LI-ION MOTORS CORP. (OTC BB: LMCO) Announces Major Lithium Fleet Acquisition by Fortune 500 Giant
Li-ion Motors and Kokam Ltd., Korea, Announce Partnership, 26 Billion Dollar Corporation’s Newest Vehicles to Utilize Kokam Lithium Polymer Batteries
November 21, 2005 - Li-ion Motors Corp. (OTC BB: LMCO) is pleased to announce that pursuant to executive meetings with one of America’s largest and most profitable corporations a large acquisition for Hybrid Lithium vehicles has been approved.
The vehicles will be part of a major fleet retro fit as corporate America is given directives to adapt fleets to convey “green policies” as well as to comply with federal mandates. The latest purchase involves a major marketing campaign; therefore, Li-ion Motors will release a further press release outlining their latest corporate partnership.
As part of Li-ion Motors’ ongoing corporate fleet sales and marketing initiatives, the 26 billion dollar corporation has agreed to purchase and take delivery of the highly acclaimed Lithium Mini Cooper model as well as the Daimler Chrysler Smart Car Lithium version. The vehicles will be part of the corporation’s rapidly expanding Hybrid fleet as part of the multi national corporation’s commitment to “green philosophy” as well as its well known philosophy of working with the latest in American technology.
In related news the Chairman of Kokam Corporation, one of the leading Lithium battery suppliers in the world, as well as senior executives from the Korean based battery magnate executed a partnership in Los Angeles, California. The latest Kokam battery packs will be utilized in the corporate vehicles as part of the joint venture and technology partnership. Kokam will be sending senior engineers from Korea to Li-ion Motors’ development facility and plant in North Carolina to develop and implement the latest Lithium system into the Lithium vehicles.
Holly Roseberry, President of Li-ion Motors, stated, “The combination of this major acquisition and our new partnership with Kokam batteries insures that the latest and most advanced technology will be implemented into these vehicles. We are very proud to be working with an American corporate giant and feel that their advanced philosophy matches perfectly with Li-ion Motors’ governing principle, which is technology today for a better tomorrow.”
Kokam Chairman and founder J.J. Hong stated, "We are very impressed by Li-ion Motors’ impressive growth and believe that their clients such as fortune 500 companies, automobile manufacturers and governments bring them into the forefront of the hybrid vehicle market. Li-ion Motors is paving the way for corporations such as ours to highlight the latest in advanced Lithium technology. We see this as a long and highly profitable relationship and we will support Li-ion Motors 100% in all their endeavors.”
The vehicles are scheduled for delivery by Q1 2006.
About Li-ion Motors
Li-ion Motors Corp. (OTC BB: LMCO) is an emerging leader in the development and marketing of Lithium powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. As current legislation moves towards clean energy, we foresee this industry as one of the fastest growing segments within the global economy. Li-ion Motors’ applications encompass a variety of products used globally on a daily basis, while enabling consumers to enjoy the comfort and power to which they are accustomed. Everything from scooters, bicycles, mopeds motorcycles, small vehicles, watercraft, military applications and many other essential products have been successfully converted to Lithium power.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
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