SOURCE: RMD Technologies, Inc.

September 14, 2010 07:30 ET

RMD Technologies, Inc. Engages Elementary Design to Provide Vehicle Framework and Parts for Its Electric Vehicles

SAN MARCOS, CA--(Marketwire - September 14, 2010) -  RMD Technologies, Inc. (PINKSHEETS: RMDT) is pleased to announce that the Company has entered into an agreement with Elementary Design www.Elementary-Design.com for the production of vehicle frames and sub-assemblies for the Company's small Electric Vehicles.

Elementary Design is a design and manufacturing company located in Escondido, CA. The business was formed in 2008 to design prototypes and manufacture a number of different products, many of them for the off-road motorsports market. Through a combination of in-house production and a cohesive group of vendors the Company covers a wide spectrum of manufacturing processes.

Matt Pascoe, Owner of Elementary Design, will be instrumental in the development of the core product as well as collaborating with RMD Technologies in the final design phases of the current small Electric Vehicles. Mr. Pascoe will also assist with the continuing development of new and forthcoming models.

As RMD Technologies recently announced, the Company has commenced operations at the new facility located in San Marcos, California. The Company expects to launch sales of these new vehicles during the fourth quarter of 2010 with delivery of the first units shortly thereafter.

"Finding the right associate has been a very important milestone. The vehicles are being designed using state of the art 3D design and CAD software. We anticipate that the finished product will be a rewarding reflection of the expertise and collaborative nature of this partnership," stated Patrick Galliher, CEO of
RMD Technologies, Inc.

RMD Technologies, Inc. has designed its vehicles to qualify for all federal and state purchasing incentives, including the current federal tax credit available under the Energy Improvement and Extension Act of 2008.

About RMD Technologies, Inc.

RMD Technologies, Inc. is a California based business founded in 2001. Since inception, RMDT has provided electronics recycling services to businesses, state and federal agencies. In 2007 RMDT began the development of an alternative energy vehicle using a large percentage of materials recycled from electronic waste. The result is a small electric vehicle design that incorporates recycled materials, clean electric energy and solar power.

Forward-looking Statement

Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Please Visit Our Website for More Information at: www.RMDT.com

Contact Information

  • For Investor Relations Contact:
    Patrick Galliher

    760 356 2039