Leo Motors Inc. (fka LEOM)

[undtrdr]

Expanding horizons some more w/MOU with the Korea Institute for Military Affairs, a subsidiary of the Ministry of National Defense of Korea!

https://www.accesswire.com/430566/Leo-Motors-and-LGM-Expands-into-Military-Business

Leo Motors and LGM Expands into Military Business
SEOUL, SOUTH KOREA / ACCESSWIRE / July 14, 2015 / Leo Motors Inc. (OTCQB: LEOM)'s wholly owned subsidiary, LGM, entered into Memorandum of Understanding with the Korea Institute for Military Affairs (KIMA), a subsidiary of Ministry of National Defense of Korea for further collaborative development of two projects: an interactive "Connected Life Jacket" and interactive, cloud connected, military electric smart boats.



LGM developed the Connected Life Jacket. It has mobile connectivity, and features an automatic heating mechanism. Upon entering the water, whether by accident or as a result of combat, the Connected Life Jacket's water sensors automatically activate a heating mechanism to defend against hypothermia associated with cold water. The Connected Life Jacket also sends an SOS signal to an emergency center. While extending survival time in freezing, the Jacket also provides an exact GPS location to rescue teams who are further assisted by a low light sensor activated LED spot lamp night rescues.

LGM has also developed an electric "smart" boat with tidal water capabilities. Its smart features include a management system assisted by the cloud super computers. Being electric, the boat is also eco-friendly as it does not emit pollutant waste. Additionally, as a military vessel it has the advantage of not making engine noise where stealth is a desirable factor.

According to Dr. Kang, chairman of Leo Motors, Inc., "LGM's smart electric boat called the 'RoBoat' can navigate in the ocean like a drone and perform difficult unmanned jobs including rescuing survivors in troubled water and such things as submarine detection in otherwise risky conditions."

By entering the MOU, KIMA and LGM will collaborate in the further development of the most appropriate military defense capabilities for both the LGM Life Jacket and the LGM electric boats.

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.

For more information please call

Princeton Research, Inc
Mike King
702 650 3000


SOURCE: Leo Motors



Leo Motors Inc.

Industry:
Automotive