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Published in House and Home on Monday, August 9th 2010 at 23:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
LAS VEGAS--([ BUSINESS WIRE ])--Leo Motors, Inc. (Pink Sheets: LEOM) announced that it has successfully finished testing its converted electric truck on one of the steepest mountain roads in Korea, named Nogodan. The e-truck carried a 770-pound payload in its cargo deck, and successfully climbed the mountain road with an average speed of 30 miles/hour. The truck continuously ran 8.2 miles of hilly road with up to a 27 percent grade. 18 reporters from various media in Korea were on hand to witness the test.
"This event has a great significance in Korea, because the conversion law for electric vehicles (EVs) was announced today."
The converted truck is equipped with Leoa™s 30kW power train system and 30kW Lithium Polymer Power pack including Leoa™s high precision Battery Management System (BMS). Dr. Robert Kang, CEO of Leo Motors, said, aThis event has a great significance in Korea, because the conversion law for electric vehicles (EVs) was announced today.a Koreaa™s EV conversion law sets standards for power and safety when converting a standard internal combustion engine vehicle into an EV. More than 70 percent of the land of Korea is mountainous, making hill driving capability more crucial for electric vehicles in the country.
Dr. Kang said, aLeo Motors wants to be a pioneer in the EV conversion market as we plan to mass-produce various powers of electric power trains within the year.a Leo has developed 3kW~240kW electric power trains, and has completed tests of EVs using these power trains.
Pictures of the Nogodan climbing event are located on the Companya™s website, [ www.leomotors.com ].
About Leo Motors
Leo Motors is engaged in the development, manufacture and sale of electric vehicles (aEVsa) and EV components. Leo has designed many original EVs and has converted many models of existing internal combustion engine (aICEa) vehicles into EVs, including scooters, motorcycles, full speed sedans, highway buses and trucks. Leo Motors has also developed several original EV components, and is actively marketing them as a bundled conversion kit for ICE vehicles.
Forward-Looking Statement
This press release includes aforward-looking statementsa within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms abelieves,a abelief,a aexpects,a aintends,a aanticipates,a awill,a or aplansa to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the companya™s reports and registration statements filed with the Securities and Exchange Commission.
