Israeli Government Awards T3 Motion Two-Year Electric Vehicle Tender
COSTA MESA, Calif., May 8, 2012 /PRNewswire/ -- www.t3motion.com - T3 Motion, Inc. (NYSE AMEX: TTTM) a producer of clean/green technology, announced that Israel has awarded T3 Motion and its Israeli distributor, Yaum Ltd., a two-year contract for T3 Series Electric Stand-up Vehicles (ESV). The tender was awarded based on the results of a trial period carried out to measure the effectiveness of various ESVs within the market space. The trials were carried out in multiple cities throughout Israel including Haifa, Netanya, Ashdod and Tel Aviv. The two-year contract cements the T3 ESV as the default personal mobility vehicle for all Israeli government agencies.
"Time and time again, vehicle trials determine T3 Motion products to be uniquely durable, agile and quality tools that are enormously valuable to our customers. Our growing success not only in Israel but also in the international market at large clearly reflects these benefits and outlines our company's future accomplishments," Rod Keller, T3 Motion Chief Executive Officer, stated.
More than 3,000 T3 Series vehicles have been deployed in over 30 countries worldwide.
About T3 Motion, Inc.
T3 Motion, Inc. (AMEX: TTTM) designs, markets and manufactures the T3 Series, an electric stand up vehicle. Headquartered in Orange County, California, T3 Motion, Inc. is dedicated to raising the bar on environmental standards and law enforcement and security capabilities in personal mobility technology. For more information, visit www.t3motion.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding T3 Motion's business, which are not historical facts, are "forward-looking statements" that are not guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, among others, factors associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering. For additional information concerning these and other factors that may cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Registration Statement filed on Form S-1, as amended, and in the periodic reports the Company files from time to time with the Securities and Exchange Commission.
SOURCE T3 Motion, Inc.