Leo Motors Inc. Reaches Major Revenue Milestone Toward Profitability


Follow this company

Companies Mentioned

OTC:BB:LEOM
12/05/2013 [ACCESSWIRE]

Seoul, South Korea / December 5, 2013 / ACCESSWIRE / Leo Motors Inc. (OTCBB: LEOM) announced that it made a sale valued at 1.1 billion Korean Won (approximately $1 million USD). The sale is the first fruits of LEO’s intensive technology development program.

Leo’s contract with Heim e-Construction, Inc. calls for delivery of 100 units of Leo’s proprietary “Solar e-Boxes” in three months.

Leo’s Solar e-Box is unique in that its “All in One System” converges solar panels, inverters, and a battery system into a single unit consisting of 2kW/h Solar Power Generation Module, and a 4.1kW/h energy storage system. There is no product on the market today that can come close to the performance and capabilities of Leo’s Solar e-Box. Because our energy storage technology utilizes EV technology, it provides more efficient and safer energy input, retention, and output than others.

Heim e-Construction is a contracting arm of Sekisui Heim, a Japan based global manufacturer of housing components and systems. They are an “Energy Zero” housing company.

Leo also entered into strategic alliance agreement with Sekisui Heim Korea for providing Solar e-Box for global energy zero housing project. Leo’s Solar e-Box is to be installed in Luxury condominiums under construction in Yangpyung City in Korea.

Mr. J. Y. Choi, CEO of Leo Motors Korea, said, “With this sale, Leo has established a “value reference” for its technology in the housing sector of the energy storage industry. This will open many new profitable markets for us for years to come.”

Dr. Robert Kang, recently rejoined CEO of Leo Motors, Inc., said, “This definitive sales contract has great meaning to Leo as a business, it is our first tangible reward for our dedication to technology development.”

 

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.

 

For more information please call

Princeton Research, Inc.

Mike King 702 650 3000

 

Source: Leo Motors
COMMENTS

Leave a comment...
 * 

Your Name
 *