TGI Solar Power Signs Memorandum of Understanding to Develop Electric Vehicles.
May 19, 2017
OTC Disclosure & News Service
Ewing, NJ -
Ewing, NJ, 19, 2017, -- TGI SOLAR POWER GROUP INC. (TSPG), a diversified technology company, is pleased to announce that it has signed a MOU with Electric Cars Ltd of Kiev, Ukraine to assemble vehicles and build infrastructure a total of 3,000 charging stations. TGI will act as project manager and will own a percentage of the total enterprise. TGI and its management team has been working on this project for over two years and is very pleased with the overall progress made to date with Mr. Alexander Tuz, PhD, who has been working on the project for close to six years. Current orders for electric vehicles exceed 500 vehicles per month, and as a result, Electric Cars LTD is reselling used vehicles purchased in Europe and US to fill demand. Going forward, TGI & EC plan to establish a manufacturing facility to produce electric batteries to power electric vehicles as well as homes, in conjunction with solar and wind power. TGI and Electric Cars Ltd plan to have a conference on May 24, 2017 in Kiev, Ukraine where future plans will be discussed and more details will be available.
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About TGI Solar TGI SOLAR POWER GROUP INC. is a diversified holding company. TGI's strategy is to acquire innovative and patented technologies, components, processes, designs and methods with commercial value that will give competitive market advantage and generate shareholder value.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
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