DGAP-News: T3 Motion, Inc. /
Photo Release -- T3 Motion Counters Segway's SE-3 With The Most
Advanced ESV Ever Built
21.05.2014 / 22:18
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Advanced Features Including Motion Air(TM) Air-Ride Suspension and Active
Vision(TM) Live Streaming Video Clearly Establish the T3 Super Elite(TM) as the
Most Sophisticated and Technologically Advanced Design Ever
COSTA MESA, Calif., 2014-05-21 22:18 CEST (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 begun commercial shipments of its secret and much anticipated NGV
(Next Generation Vehicle), designed to counter Segway's entry into the 3 wheel
marketplace which was invented and dominated by T3 since its founding in 2006.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=25510
The T3 Elite Series(tm), including the new Super Elite(tm) ESV, is built upon
nearly
a decade of experience building three wheel platforms, and without a doubt, bar
none, is the most advanced and technologically superior ESV's ever. With new
features and capabilities designed to specifically address the needs of our
government, law enforcement, education and security markets in a changing
society, nothing else even comes close.
New features available on the Super Elite(tm) include our new Active Vision(tm)
system which provides live streaming video to be broadcast directly from the
vehicle environment, allowing first responders to wirelessly transmit live
images to a remote command center with internet viewing from anywhere in the
world. This new patent-pending technology has never been available on any other
platform before and enables senior management to remotely assess and direct
their operations on a moment's notice for any emergency event including the
wave of active shooters recently invading the sanctity of our schools and
colleges.
Other new features such as our new advanced self-leveling Motion Air(tm)
air-ride
suspension system, not only adds a significant new level of comfort for the
rider, but also provides exceptional control and handling benefits by vastly
improving the stability and safety of our vehicles versus our competitors and
reducing the long term effects of fatigue on the rider that is often
experienced on other platforms. This technology was originally developed in
cooperation with the Dallas Police Department in 2013.
'We began this development more than a year ago on the heels of our former CEO
joining Segway and announcing they were going to move towards a three wheel
platform after recognizing the tremendous advantages of our technology in the
market. We're very proud of our products and that we are the only manufacturer
in the market who can state that all T3 Motion vehicles are designed and built
by Americans in AMERICA as opposed to the wave of overseas knockoffs we're
seeing lately,' stated William Tsumpes, CEO of T3 Motion.
'I truly question how any responsible would-be competitor, such as the ones
we've seen lately, could justly serve its customers or the market, by
introducing new vehicles into the market which haven't undergone any real world
testing and are nothing more in some cases than untried and untested
experiments and copies of what we've invested more than $47 million to develop
over the past eight years. I equate this situation to expecting a lawn mower
manufacturer to being able to build a John Deere tractor after just a few
months in development, it's just not that simple,' said T3 Motion CEO William
Tsumpes.
'It's always been my most important priority to ensure that T3 maintains its
significant leadership role in the industry we invented almost a decade ago,
and that I use my personal and significant engineering background to lead the
development of the most technologically advanced vehicles in the world which is
exactly what we've done with the new Super Elite Series,' Tsumpes continued.
'Clearly, T3 Motion, after almost a decade of experience building 3 wheel
technologies, understands the challenges better than anyone else. We've taken
tens of millions of miles of real world use and experience and developed this
new platform to ensure that we maintain our advantages by building the safest,
more reliable, and sophisticated, performance driven solutions in the world.
'Our electric vehicles offer so many significant safety and performance
advantages over older, two wheel electric designs it's easy to understand any
competitors desire to follow in our footsteps. We understand the competitive
nature of the markets and will ensure that our loyal customers and investors
continue to be rewarded with a superior product line and service second to
none,' Tsumpes stated.
T3 Motion, Inc. (OTCBB:TTTM) headquartered in Orange County, California, T3
Motion is dedicated to raising the bar on personal mobility technology. More
than 5,000 T3 Series 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 periodic reports the Company
files from time to time with the Securities and Exchange Commission.
The photo is also available via AP PhotoExpress.
CONTACT: Company Contact
William Tsumpes, CEO
T3 Motion, Inc.
(714) 619-3600
investor@t3motion.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: T3 Motion, Inc.
United States
ISIN: US89853X3061
End of News DGAP News-Service
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269919 21.05.2014
DGAP-News: Photo Release -- T3 Motion Counters Segway's SE-3 With The Most Advanced ESV Ever Built
| Source: EQS Group AG