LGM Introduces Electric Yacht Power Trains at French International Boat Show

SEOUL, SOUTH KOREA / ACCESSWIRE / September 29, 2016 / LGM, Co. Ltd., a subsidiary of Leo Motors Inc. (OTCQB: LEOM) unveiled two electric power trains for sailing yachts at the “Grand Pavois 2016” international boat show in La Rochelle, France. The power trains include both inboard and outboard 90 horse power (110 kW) electric propulsion systems.

The newly developed electric power trains have undergone two years of field tests. Using two 24 kW battery power packs, the power train provides three hours of sailing, and because sail equipped yachts only use power propulsion for departing or returning to the harbor, the energy storage is more than enough.

LGM’s electric power trains have many environment friendly advantages. Electric boats operate with substantially less noise than Internal Combustion Engines (ICE), and without the polluting stench of oil, diesel, or gasoline. These advantages enhance the pleasure of sailing yachts. Despite these advantages, few electric boats have been developed throughout the world due to perceptions of high technology barriers.

LGM’s newly patented electric shock prevention circuits eliminate the traditional and potentially fatal shock hazard risk of electric boat power systems because of the proximity of water.

Dr. Kang, chairman of Leo motors, said, “Globally many companies make electric cars but few companies make electric boats. A significant reason is the liability arising from their lack of safety technology. The most important safety technology for e-boat is LGM’s exclusive and proprietary electric shock prevention technology. LGM is the only company in the world that produces a ‘safe e-boat.'”

Another important technology in Leo’s e-boat is the proprietary Cartridge Battery (CB) System. E-boats batteries must have daily recharges, which is impractical and almost impossible to facilitate a battery charging station in many harbors. LGM invented the patented battery replacement system which relieves toxic charging environments. Swapping typical 1,400 lb. marine battery power packs is not an easy task and requires a extravagant facility. To overcome this dilemma, LGM developed the CB (Cartridge Battery) technology. CB which splits the battery into smaller, lightweight cartridges optimized for easier handling. When CB works in harmony with Leo’s newly innovated Battery Swapping Machines, it reduces the time required to the same as fueling equivalent size vehicles with gas.

Connected boat technology is another technical breakthrough. LGM developed the Internet of Things platform for e-boats which is networked and connected with an Android Operating System. They are ready to function under the command of Artificial Intelligence (AI). Auto Pilot Applications make autonomous sailing possible. Leo’s AI-connected positioning application is based from digital GPS which uses both Satellite and Mobile Network. LGM’s power train is CAN (Controller Area Network) based, which enables Mobile Diagnosing between mobile devices and Leo’s boats.

Dr. Kang, further said, “In the show, LGM received many offers from yacht manufacturers and suppliers to be a distributing partner in France. Leo and LGM are expanding its e-boat businesses into both China and the USA. After this show, we will have a solid foundation for launch in Europe. Europe has few electric propulsion manufacturers, providing only low power and low tech products. LEO’s innovations now will facilitate electric power system replacing ICE’s for sailing yachts.”

LGM’s participation of this show was fully subsidized by the Korean government because LGM is designated as an advanced ocean technology leaders in Korea.

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: Leo Motors Inc.

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