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SOLU Solutions Group Inc (CE)

0.000001
0.00 (0.00%)
05 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Solutions Group Inc (CE) USOTC:SOLU OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Solutions Group, Inc. Announces its First Sale of the Decelerator and Confirms Ship Date

14/09/2010 4:59pm

Business Wire


Solutions (CE) (USOTC:SOLU)
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Solutions Group, Inc. (OTC:SOLU.PK) announced today the Decelerator, a product from its subsidiary, Smart Throttle Technology, LLC, has received its first order and will begin shipping product on Friday, September 17th.

“Smart Throttle recently announced that the decelerator passed the necessary standards ISO 7637-2 and SAE J1211,” stated Randy Aldridge, Smart Throttle’s Chief Executive Officer. “We hope this is the beginning of a trend to retrofit all models deemed to be at risk from exposure to Electronic Throttle Control Systems.” The Decelerator detects Sudden Unintended Acceleration (SUA) in vehicles, either mechanical or electrically created and brings the vehicle to a safe stop. Nearly all vehicles manufactured since 2002 use electronic relay technology instead of physical connections for the steering, gas pedal and brakes. This version of the Decelerator focuses on 2002-2011 model year Toyota Corolla and Toyota Camry.

Management believes the initial sale marks the beginning of the Company’s next phase changing its primary focus from R&D to Sales and Marketing. In the last six months, nearly all resources were focused on successful engineering, testing and certification of the current products. Smart Throttle will continue to pursue other makes and models with its in-house engineering resources.

About Solutions Group:

Solutions Group (SGI) is a provider of products focused around the Automotive and Transportation Industry. Solutions Group creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. For more information please visit our website at: www.solutionsgroupcorp.com.

This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements regarding the effects of the proposed transaction and those preceded by, followed by or that otherwise include the words, "believes," "expects," "anticipates," "intends," "estimates," or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available to The Company as of today's date, and The Company does not assume any obligations to update any of these statements. The forward looking statements are not guarantees of the future performance of The Company and actual results may vary materially from the results and expectations discussed.

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