NEW YORK, July 29, 2015 /PRNewswire/ -- World Moto, Inc. (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company"), a leader in advanced solutions for motorcycle taxis and on-demand transport, today announced Krystal Microsystems (Krystal), an experienced contract manufacturer in Thailand, is commissioned to begin the first production run of the Moto-Meter™ immediately.
"Our agreement with Krystal marks the beginning of commercial Moto-Meter™ production and sales," said Paul Giles, CEO of World Moto. "The Company can now begin fulfilling purchase orders and focus on growing sales."
Krystal Microsystems' engineers are currently preparing the assembly line and manufacturing process for production builds of the Moto-Meter™. Shipping is expected to begin in 6-8 weeks.
Giles continued: "After a detailed analysis, we selected Krystal because of their ability to meet all of our requirements—including line availability, lead times, speed of expansion, technical expertise, and terms and pricing. We look forward to shipping product and seeing Moto-Meters in operation around the world."
Krystal Microsystems is a contract manufacturer and design company located in the Navanakorn Industrial Estate in Pathumthani, Thailand. Led by a veteran Silicon Valley management team with more than 50 years of hands-on experience in product development and manufacturing, Krystal employs a highly skilled approach to manufacturing and assembly.
About World Moto
World Moto is a technology company that designs, manufactures, markets and sells Moto-Meter products, devices that provide moto-taxi fare metering and other communication capabilities. The Company's Moto-Meter patents have been granted in 4 countries, with applications pending in another 56 jurisdictions. World Moto's products and services include the Moto-Meter™, arguably the world's first motorcycle taxi meter, Wheelies™, which display static and streaming media content on the wheels of motorcycles and automobiles, and Yes™, an e-hailing and on-demand services app. For more information on World Moto, please visit World Moto's website at www.worldmoto.com.
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SOURCE World Moto, Inc.