Wakarusa, IN (PRWEB) August 23, 2009
Electric Motors Corporation, a Colorado corporation (EMCO.PK), a leader in the emerging electric vehicle industry, continues to move forward with its plans to establish a strategic manufacturing center in Northern Indiana. As part of this initiative, the company today announced an agreement with Livernois Vehicle Development, one of the largest automotive engineering firms in Detroit.
An industrial automation and assembly expert, Livernois will provide the engineering services to ensure that EMC's electric drive train systems are fully compliant with the chassis and body parameters of light, medium, and heavy-duty vehicles, including the Ford F150 pickup, which will be retrofitted with EMC's electric drive train systems. Livernois will be launching an electric vehicle engineering division as a direct result of its joint venture with EMC.
"Livernois is very excited about partnering with EMC on this exciting new project," said Norma Wallis, President of Livernois Vehicle Development. "It's a real boost for the economies of both Indiana and Michigan. We're creating new products as well as a new future by bringing the automotive market here in Michigan, together with the expertise of the recreational vehicle industry in Indiana."
In addition to its new partnership with Livernois, EMC has entered into agreements with several other automotive manufacturing companies in Indiana and Michigan, including recreational vehicle manufacturer Gulf Stream Coach. "Our partnership with Livernois, as well as with other leading companies, represents the beginning of a much larger network of suppliers, manufacturers, and other vendors to the electric vehicle industry," said Wil Cashen, EMC's CEO. "Incorporating electric drive systems into existing vehicles is fast becoming a significant part of the automotive industry's future. Livernois' superb engineering skills will help us achieve that goal faster and more efficiently."
Part of EMC's grand design is to establish Elkhart County, Indiana as the center of the EV industry in the United States. Elkhart, known as the capital of the recreational vehicle industry, has been hit especially hard by the recession, with unemployment topping 18 percent. EMC's Elkhart County facilities are expected to drive a significant number of jobs to the area.
"There are three factors coming together to make the 'perfect storm' for the electric vehicle industry," said Wil Cashen, CEO of Electric Motors Corp. "The availability of Federal loans will stimulate even more innovation in this area, and tougher CAFE standards means the auto industry as a whole is taking EV technology very seriously. But beyond government programs, the biggest factor driving this fledgling industry is the renewed entrepreneurial spirit we're seeing once again throughout the automotive community, as established auto manufacturers and new innovators alike create a whole new class of automotive technology. We're proud to be a leader of that movement."
Electric Motors Corporation (EMC) develops and manufactures electric power drive systems for electric vehicles for EMC brand and other various manufacturer brand cars and light duty trucks through its supply-chain network partners. EMC utilizes proprietary electric drive system technology and methodology of compounding motor-generators, EMC flex-fuel motors and energy control/management/storage systems to greatly reduce parasitic power train losses that significantly improve fuel efficiency and deliver cleaner emissions. EMC's power drive technology is clean, efficient, safe and reliable and simple to apply to vehicles produced currently and future electric plug-in and/or hybrid models. EMC electric power drive systems generate drive energy or charging energy that efficiently increases the vehicle total drive range for long distances. EMC's mission is to become the first independent company to mass-produce cost-competitive power-train systems for hybrid and electric vehicles and therefrom design, produce and sell company branded truck and car models internationally with superior performance and design advantage.
The company's corporate headquarters are located in Camarillo, California with research and development offices located in San Jose, California, and a manufacturing and distribution office Elkhart County, Indiana. All EMC issued press releases appear on EMC's website (http://www.emchq.com/main/news/index.php?link=19). Any announcement that does not appear on the EMC website has not been issued by EMC.
Special Note Regarding Forward-Looking Statements:
Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to EMC on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that EMC will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that EMC may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of EMC's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as other risks and uncertainties, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
For additional information, or interviews, please contact Kari Huston, Marketing Director; (574)320-5539.