T3 Motion, Inc. (OTCBB: TMMM) (t3motion.com), a leader in cost-effective, clean-technology electric vehicles, was featured Friday on the televised "Countdown to Closing" broadcast on FOX Business News. The live interview, conducted by anchor Liz Claman outside the network's headquarters on Sixth Avenue in New York City, featured T3 Motion CEO Ki Nam showcasing the T3 Series Electric Stand-up Vehicle (NYSE:ESV) and the CT Micro Car; both are all-electric, clean-energy vehicles.
The segment can be viewed at:
Asked about his projection that T3 Motion has the potential to grow from $50 million to $500 million in revenue in this market segment, Nam cited a strong trend toward clean-energy vehicles from both government and the private sector as well as worldwide demand for the company's electric vehicles.
Claman and Nam first addressed the company's CT Micro Car. Nam described the vehicle as a "neighborhood electric vehicle" that delivers the equivalent of 200 miles per gallon with zero gas emissions. He noted uses for the compact yet comfortable, four-wheel vehicle that include security operations, shopping mall patrols and parking lot enforcement.
Next, they took a look at the three-wheeled T3 Series electric standup vehicle (ESV), in a model branded and outfitted specially for the U.S. Postal Service with side containers for mail and packages. Nam observed that each vehicle enables the Postal Service to handle a full day's deliveries at an energy cost of 25 cents. He also cited instances of companies gaining some $18,000 in annual savings with each T3 Series ESV. To illustrate the demand for this technology, Nam said that there are now 2,000 T3 Series vehicles and 5,000 of the vehicles' swappable Lithium-ion battery modules deployed globally.
Nam also commented on the availability of resources to drive growth for green companies and the challenges that smaller, entrepreneurial firms can face in gaining access to federal stimulus funds compared to larger entities with substantial lobbying groups. He also pointed out that T3 Motion vehicles are designed, manufactured and assembled in the United States.
The CT Micro Car is a quiet, comfortable, versatile, low-speed vehicle that can be driven on public roads (based on local requirements) with features that include safety belts, headlamps, windshield wipers and safety glass. Additional safety features include four-wheel hydraulic disc brakes, four-wheel independent suspension, optional air bags, high-rigidity aluminum frame, and collision-impact-absorbing front and rear bumpers. Locking doors and trunk are standard. And it does not require oil change, oil filter, fuel and tune-up costs associated with internal combustion engine vehicles.
The T3 Series ESV features a zero-degree turning radius and a compact design, perfect for maneuvering through crowds and tight spaces, with speeds up to 20 mph. Also unique to the T3 Series is the most user-friendly and intuitive operation in a vehicle of its kind, giving the rider a sense of superior stability and command presence. The environmentally friendly, zero-gas-emission vehicles can run for less than 10 cents per day without requiring downtime due to the vehicle's two rechargeable, lightweight batteries (Power Modules) that can be easily swapped out while in use for continual deployment and an unlimited range. In addition to cost savings, the T3 Series has also demonstrated major benefits in dramatically reducing carbon footprint.
For more information on innovative T3 Motion clean-energy vehicles, visit t3motion.com, email firstname.lastname@example.org or call 714-619-3600.
About T3 Motion, Inc. T3 Motion, Inc. (OTCBB: TMMM) specializes in cost-effective, clean-technology vehicle solutions for professional markets including law enforcement, security, retail, government and the military. The company is dedicated to raising the bar on vehicle environmental standards and green energy solutions. In 2006, T3 Motion revolutionized the world of personal mobility with the introduction of its flagship T3 Series electric standup (ESV) vehicle. The foundation of T3 Motion vehicles is the company's proprietary power management technology that maximizes range and minimizes recharging time. T3 Motion is headquartered in Costa Mesa, California. For information, email email@example.com, call 714-619-3600 or visit t3motion.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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SOURCE: T3 Motion, Inc.