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Leo Motors Develops Conversion Kit for 1 Ton Truck

^{Published on 2010-09-02 03:20:32 - Market Wire}
 

LAS VEGAS--([ BUSINESS WIRE ])--Leo Motors, Inc. (Pink Sheets: LEOM) announced that it has successfully finished testing its conversion kit for 1 ton (2,200 pound) load rated trucks. Installed in Hyundai Motorsa™ truck named Porter, the converted e-truck can carry a 2,200 pound payload in its cargo deck, can run maximum speed of 70 Mph, and can climb mountain roads up to a 35 percent grade with an average speed of 30 Mph.

"This development has a great significance, because the 1 ton truck is the most-used truck size in Asia and in Europe."

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 development has a great significance, because the 1 ton truck is the most-used truck size in Asia and in Europe.a

Leoa™s conversion kit uses the existing power transmission of the internal combustion engine (ICE) truck, and thus it gives the same driving experience as with the ICE truck. After testing the converted truck, Leo intends to market the conversion kits and services to fleet operators as well as make the kits available to existing truck manufacturers. Leo intends to market the kits globally.

Pictures of the 1 ton truck 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.