DALLAS--(BUSINESS WIRE)--Green Automotive Company Corporation (OTC:GACR) announced today that Roush Industries has been retained to provide structural and vehicle engineering support as the Company begins the process of testing and confirming that its All-Electric SUV meets or exceeds all Federal Motor Vehicle Safety Standards.
“Engineers from Roush have recently finished four days of initial inspections here in California, performing an engineering review of the All-Electric SUV,” said Fred Luke, President of Green Automotive. “We intend to stay on track toward meeting our goal of launching retail sales of the All-Electric SUV in the U.S. through a network of selected dealerships by the end of this year.”
Roush Industries (www.roush.com) is a premier provider of automotive engineering and systems integration solutions, with over 2,500 employees in facilities around the world. The broad scope of engineering expertise at Roush, which includes areas such as advanced composites, body design and engineering, paint and trim services, fabrication and instrumentation, positions the Company to provide seamless support during the entire vehicle testing cycle.
According to the Company, the initial phase of work underway is currently divided into four steps. Step one involves an engineering review of vehicle construction with special attention paid to safety features to include airbags, seat belts and other safety design elements. Step two involves mapping the vehicle data against the required safety standards in the Roush homologation database. Step three entails vehicle testing, vehicle tear down and the processing of all data obtained for comparison to the Federal Motor Vehicle Safety Standards. Step four involves the compilation of a report that details the test findings and includes recommendations for any vehicle improvements. In the context of the automotive industry, homologation refers to the process of testing and confirming that a vehicle meets or exceeds all Federal Motor Vehicle Safety Standards. All vehicles sold in the United States must go through this comprehensive process.
About Green Automotive Company: Green Automotive Company Corporation is U.S. public company involved in the import and distribution of Eco-friendly vehicles in the US. The Company has an exclusive importer/distributor agreement to market the Zotye All-Electric SUV and MPV All-Electric vehicles throughout the United States. The Company’s shares are on the OTC Market Tier–OTC Pink Current under the symbol “GACR”. Visit www.usaelectricauto.com or write to info@usaelectricauto.com
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 Corporation 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.