Vision Industries and Burtek, Inc. to Enter Into Teaming Agreement
LOS ANGELES, May 17 /PRNewswire-FirstCall/ — Vision Industries Corp. (OTC Bulletin Board: VIIC), producers of zero emission electric/hydrogen hybrid trucks, is pleased to announce that it has signed a letter of intent with Burtek, Inc. to enter into a teaming agreement regarding Burtek’s representation and/or production of Vision’s hydrogen fuel cell-related products for the U.S. defense market. The Vision products under consideration for this teaming agreement include Class 8 hydrogen fuel cell trucks; its mobile synthetic hydrogen fuel generation system; and platform, trailer and other vehicle platforms with hydrogen fuel cell power trains as they are made commercially available by Vision.
“Consider the fact that a full 80 percent of all United States Marine Corps fatalities occur in convoys; 40 percent of which are primarily involved in the transport of both water and fossil fuels,” said Dr. James I. Finley, President and Chief Executive Officer of Burtek. “Reducing or eliminating the need to transport fossil fuels and water further entrenches the value of the hydrogen-fuel solution in saving American lives.”
Of the agreement, Martin Schuermann, President and CEO of Vision stated, “We are excited about the prospect of working with a company that has proven itself to be very successful in the military marketplace. The U.S. Marine Corps Systems Command is currently soliciting demonstration projects for its experimental, forward operating base exhibit at the Marine Corps Base in Quantico, VA. Burtek will secure a two-week exhibit of our hydrogen fuel generation and class 8 truck at Quantico and related exhibits in the Washington, DC area this fall.”
About Burtek, Inc.
Burtek, Inc. is a wholly-owned subsidiary of Rabintex Industries Ltd. Burtek, headquartered in Chesterfield, MI, specializes in the design, manufacture, testing and system integration of complex and customized military mobile ground systems such as radar systems, ground vehicles, shelters and trailers. For more information on Burtek, Inc., please visit www.burtekinc.com.
About Vision Industries Corp.
Vision is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. Vision’s proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell. Vision uses major manufacturers as partners or sub-contractors to produce its vehicles. This business approach avoids massive outlays of startup capital. Many regional, state and federal alternative energy programs in the form of grants, subsidies, tax credits and loans exist or are planned. For more information on Vision Industries Corp., please visit www.visionindustriescorp.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
Vision contact: Rusty Miller, 310.450.0299 Ext. 205 or Rusty@visionmotorcorp.com
SOURCE Vision Industries Corp.