Xtreme Green Products and Westward Industries Enter Joint Venture
LAS VEGAS, Sept. 27, 2012 /PRNewswire/ -- Xtreme Green Products, Inc. (OTCBB: XTRG), a manufacturer of 100% electric and electric plug-in hybrid vehicles, announced it has signed a letter of intent to do a joint venture with Canada-based Westward Industries to develop an electric plug-in hybrid version of the GO-4 three wheel vehicle favored by many parking enforcement agencies .
"We believe this to be a natural fit for both companies and the progression to being the top choice for electric and electric plug-in hybrid specialty vehicles. GO-4 is a long standing brand and provides a well-designed, efficient vehicle and we bring our patented electric and electric plug-in hybrid propulsion system with the technology and battery capability that is unique to Xtreme Green," said Neil Roth, President, Xtreme Green.
Xtreme Green offers a wide array of electric and electric plug-in hybrid specialty vehicles including a three-wheeled Police Mobility Vehicle, ATVs and UTVs. G0-4 offers the three-wheeled specially designed enclosed gas-powered vehicles.
Any statements in this press release about future expectations and prospects for Xtreme Green Products and its business and other statements containing the words "believes", "anticipates", "plans", "expects", "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. Xtreme Green Products undertakes no obligation to update these forward-looking statements in the future.
Xtreme Green Products, Inc. is a Nevada company which has developed 100% electric-powered and electric plug-in hybrid vehicles. These green-powered products include police mobility vehicles, ATVs, UTVs, utility trucks and EMS vehicles. The Company's proprietary energy management systems using Lithium Iron Phosphate batteries possess the power/ability of gas-powered engines, but without particulate or noise pollution. To date, XGP has sold its vehicles in the United States, Mexico, Saudi Arabia and Ukraine but is completing approval to sell in the European Union and expanding into Australia, Central/South America and the Mideast in 2012 and 2013.
SOURCE Xtreme Green Products, Inc.