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ARME Arima Real Estate Socimi SA

8.32
-0.04 (-0.48%)
22 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Arima Real Estate Socimi SA AQEU:ARME Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.04 -0.48% 8.32 8.32 8.56 8.32 8.32 8.32 38 15:26:24

Prototype Pedi-Cabs Ship to Mexico

17/05/2007 12:30pm

PR Newswire (US)


Arima Real Estate Socimi (AQEU:ARME)
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SOLANA BEACH, Calif., May 17 /PRNewswire-FirstCall/ -- Armor Electric Inc. (OTC:ARME.OB) (BULLETIN BOARD: ARME.OB) is pleased to announce that two prototypes of the electric powered pedi-cab will be shipped today to Mexico City where the vehicles will undergo standard certification testing by official government engineering labs. Representatives of the purchasing client, BIMO Electrico S.A., visited the facilities of Armor's EPS partner last week to inspect final engineering changes and to arrange for customs clearance. BIMO is paying for the transportation and testing of the vehicles, and after government certification BIMO is committed to a large scale purchase order. Armor expects the orders to ramp up on a monthly basis as manufacturing expands until the entire 40,000 unit requirement is fulfilled. Merrill Moses commented: "Today is an exciting day for Armor and its shareholders. For more than a year, we have pursued the BIMO order with our EPS partners, funding large development costs and enduring numerous engineering changes and challenges as well as the usual delays expected when doing business with government entities. We anticipate a smooth certification process and hope to be able to announce orders and revenue for our shareholders in the near future. We are confident that a successful launch of the electric pedi-cabs in Mexico City will bring serious interest from metropolises around the globe that currently face unmanageable gridlock, pollution, and oil scarcity." About Armor Electric, Inc. Armor Electric, Inc. is a leader in the design, manufacture, and distribution of electric battery power drive systems for land and water vehicles. For further information, please contact: Investor Relations, , http://www.armorelectric.com/, 858.720.0354 This information may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed on the website might not occur, and actual results could differ materially from those anticipated or implied in the forward- looking statements. DATASOURCE: Armor Electric Inc. CONTACT: Armor Electric Inc., Investor Relations, +1-858-720-0354, or Web site: http://www.armorelectric.com/

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