SOLANA BEACH, Calif., Nov. 2, 2006 (PRIMEZONE) -- Armor Electric Inc. (OTCBB:ARME) announced today that they have initiated dialogue with Hero Motors of India to negotiate a worldwide manufacturing and distribution rights agreement for the three wheel electric taxi cab unit.
Hero Motors of India possesses a very strong manufacturing, marketing and distribution network that would enable the worldwide release of the three wheel taxi cab unit. Hero played a key role in the frame engineering for the three wheel taxi cab prototype units and manufactured the three wheel taxi cab frame.
The proposed introduction of these electric powered vehicles would be targeted for markets in Brazil, high tourist areas in Mexico (other than Mexico City), and high tourist areas in Western Canada.
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.
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