July 26, 2011
T3 Motion Establishes Distribution in Egypt, Receives $105,000 Initial Order
COSTA MESA, Calif., July 26, 2011 /PRNewswire/ -- www.t3motion.com - T3 Motion, Inc. (NYSE AMEX: TTTM) a producer of clean technology electric vehicles, announced today that it has expanded its global presence into Egypt with the execution of a distribution agreement with the Giza Company for Electric Vehicles. Giza will exclusively distribute the T3 Series Electric Stand-up Vehicle (ESV) in Egypt. The Giza Company for Electric Vehicles placed an initial $105,000 order for T3 ESVs, which will be shipped during the third quarter.
The Giza Company for Electric Vehicles is a long-standing and respected company in Egypt and will provide all operator training and technical support for customers throughout the country.
"As Egypt enters a historic new era, our T3 ESVs can be a critical tool for community public safety initiatives that build cleaner, safer communities," stated Ki Nam, T3 Motion CEO. "Interest in our security vehicle in Egypt is a perfect example of how the T3 ESV's flexible design enables a great array of uses."
Sayed Galal, Managing Director for the Giza Company for Electric Vehicles, remarked "The T3 ESV is well-suited for the modern security requirements in Egypt. This vehicle is a valued extension of the Giza Company's product line, and we look forward to working in tandem with T3 Motion to bring these clean-technology attributes to Egypt."
This agreement further solidifies T3 Motion's presence in the Middle East, with contractual agreements in Qatar, Iraq, Kuwait, Lebanon, Saudi Arabia and the UAE. With this agreement, Egypt joins South Africa as the second African nation to have purchased T3 Motion products.
T3 Series Features
The T3 is a cutting-edge 'green' personal mobility vehicle specialized for use by law enforcement and security officers. The T3 leads the industry in these key features:
- Cost of operation less than 10 cents per day
- Zero-degree turning radius
- Two rechargeable, swap-able batteries
- Speeds up to 25 km/h, the equivalent of over 15 mph.
- 9-inch raised platform provides a superior vantage point
- 24/7 operation
About T3 Motion, Inc.
T3 Motion, Inc. (NYSE Amex: TTTM) revolutionized the world of personal mobility with the introduction of their flagship electric T3 Series. Headquartered in Orange County, California, USA, T3 Motion, Inc. is dedicated to raising the bar for law enforcement and security capabilities in personal mobility technology.
This year, T3 Motion unveiled the R3 plug-in electric consumer vehicle prototype. The proprietary rear-wheel design of the R3 features a patent-pending, single, wide-stance wheel with two high-performance tires sharing one wheel. The revolutionary two-tire design improves traction, stability, and handling, while the low rolling resistance and rounded profile of the rear tires increase energy efficiency. The R3 will incorporate the Samsung Galaxy into the sleek dashboard design. Due to its three-wheeled design, the R3 is classified as a motorcycle.
For more information on T3 Motion, Inc. and the company's signature T3 Series line of electric personal mobility vehicles, and the upcoming R3 consumer vehicle, visit www.t3motion.com, email [email protected] or call 714-619-3600.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding T3 Motion's business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
SOURCE T3 Motion, Inc.