its Decelerator line to include
other vehicle manufacturers and is expected to be released starting
later this summer. An analysis of the needs of the various auto
manufacturers is currently underway to determine the size and scope
of the each manufacturer's requirements, as well as determining
priorities for their initial applications. Unit sales volume and
dollar estimates of the total market potential and forecasts of
revenues will be derived shortly from this analysis and
announced.
About Solutions Group Corp: Solutions Group (SGI) has a history
of being a world class international provider of Engineering
Services and innovative products focused around the Automotive and
Transportation Industry. The Company seamlessly integrates its
regional design centers in North America with its lower cost
off-shore engineering locations in Europe and Mexico to provide a
greater pool of engineering talent and reduced product design cycle
times. Solutions Group creates greater value for its shareholders
by leveraging its core engineering competencies into other
opportunities including royalty partnerships, intellectual property
creation and selective acquisitions. SGI's customers currently
include major Fortune 500 companies, small and mid-range OEMs and
sales to the general public.
For more information please visit our website at:
www.solutionsgroupcorp.com
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/solutionsgroup-20100405/
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This press release contains forward-looking statements that are
made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, particularly those
statements regarding the effects of the proposed transaction and
those preceded by, followed by or that otherwise include the words,
"believes," "expects," "anticipates," "intends," "estimates," or
similar expressions. Forward-looking statements relating to
expectations about future results or events are based upon
information available to The Company as of today's date, and The
Company does not assume any obligations to update any of these
statements. The forward-looking statements are not guarantees of
the future performance of The Company and actual results may vary
materially from the results and expectations discussed.
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Contact: Kim Carroll, Investor Relations: +1 949 630 9831
Solutions Group, Inc. 4050 Calle Real Santa Barbara, CA 93110-3413
(805) 964-3344 Smart Throttle Technologies LLC 877-332-3537 /
(877-DECELER) http://www.thedecelerator.com/contactus.asp
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