COSTA MESA, Calif., Dec. 4, 2013 (GLOBE NEWSWIRE) -- www.t3motion.com - T3 Motion, Inc. (OTCBB:TTTM), the leading provider of EV technology to consumer, law-enforcement and government markets, announced today that it has extended the expiration date of its aggressive Segway trade-in program for all current Segway owners who purchase any model T3 vehicle through June 15th, 2014.
T3 Motion also announced that Q4 2013 sales performance has improved by more than 200% over the previous two quarters of 2013 on strong domestic and international sales.
"We're very happy to be able to extend the term of the Segway Trade-in program which has proven to be a great tool as we've gained momentum with our aggressive new sales and marketing efforts begun in June 2013," said T3 CEO William Tsumpes.
"This program will be especially beneficial to our customers as we prepare for the upcoming release of our next generation of Patroller™ Vehicles scheduled for early 2014. The new models will add several new standard features and options including reverse and optional high performance motors as we strengthen our product offerings. We will also be piloting a new 4 wheel electric development vehicle designed for the emergency response market which we believe will open significant global opportunities," said Tsumpes.
"Our electric vehicles offer so many significant safety and performance advantages over older, two wheel electric designs that we wanted to continue to give those owners an upgrade path to our safer, more advanced platforms," Tsumpes stated. "Our new, smaller T3 Vision™ series vehicle is perfect for both indoor and outdoor environments and is quickly becoming the tool of choice for indoor patrols at airport terminal facilities around the country."
The trade-in program is available to all current Segway owners who purchase a new T3 Motion vehicle by June 15th, 2014 subject to the T3 Motion Trade-In Program Terms and Conditions.
The program will provide up to a $3,000 credit for the purchase of a T3 Patroller™ Series vehicle, or up to $2,000 credit for the purchase of a T3 Vision™ Series vehicle.
About T3 Motion
T3 Motion, Inc. (OTCBB:TTTM) designs, markets and manufactures the T3 Patroller and Vision Series Electric Stand-up Vehicles. Headquartered in Orange County, California, T3 Motion is dedicated to raising the bar on law enforcement and security capabilities in personal mobility technology. More than 5,000 T3 vehicles have been deployed in over 30 countries worldwide. For more information, visit www.t3motion.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding T3 Motion's business, which are not historical facts, are "forward-looking statements" that are not guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, among others, factors associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering. For additional information concerning these and other factors that may cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Registration Statement filed on Form S-1, as amended, and in the periodic reports the Company files from time to time with the Securities and Exchange Commission.