INDIANAPOLIS, IN--(Marketwire - Mar 26, 2013) - Echo Automotive, Inc. (OTCQB: ECAU) ("Echo Automotive," "Echo" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to advise on the outcome of the investor open house held last week at its Anderson, Indiana R&D facility.
The Company is grateful to each and every attendee for their participation in its first ever investor open house. The theatre-style presentation was held at Echo's research lab and included a full scale chassis containing a complete EchoDrive™ system in order to fully outline the technology as well as the many features and benefits.
"We were very pleased by the response and active interest from the many people who wished to attend," stated Jason Plotke, Echo's President. "Anderson isn't exactly in a metropolitan area, so for those folks that attended our open house, their participation showed a clear desire to actively engage with us, which we viewed as a tremendously positive indication of their interest."
The Company offered a structured agenda that kicked off with an introduction of key executives and senior management. The list included Echo's key technical staff including Dave Crecelius (VP Engineering), Sean Stanley (VP System Integration), John Waters (CTO), and Jeff Ronning (VP System Architecture) in addition to Patrick van den Bossche, Echo COO/Managing Director, Jason Plotke, Echo President, and Amy Dobrikova, VP of Sales and Marketing. Patrick van den Bossche provided a detailed business update followed by a full development plan overview by Jason Plotke and lastly, a technical overview provided by Dave Crecelius.
There was a wide-ranging question and answer session held immediately upon completion of the presentations during which the Company made available its entire key management team. The Echo team fielded questions ranging from highly technical to business oriented questions; including sales, distribution and commercial overview queries. Echo Automotive further wishes to advise it will shortly provide a video of the entire presentation (along with much of the Q&A session) on its corporate website at www.echoautomotive.com.
"There were very good questions which indicated outstanding thoughtfulness and preparation on the part of the many Echo investors in attendance," stated Patrick van den Bossche, Echo COO/Managing Director. "They came prepared and they were very engaged."
The Company went on to provide a tour of its facilities and also gave attendees an opportunity to participate in a ride and drive of the EchoDrive™ demonstration vehicle. Echo reported positive feedback and comments from all participants. Many congratulations were also offered to the Company for its product and business accomplishments to-date. Particular recognition was made regarding the recent 2013 NTEA Work Truck Editor's Choice Award won by Echo.
"Quite a few of the attendees were truly surprised how efficiently and logically designed the EchoDrive™ system is," added Dave Crecelius, Echo VP of Engineering. "They took a close look at the system and were extremely complimentary of its elegant simplicity."
As a continuation of the transparent management style the Company exhibited at the Open House, Echo Automotive encourages all interested parties to contact Echo at any time. Questions or comments can be submitted to our Investor Relations team at the following link: http://www.echoautomotive.com/contact/investorinquiry, and we look forward to your interest.
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. (OTCQB: ECAU)
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.