Escondido, CA, February 22, 2010 --(PR.com
)-- RMD Technologies, Inc (RMDT.PK) announced today it will begin manufacturing small Electric Vehicles. “We began exploring the possibility of manufacturing small electric vehicles using recovered electronic waste in 2007”, stated company President Patrick Galliher “and have since developed an efficient methodology for producing these 'Green Vehicles' using a high percentage of E-Waste. We feel that this 'Triple Green' product is perfect for today’s environmentally conscious businesses and consumers”. Triple Green refers the vehicles use of recycled materials, clean electric power and the supplemental solar power on these vehicles.
They have been working on our “proof of concept” vehicle for over two years and are now moving to the next phase of vehicle development. This phase will involve factory site selection, manufacture of prototypes and selection of suppliers for non-proprietary sub assemblies.
RMDT has applied for and received preliminary approval from the SAE as an EV manufacturer.
According to Galliher “RMDT expects our vehicle to qualify for all federal and state tax incentives, including the current federal tax credit available under the Energy Improvement and Extension Act of 2008.”
RMDT plans on launching sales of these new vehicles during the fourth quarter of 2010 with delivery of the first units soon after.
About RMD Technologies, Inc:
RMD Technologies, Inc. is a California based business founded in 2001. Since inception, RMDT has provided electronics recycling services to businesses, state and federal agencies.
In 2007 RMDT began the development of an alternative energy vehicle using a large percentage of materials recycled from electronic waste. The result is a small electric vehicle design that incorporates recycled materials, clean electric energy and solar power.
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.