SmallCapNewsRelease:(OTCBB: LMCO) Enters Into LOI for 1,000 Electric Vehicles
JERICHO, NY—(SmallCapNewsRelease)—December 6, 2011, Li-ion Motors, Corp. (OTCBB: LMCO) has announced today that they have entered into a Letter of Intent (LOI) to convert 1,000 vehicles from gas to all lithium electric, with the capability of highway speeds and a range of 120 miles.
Li-ion Motors has already successfully converted a Pontiac Vibe, PT Cruiser, Mini Cooper, Toyota Yaris and a Smart Car to all lithium electric. The LOI calls for the conversion of two Ford Explorers within 120 days before production of the 1,000 vehicles commence.
Li-ion, formed in 2000, has pioneered the advanced development of lithium ion battery technology. With nearly a decade of research and development, the Company has been converting internal combustion cars to all electric all along and is poised for significant growth moving forward.
To view the entire press release, please visit http://finance.yahoo.com/news/Li-ion-Motors-Corp-Receives-iw-2856549883.html?x=0
SmallCapNewsRelease automotive industry movers on the day are General Motors Co (NYSE: GM) Ford Motor Co (NYSE: F) Toyota Motor Corp (NYSE: TM) Nissan Motor Co (OTC: NSANY) Honda Motors (NYSE: HMC) Tesla Motors (NASDAQ: TSLA) Tata Motors Limited (NYSE: TTM) and Volkswagen AG (OTC: VLKAY)
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