MONTREAL, QC and VANCOUVER, BC--(Marketwired - December 05, 2016) - MAYA Heat Transfer Technologies Ltd. (hereinafter MAYA) and Electra Meccanica Vehicles Corporation jointly announced today that the two companies have agreed to collaborate to help Electra Meccanica enhance the development and accelerate the time-to-market for its new SOLO electric vehicle.
MAYA has been selected for its in-depth knowledge of Siemens' product lifecycle management (PLM) software solutions as well as its expertise in the computer aided engineering (CAE) and the automobile industry, which are instrumental in ensuring design optimization in structure, thermal, flow and material composition and to maximize the overall performance of SOLO.
Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce congestion, air pollution and operating cost. It has a top speed of 80 miles per hour with a 100 mile range on a full charge that would cover most drivers' daily commuting needs, making SOLO the ideal supplementary vehicle that is fun to drive at an affordable price. Pre-orders can be made by visiting the SOLO website at http://smallEV.com.
"The team at MAYA has been an integral part in expediting the development time in helping bring the SOLO EV to market," said Jerry Kroll, CEO of Electra Meccanica. "Their engineering solutions help to enhance the vehicle's performance capabilities in making it a true driver's car with an unmatched ride and handling."
"At MAYA we believe that electric cars, fed by grids with renewable energy, and the electrification of transportation in general, will be the driving force in reducing fossil fuel consumption. Working with Electra Meccanica, we intend to apply our expertise in simulation and our experience in the automotive industry to help bring SOLO to the market," said Inta Zvagulis, President, MAYA Heat Transfer Technologies.
About Electra Meccanica
Electra Meccanica Vehicles Corp. is a Canadian-based designer and manufacturer of the SOLO, an all-electric, single passenger vehicle developed to revolutionize the way people commute. Electra Meccanica combines founder Jerry Kroll's extensive background in the race car industry with Intermeccanica custom coach builders' 50 years of experience building high-quality, specialty vehicles. With the release of its first production vehicle in 2016, the Electra Meccanica SOLO, the company aims to put an electric vehicle in everyone's driveway by making ownership simple, fun and affordable.
More information is available at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.
About MAYA Heat Transfer Technologies
MAYA Heat Transfer Technologies works with engineering firms to solve their most challenging issues. Our expertise in CAE and ability to address the specific needs of companies' applications, processes, organization and resource help promote innovation, reduce product cost, improve quality, and accelerate time-to-market. As a core Siemens PLM Software partner, MAYA brings an intimate knowledge of a broad range of products and technologies that enables the delivery of end-to-end solutions customized to meet the most demanding customer needs. http://www.mayahtt.com
Safe Harbor Disclosure
This news release contains statements that constitute "forward-looking" statements. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. These statements appear in a number of different places in this news release and, in some cases, can be identified by words such as "anticipates", "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words. Such forward-looking statements are subject to certain known and unknown risks, uncertainties and other factors which may cause Electra Meccanica's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such statements. Forward-looking statements include statements regarding the outlook for Electra Meccanica's future operations, plans and timing for Electra Meccanica's SOLO vehicle, electric vehicle programs, statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical facts. Although Electra Meccanica believes that its expectations reflected in such forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic and business conditions, hazards customary in the automotive and technology industries, competition in wholesale and retail markets, the volatility of production and manufacturing prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, changes in the electric vehicle market, and our ability to achieve the expected benefits and timing of our electric vehicle projects. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Electra Meccanica undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.