SOLANA BEACH, Calif., Aug. 16, 2006 (PRIMEZONE) -- Armor Electric Inc. (OTCBB:ARME) announced today that the blanket purchase agreement and corresponding contract for four hundred electric propulsion units and sixty vehicle components has been delivered to the Mexico City management group for review and approval. Upon contractual approval, production ramping will begin and follow-on orders will be placed.
In addition, phase two development plans for the four wheel NEV taxi cab are underway. This vehicle will be designed to transport more people, at higher speeds, over longer distances. The use of this vehicle is intended for the larger metropolitan areas of Mexico City.
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.
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.