SOURCE: Electric Moto Corporation, Inc.

October 15, 2013 11:00 ET

Electric Moto Announces Joint Venture

CONGERS, NY--(Marketwired - Oct 15, 2013) - Electric Moto Corporation, Inc. (OTC Pink: EMOT) announced today that it has engaged in a Joint Venture with Advanced Automation Systems, of Rome NY, wherein the two companies submitted a proposal to create a prototype All-Wheel Drive Hybrid Electric Motorcycle for the Defense Advanced Research Projects Agency (DARPA).

AAC is an SBA Certified 8(m), woman owned technology company staffed by persons with backgrounds in research and development, command control communications and computers, medical systems design, automotive design, language translation and interpretation, photonics and quantum computing, radar, field support, and specialized programs for government customers such as the Special Operations Command (SOCOM)

EMOT and AAC have completed the first phase of the project, creating a broad plan for the application of EMOT's patented technology, and AAC's extensive experience in engineering applications and government contract work. The net result was a proposal submitted to the Department of Defense on September 25, 2013, detailing both the military and civilian applications of the vehicle designs.

Bob Lancellotti, Chairman and CEO of Electric Moto, pointed out how this JV was the beginning of a number of similar projects: "We have sought partnerships and associations with like-minded firms, in the interest of improving the shareholder value of each firm. We are pleased to say that this is just the first of what we believe will be many such opportunities for AAC and EMOT."

David Tyler, Vice-President of Business Development for AAC, offered his evaluation of the Joint Venture: "By combining the capabilities of both AAC and EMOT this advanced technology will not only significantly improve the capabilities of motorcycles in military style operations, but will also aid in many similar civil applications where internal combustion engines are not the first choice or are not able to be used."

About EMOT:

EMOT is a leading technology and lifestyle company dedicated to the development, manufacturing and distribution of zero-emission vehicles and related products. The 72 Volt Dual Sport Gen 1 Electric Motorcycle, and its Gen 2 successor, lead the charge of EMOT's "Green vehicles," along with its "pit bike," commuter motorcycle, scooter, electric bicycle, ATV, three-wheeled enclosed vehicle, and personal watercraft.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact Information

  • Contact:
    Robert J. Lancellotti
    Chairman, Acting CEO
    ElectricMoto Corporation, Inc.