Liberty Electric Cars Ltd. Renews Agreement with $15bn US Truck Manufacturer for the On-going Suppor
Liberty Electric Cars Ltd. Renews Agreement with $15bn US Truck Manufacturer for the On-going Support of Electric Vehicles in Europe
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Liberty Electric Cars Ltd., a wholly-owned subsidiary of Green Automotive Company (OTC:GACR), announced today that late last month it renewed its contract with one of America's largest truck manufacturers to provide all aftermarket warranty support to its key electric vehicle (EV) customers in Europe.
Pursuant to the new agreement, Liberty will continue to take care of all warranty support as required by its client's customers, most of whom operate fleets of electric commercial vehicles in Europe. The client's customers include major companies such as FedEx, UPS and Veolia, who are using the first ground up electric trucks known as the "Modec," an EV that was launched four years ago to make pollution-free deliveries in urban areas.
Recognizing the need for special skills, knowledge and equipment required to service and support the rapidly evolving EV market, Liberty created a special division, branded as Liberty E-Care and based in Coventry, England, in order to provide independent, highly qualified advice to businesses and individuals with electric vehicles. Over the last few years Liberty has steadily increased its staff with highly skilled engineers, equipped with new and unique diagnostic tools, experience in safe intervention for high voltage systems, and access to the right parts to affect quality repairs. Liberty has developed and acquired a great deal of information regarding repairs on EVs, including, issues such as the impact of charging types and cycles on battery life, the effect of temperature on vehicle performance, the cost of replacement parts, likely failure issues and repair costs and time, and the costs of conversion programs on several well-known internal combustion engine vehicles on the roads today, both in the UK, Europe and the US.
In Liberty's fully-equipped Coventry and London facilities, the Liberty E-Care team can carry out all major warranty, servicing and repair work on electric vehicles, whether the customer requires a full service, fault diagnosis or mechanical repairs. In addition, Liberty carries an inventory of all key parts, and is able to provide a comprehensive range of upgrades and accessories to help improve and customise vehicles, helping ensure they remain in top condition and to help maintain their value.
Commenting on the renewal of the servicing agreement, Mr. Ian Hobday CEO of Liberty, said, "Thanks to our unique EV technologies, and relative long history and experience in servicing this new EV market, the renewal of our agreement with one of the world's leading truck manufacturers is a strong indicator that Liberty is one of the key EV service providers in Europe. As a result of our historical on-time, cost-effective service we are able to meet the needs of our growing list of customers in the EV market."
About Green Automotive Company : Green Automotive Company is a US public company involved in the Conversion, Import and Distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market through a combination of converting piston engine vehicles and importing existing EV's. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited a UK based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEM's for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty group of companies, can count on over 200 man years of experience in the Automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit www.usaelectricauto.com or write to firstname.lastname@example.org.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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