SEOUL, SOUTH KOREA / ACCESSWIRE / November 28, 2016 / LGM, Co. Ltd., a subsidiary of Leo Motors Inc. (OTCQB: LEOM) has made a material contribution to the future of marine electric propulsion systems.
Jun Hee Won, CEO of LGM, has coauthored and developed an important study detailing a dynamic and ground-breaking expansion of our ability to analyze and design specifications for marine electric propulsion systems to achieve optimum efficiencies of operation. In addition to contributing to the innovative and total completeness of the study, LGM engineered an electric boat specifically for the study.
We are all aware of aviation's "black box", in its limited role in accident analysis. The Marine world has a Voyage Data Recorder (VDR) which saves ship motion and status information, and in the past has been mainly utilized in large vessels but rarely used in small vessels. However, recent interest and activity in research and development of smaller vessel electric propulsion requires a smaller VDR that measures a wider range of dynamic characteristics to ensure the best design for durability of the electric propulsion system. Existing studies of small electric propulsion ships have been very narrow in scope and have largely ignored many important factors including durability and economic advantages. Globally, fishing craft economics, in which fuel costs often reach 50% of total fishing cost, are exacerbated by environmental issues largely arising from fossil fuel emission reduction.
The current study includes development of a smaller and lower cost VDR system that can measure the characteristics of crafts as small as a water motorcycle but principally designed for the dynamic characteristics of small commercial and even pleasure ships. The new VDR system obtains more accurate position data including filtering the measurement data to the Extended Kalman Filter (EKF). Also significant, the dynamic characteristics analysis program, can calculate the load applied to an electric propulsion system upon receipt of filtered data which in future studies will be applied to Hardware In the Loop Simulation (HILS) which will always insure optimum effective use of electric equipment.
Dr. Kang, chairman of Leo motors, said, "With the development of this unique VDR system LGM continues its leadership role in the advancement of electric marine propulsion systems. LGM also owns an exclusive and proprietary electric shock prevention technology in its "safe" e-boat in addition to its Cartridge Battery (CB) System for E-boats. LGM also made the technical breakthrough now known as connected boat technology is another LGM creation using Internet of Things platform for e-boats, networked and connected with an Android Operating System. The list goes on and we are proud of their accomplishments."
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
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SOURCE: Princeton Research, Inc.