CONGERS, N.Y., Jan. 16, 2013 /PRNewswire/ -- Electric Moto Corporation, Inc. (OTCMarkets/Pink Sheets : EMOT ) announced today that it had acquired exclusive licensing rights to a unique, patented process for heat dissipation in electric vehicles.
The patent for the process was issued in July of 2012 to United States Alternative Energy, LLC. According to the terms of their agreement, EMOT has provided and will continue to provide a wide range of corporate and business development services in return for exclusive rights to all the intellectual property produced by USAE.
Robert J. Lancellotti, Chairman and Acting CEO of EMOT, indicated that assistance in acquiring capital, or leveraging existing assets so as to provide capital, was a primary component of the agreement. He went on to say that other areas of business assistance, among them personnel, marketing, branding, and manufacturing, were also areas in which EMOT would provide consulting services for USAE.
According to Mr. Lancellotti: "We believe that this is the first of many similar Joint Ventures, mergers, and the like between EMOT and like-minded companies. We have been saying for years that strategic relationships of this type, particularly in this economic environment, produce companies, technology, and product lines far superior to those that exist individually. For shareholders, the resulting whole is far greater than the sum of the parts."
EMOT is a leading technology and lifestyle company dedicated to the development, manufacturing and distribution of zero-emission vehicles and related products. The 72 Volt Dual Sport Gen 1 Electric Motorcycle, and its Gen 2 successor, lead the charge of EMOT's "Green vehicles," along with its "pit bike," commuter motorcycle, scooter, electric bicycle, ATV, three-wheeled enclosed vehicle, and personal watercraft.
Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.
Contact: Robert J. Lancellotti
Chairman, Acting CEO
ElectricMoto Corporation, Inc.
SOURCE Electric Moto Corporation, Inc.