Turning Pennies into dollars: (OTC:LEOM) Leo Motors, Inc.
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EV-olutionary Theory
(OTC:LEOM) Leo Motors, Inc.
EV-olutionary Theory
Friday February 6, 4:35 am ET
-During his inaugural address, President Obama spoke plainly about the nation?s energy crisis and our reliance on foreign oil: ?. . . each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.? While promises of a vast national economic recovery and stimulus plan revolving around infrastructure refurbishment and clean technologies are inspiring to many, for the moment at least, those plans remain diffuse.
?Electric vehicles might hold the key for a cleaner, safer, greener future,? says Dr. Robert Kang, Chairman and Chief Executive Officer of Leo Motors, Inc., a Korean-based company that, through its operating subsidiary, Leo Motors Co., Ltd., has introduced to the world a line of environmentally sound, cost efficient, and beautifully designed Electric Vehicles and EV components.
Indeed, of all the potential alternative energy sources currently being considered?solar, wind, wave?electricity remains the only power alternative that is readily available for automobiles recently. ?The EV industry has become one of the fastest growing businesses in the world,? Dr. Kang explains, ?but high cost and performance barriers such as inefficient RPM and torque control, high voltage control, charging time, and limited range and speed, has thus far hampered the widespread acceptance and viability of electric cars.?
Leo believes that its patented multi motor system remedies the problems that have long-plagued EVs. Using a combination of smaller motors, Leo?s MMS allows vehicles to operate from one low powered motor to four, depending on driving mode. The MMS holds the potential to become the standard EV technology for high performance highway driving and larger vehicles such as trucks and buses.
?The major car manufacturers are expected to enter the EV market within the next two to three years,? explains Dr. Kang. ?In addition to manufacturing our own EVs, Leo will diversify by marketing our component parts to other EV and PHEV makers.? Indeed, the company recently entered into an agreement with the city government of Puerto Princesa, Philippines, to supply 5,500 LSV taxis to the city in order to solve the region?s growing pollution and gas price problems with its existing tricycle taxis.
?With a robust product pipeline that includes sport utility vehicles, motorcycles, military vehicles, even ?super cars? designed to go from 0-100KM in 2.9 seconds,? says Dr. Kang, ?the time has come to embrace EV-olutionary theory.? Visit www.leomotors.com to learn more.
Contact:
IRG Laura Colontrelle, 212-825-3210 Source: Leo Motors, Inc.
Profile for Leo Motors, Inc.
Leo Motors, Inc. engages in the manufacture and sale of electric vehicles and EV components. It offers two, three, and four wheel vehicles, which are powered by electricity. The company was founded in 2006 and is based in Wonju, South Korea.
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