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Thanks, BH.
Hopefully, next filing is our EMPM/SEAN status update.
https://www.otcmarkets.com/stock/SEAN/news
2 prs for SEAN in the last 2 weeks.
Thanks, BH.
I am unable to send pm as a free member outside of happy hour either.
I also think it is an error and do not believe Saean would abandon EMPM shell either as they must have spent $1-2+ mil acquiring it and on ex-EMPM management salary during 2-3 years.
I wish they would release some update. Perhaps, everyone should contact/email them - info@saeangroup.com.
https://www.otcmarkets.com/stock/SEAN/profile
Looking forward to more filings, BH.
Thanks.
pls be patient and wait for more relevant filings/news.
SAEAN Group Unveils Revolutionary 30-Ton Electric Truck, Tackling Global Carbon Emissions Crisis with Smoke and Noise-Free Solution
Newsfile Corp.
Newsfile Corp
The Republic of Korea's SAEAN 30-ton electric dump truck commercializes eco-friendly technology.
Gyeonggi-do, Republic of Korea--(Newsfile Corp. - June 5, 2023) - SAEAN Group, based in the Republic of Korea, has recently launched a 30-ton electric dump truck that aims to address the global issue of carbon emissions, providing a solution that is both smoke and noise-free. This innovative vehicle represents a significant step forward in eco-friendly technology.
SAEAN Group
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8199/168798_8584de8834a28936_001full.jpg
SAEAN Group unveiled its 30-ton articulated electric dump truck, which emits no noise or fumes, as a means to combat carbon emissions. The truck underwent a performance test on May 31 at the Construction Machinery Parts Research Center in Gunsan, Jeollabuk-do, Republic of Korea.
Electric trucks, in particular, which rely on high-powered electric batteries, necessitate advanced safety systems to prevent fire hazards.
SAEAN's 30-ton articulated electric dump truck is equipped with a 300kWh battery and a 250kW electric motor, enabling it to travel up to 100km on a single charge. Moreover, it can be used in construction and industrial operations in enclosed spaces such as tunnels, as it operates without an internal combustion engine, significantly reducing carbon emissions.
On May 31, SAEAN conducted a performance test of its 30-ton articulated electric dump truck (prototype) at the Construction Machinery Parts Research Institute's Comprehensive Test Center in Gunsan, Jeollabuk-do, Republic of Korea. Officials from TD Lease in Japan, which signed a supply contract with SAEAN late last year, were present. SAEAN's electric truck demonstrated impressive performance in off-road climbing and driving on a 1-kilometer circuit. It was also recognized as an eco-friendly electric dump truck with zero emissions, making it suitable for construction in enclosed spaces like tunnels.
On December 13, 2022, SAEAN signed a contract at the SAEAN Technical Research Center in the Republic of Korea to supply TD Lease of Japan with a 30-ton articulated electric dump truck. John Lee, CEO of SAEAN Motors, stated that production will begin next year, with an initial delivery of 45 units to Japan. He further emphasized that the 30-ton articulated electric dump truck will not only be utilized in Japan but also in global markets such as the United States, Australia, and Southeast Asia.
SAEAN has been at the forefront of the electric vehicle market with its development of various vehicles, including the ultra-small micro electric vehicle "WID-U," the electric compact SUV "WID SUV," the electric sports car "EXOD," and electric forklift trucks for construction machinery.
For more information about the SAEAN Group, please visit their website at https://www.saeanmotors.com or contact Jong-ho Cha at Saean R&D Inc.
Media Details -
Company Name: Saean R&D Inc.
Contact Name: Jong-ho Cha
Email: jongho.cha@saeangroup.com
City: Gyeonggi-do
Country: Republic of Korea
Website: https://www.saeanmotors.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168798
SOURCE Ankit
https://api.newsfilecorp.com/newsinfo/168798/130
https://www.otcmarkets.com/stock/SEAN/news/story?e&id=2547374
Looking forward to future filings & more good news, Bountiful_Harvest.
Nice update on https://www.saeanmotors.com/, btw.
According to an 8k filed in 2019 regarding "change in control", there was a stock purchase agreement giving Saean Inc. control of EMPM. The 8k also indicated that EMPM was a "control subsidiary" of Saean Inc.
Ok.
I thought there were filings merging EMPM shell to Saean Inc. before the court case. So, that was not the case then.
Looking forward to future filings.
Thanks again.
Ok, Bountiful_Harvest.
Thanks for the clarifications.
1. Organization and description of business
SAEAN R&D INC. (formerly SAEAN INC) (the Company) was incorporated in December 1, 2013 under the laws of the Republic of Korea to engage in the design and development service of electric vehicles.
The Company’s headquarter and R&D center is located in Hanam-si, Gyeonggi- do, Republic of Korea. The
Company has adopted December 31 fiscal year end.
The Company’s major shareholder is Saean Group Inc., located in CA, United States of America, with 93.36%
ownership as of December 31, 2022.
pg. 6
https://www.otcmarkets.com/otcapi/company/financial-report/367369/content
EMPM / Saean Inc.
OS
195,837,336 shares
Restricted
131,860,669 shares
67.33% of OS
Unrestricted
63,976,667 shares
32.67% of OS
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