Armor Electric Progresses Toward Providing Electric Cabs to Mexico City

Armor Electric Inc. announced that a blanket purchase agreement and corresponding contract for 400 electric propulsion units and 60 vehicle components has been delivered to the Mexico City management group for review and approval. Upon contractual approval, production ramping will begin and follow-on orders will be placed.

In addition, phase two development plans for the four-wheel NEV (neighborhood electric vehicle) taxi cab are underway. This vehicle will be designed to transport more people, at higher speeds, over longer distances. The use of this vehicle is intended for the larger metropolitan areas of Mexico City, which is considered by most environmental experts to have the highest air-pollutant levels in the world.