T3 Motion, Inc. Secures $51MM Exclusive Distributor Contract for Middle East Market
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SAUDI ARABIA BASED COMPANY BECOMES MIDDLE EAST MASS DISTRIBUTOR OF T3 i-SERIES ESV COSTA MESA, Calif., July 9
COSTA MESA, Calif., July 9 /PRNewswire/ -- T3 Motion, Inc. proudly announces a three-year contract valued at approximately $51 million (USD) to supply the T3 i-Series electric stand-up vehicle (ESV), accessories, and servicing with a distribution company based in Saudi Arabia.
Interest from the Middle East region in the T3 i-Series personal mobility vehicles have grown dramatically since the T3 Series was originally launched in October 2006. In the United Arab Emirates, T3 i-Series vehicles are already in use by the Abu Dhabi Police who proudly announced their acquisition of T3 i-Series ESVs at the recent IDEX trade show held in Abu Dhabi, U.A.E.
About the T3 i-Series:
Reaching speeds up to 15 m.p.h. [25 k.p.h.] and designed with the input of law enforcement and security industry professionals, the T3 i-Series feature a zero-degree turning radius and compact design--perfect for maneuvering through crowds and tight spaces. Also unique to the T3 i-Series is the most user-friendly intuitive operation of its kind, giving the rider a sense of superior stability.
The quiet environmentally-friendly zero gas emission vehicles include an integrated LED lighting system and an incomparable low cost of operation--running for less than 10 cents per day and never requiring any down time due to the T3's two rechargeable, lightweight batteries that can be easily swapped out while in-use for continual deployment and an unlimited range.
T3 i-Series Features:
- High-performance vehicle with a zero-degree turning radius for improved maneuverability in crowds and tight spaces
- Two rechargeable and interchangeable lightweight power modules for constant use without down time
- Capable of reaching speeds up to 15 m.p.h. [25 k.p.h.] for the quickest response possible without officer or personnel fatigue
- An instinctive vehicle with easy-to-operate controls and responsive steering that allows officers and security personnel to focus on response to the situation
- A 9-inch raised platform providing a superior vantage point but still allowing for interaction with the community
- Robust cargo capacity of 450 pounds [204 kg] (rider + equipment) includes the ability to tow personnel and equipment/cargo trailers
Additional T3 i-Series Features Specific to Law Enforcement and Security:
- Integrated LED lighting system
- Fully-compliant headlights, brake lights and running lights
- Audible siren and yelp horn
- Lockable glove box for storage
- Optional GPS-enabled tracking system
- Optional on-board video camera system
About T3 Motion:
T3 Motion, Inc. revolutionized the world of personal mobility with the introduction of their flagship T3 Series law enforcement electric stand-up vehicles at the International Association of Chiefs of Police conference held in October 2006. Headquartered in Orange County, California, T3 Motion, Inc. is dedicated to raising the bar on environmental standards and law enforcement, government/military, and security capabilities in personal mobility technology. For more information on T3 Motion, Inc. and the company's signature T3 Series line of electric personal mobility vehicles and the electric CT Series Micro Car and the CT3 Commuter Vehicle, visit www.t3motion.com or call (714) 619-3600.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to T3 Motion, Inc. (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, new or revised governmental laws and regulations (or the lack thereof) that affect electric vehicles, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, the demand for the company's products in the Middle East, the ability to manufacture T3 vehicles quickly in order to meet demands, our ability of our distributor to market, advertise, ship, deliver and otherwise support the sale and usage of the T3 vehicles, general economic conditions, the availability of funds for capital expenditure and financing in general by us and our customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to produce the vehicles and acquire their components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company, including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended December 31, 2008, and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
SOURCE T3 Motion, Inc.
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