Electric Car Company, Inc. Enters Into Agreement to Join Forces With Liberty Electric Cars, USA LLC
15 Juin 2010 - 2:00PM
Electric Car Company, Inc. (OTCBB:ELCR), a vehicle conversion
Company that specializes in electric conversions and manufacturing
for the Livery and Fleet Markets, today announces entering into a
Letter Of Intent Agreement with Liberty Electric Cars, USA LLC to
combine the respective expertise of the two Companies in the
production of zero emission,
Pure Electric
vehicles, (view video). The proposed Joint Venture is subject to
the execution of a definitive agreement.
The joint venture will focus initially on the conversion of
large luxury 4x4 vehicles like the Range Rover, using Liberty's
groundbreaking proprietary electric power train technology as well
as the manufacture of unique new Electric Vehicles like the
exciting Bug "e" project. Initially based at the Electric Car
Company conversion center in Springfield, Missouri, the agreement
will also include the establishment of further conversion centers
across the United States on a franchise or company-owned basis.
While the major focus of the EV industry has been on small city
cars, Liberty Electric Cars has developed revolutionary
technologies that enable large vehicles such as 4x4s to be
converted into 100 per cent "Pure Electric" drive trains. This
proprietary technology provides performance comparable with
internal combustion engine vehicles, and in some respects, even
better. It works by replacing the entire internal combustion engine
drive train with a proprietary electric power system using four
on-board motors (one for each wheel), and incorporating a
state-of-the-art energy storage system. This provides a performance
of 0-60 mph in less than 6 seconds with a top speed of 110mph and
range ability of 200 miles on a 6- hour charge. This has never
before been achieved in the 4x4 sector.
Electric Car Company specializes in electric conversion and
manufacturing for the livery and fleet markets including VIP
corporate limousines and delivery trucks. CEO Gary Spaniak explains
the thinking behind the collaboration: "By signing a letter of
intent with Liberty Electric Cars, we are able to utilize the most
innovative electric vehicle technologies available for
sophisticated, luxury 4x4 vehicles in the so called light-duty
truck sector." Mr. Spaniak continues by stating, "We are
incredibly excited about this new venture and feel that as a
combined force we can offer products that will revolutionize the
market for luxury and large 4x4s, providing for the first time
ever, a real alternative to the old and dirty internal combustion
engine."
"The new partnership with ECC is very important to Liberty
Electric Cars," explains Liberty's Managing Director Ian Hobday.
"It allows us to use our proprietary and patented technology to
convert cars for the U.S. market according to American standards in
the very modern and high-tech facilities provided by ECC." Mr.
Hobday continues by stating, "With the world's first pure electric
luxury 4x4, the Liberty E-Range, about to launch in the UK; the
development of a fun, 100% electric, beach buggy-style vehicle (bug
"e") for the U.S. market, and the announcement of the ECC
partnership, we are at a very exciting stage in the company's
growth and we are all looking forward to what the future
holds."
*In line with automotive industry methods of calculation
Notes to Editors
About Liberty Electric Cars
Liberty Electric Cars, www.liberty-ecars.com is a clean
technology company based in Oxford, UK, and with offices in Chicago
USA. The Company has invested in the re-engineering of
existing large, luxury vehicles (new or used). Their teams of
highly skilled engineers have applied their significant expertise
in automotive and electric power train technologies to develop a
unique and patented Pure Electric propulsion system for SUVs, MPVs
and 4x4s. The technology enables Liberty to convert large 4x4s and
similar vehicles so that they are zero-emission yet still provide
outstanding performance. Liberty Electric Cars aims to become the
global leader for the profitable exploitation of innovative
electric drive trains for light-duty trucks (LDTs) based on clean
technologies, creating cars that are zero emission, reduce noise
pollution and provide high performance, quality and
reliability.
About Electric Car Company, Inc.
Electric Car Company, Inc. (OTCBB:ELCR) is a vehicle conversion
Company that specializes in electric conversion and manufacturing
for the livery and fleet markets including corporate VIP, Party
Buses, Municipal Buses and Delivery Vehicles. The company brings
together businesses specializing in customizing vehicles &
power trains. This proven business strategy is building a
dominating presence in the aftermarket automotive up-fitter
segment, including, but not limited to "Pure Electric" cars, liquid
propane conversions, limousines & other livery vehicles,
specialty fleet vehicles, classic automobiles and custom
restorations.
The Company has now positioned itself to deliver full "Pure
Electric" Specialty Vehicles in 2010. By accomplishing this goal
the Company is poised to fulfill its strategy to offer and expand
the company's line of products that will revolutionize the
specialty automotive vehicle market.
Electric Car Company's wholly owned subsidiary, Imperial Coach
Works, Inc. and its custom manufacturing division Imperial Coach
Builders, Inc., is a limousine and specialty vehicle manufacturing
entity that operates out of a 60,000-sq/ft facility in Springfield,
MO., www.limoland.com.
www.electriccarstocks.com
Forward-Looking Statements
Safe Harbor Statement under the Private securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, but not limited to, certain delays beyond the Company's
control with respect to market acceptance of new technologies,
products and services, delays in testing and evaluation of products
and services, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
CONTACT: ELCR
Henry Harrison, IR Pro 2.0
407-682-2001
hharrison@insidewallstreet.com
Liberty Electric Cars
Beth Robinson
Lily Pickard
Liberty Electric Cars Press Office c/o Focus PR, 6th Floor
9 Kingsway, London, WC2B 6XF
020 7845 6600
libertyelectriccars@focuspr.co.uk
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