Tanaris Power Holdings, Inc. (OTCBB: TPHX) Announces MOU Between Tanaris Power Inc., Enterprise Asset Management, Inc. and C-MOR Performance LLC for Industrial Vehicle Retrofit …

LAS VEGAS, NV / ACCESSWIRE / April 22, 2015 / Tanaris Power Holdings Inc. announced today that Tanaris Power Inc. has entered into a Memorandum of Understanding with Enterprise Asset Management Inc. and C-MOR Performance, LLC., to begin development on a new line of universal vehicle retrofit kits.

These kits are intended for use in general purpose light industrial vehicles and various Ground Support Equipment (GSE) vehicles. The kits will be based around Tanaris Power’s Osprey Lithium-ion vehicle batteries and Curtis motor controllers.

The development program will begin by converting one or more GSE baggage tractors with industry standard components, in order to develop standardized kits. Those standardized kits could then be installed by end-users or by C-MOR Performance, in any number of GSE and industrial vehicles.

“It’s our goal to offer owners of fuel-based GSE and similar light industrial vehicles, an electric vehicle upgrade option that won’t break the bank, but will greatly extend the lifespan of their investment,” said Bruce Farmer, Tanaris Power Inc’s CEO. “Considering how incredibly well-built the body of the typical GSE vehicle is, it makes so much sense to convert the vehicle to EV and thus avoid the ongoing high cost of maintaining a fuel engine and powertrain.”

Kevin Wells, owner of C-MOR Performance, added that “We are really looking forward to working with Tanaris Power and Enterprise Asset Management on this project. Our 35-plus years of vehicle maintenance and customization experience gives me great confidence in our team’s ability to handle any challenge that comes our way. We hope to be able to use these and similar technologies in other types of vehicles, too, in the not-so-distant future too.”

SAFE FOR FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this document regarding the intentions, the expected timetable for completing any transaction, and any other statements about Tanaris Power Holdings, Inc. managements’ future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” and similar expressions) should also be considered to be forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and the issuer of the press release assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the issuer of this press release believes that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the company’s annual report on Form 10-K for the most recent fiscal year, the quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission document regarding the intentions, the expected timetable for completing any transaction, benefits and synergies of any transaction, future opportunities for the company, expectations regarding the value and benefits of any transaction and any other statements about Tanaris Power Holdings, Inc.’s managements’ future expectations, beliefs, goals, plans, or prospects that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” and similar expressions) should also be considered to be forward-looking statements. Except as required by applicable law, Tanaris Power Holdings, Inc. disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Investor Relations:

Brad Long, Oceanview Investor Relations, (877) 513-7873

SOURCE: Tanaris Power Holdings Inc. 

ReleaseID: 428096