LAS VEGAS--(BUSINESS WIRE)--Leo Motors, Inc. (Pink OTC Markets: LEOM) announced that it will debut their electric super car at the end of 2011. Leo’s electric super car project has been under way since 2006.
Named as LZ-1, Leo’s newly developing electric super car will have more rigid and safer body covered by carbon fiber and aluminum alloy. Leo’s long experienced automotive and electric engineers have meticulously crafted major parts of the car using new technologies emerging from the 56 patents pended or accepted. To make a true super car, Leo developed a new electric power train which will exceed its precedents in acceleration capability while passing other cars in the speed lane and long up-hill driving.
LZ-1 goal is to drive 249 miles with a single charge; to speed up to 161 miles per hour; to exert a maximum torque of 68kg/m generated from 240 kW electric motor, which would be a monstrous performance comparable with the mechanical performances of Tesla, the well known electric sports car. Tesla is known with driving range 249 miles, maximum speed 125 miles per hour, and maximum torque of 40kg/m using 215 kW electric motor.
Leo will also develop LZ-1H using its plug in hybrid electric vehicle (PHEV). Leo’s PHEV technology uses the mix of hydrogen and LPG to fuel the generator inside of the super car which keeps supplying electricity to the electric power train of LZ-1H. Leo’s new PHEV is a zero emission is different from others which use gasoline to fuel the generator. Using Leo’s new PHEV technology, it is expected that LZ-1H will drive 560 miles per fueling.
Leo has already finished the development of rolling chassis. John Lee, CEO of Leo Motors, is working with Wayne Draper and Steve Park, former chief designers of Ford, for the styling of the car. According to Mr. Lee, “Our goal is to make the new electric super car drive 0-60 miles per hour from the start within 2.9 seconds. If the goal is achieved Leo’s new super car would be the fastest among EVs including Tesla.”
About Leo Motors
LEO MOTORS is a US public company based outside of Seoul, Korea, engaged in the development, manufacture and sale of Electric Vehicle (EV) power trains and components. Leo has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed Zinc Air Fuel Cell Generator (ZAFCG) which will free EVs from range limitation with zero emissions.
Forward-Looking Statement
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.