Moller International (fka MLER)

[rwandrw]

CEO of FM update

Hello readers, I just returned from my 9 day India Trip a few hours ago, which has been very hectic. Here is a high level summary of the trip.
Dr. Moller and I had put in numerous hours preparing for this trip. This trip had several strategic agendas that needed to be explored and fulfilled.
1. Meet with several prospective manufacturing partners that we had already engaged.
2. Meet with several prospective investment partners that we had already engaged.
3. Meet with several automobile manufacturers and engage with at least one to be our
strategic partner in the future.
4. Reach out to the most influential Government officials to understand their vision for
automobile future in India.
5. Strengthen and build the existing FM team in India.
I am pleased to report that I have accomplished all the agenda items successfully within the 9 days. In India, I have traveled to the states of Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and New Delhi.
Thanks to the hardworking team in India, here are the accomplishments.
1. Successfully identified one long term and one short term manufacturing partner. For long term, the plan is to identify the land, layout a draft plan to build, develop and start the manufacturing. While the build out is ongoing, develop the short term manufacturing partner to provide necessary equipment and expertise to manufacture high demand engines within 90 days.
2. Successfully identified and engaged 4 different investment partners. We will continue to work with all of them and choose the best investment partner who could be a long term partner and ally for FM.
3. Successfully engaged and discussed with several potential automobile partners. They have shown tremendous interest in our engines and are willing to work with us in the future. One in particular, who is the second largest 2 and 3 wheelers manufacturer in India has agreed to visit FM in November 2019 to see our prototypes first hand and discuss potential prototype deal with them. I believe that this partner will be able to use our engines in their two and three wheelers as a primary powerhouse and also as a hybrid range extender. More exciting details will be provided as this endeavor progresses.
4. I met with several influential members of India automobile society and also prominent Government officials including the Transport Minister of India, Honorable Nithin Gadkari. I was pleased to see how much our strategies are aligned with their vision for the future of India. FM was welcomed to conduct business in India and have secured their nod to help support us in every way they can.
5. I met with our five advisory champions and congratulated them for a plan well devised and securing several meetings with Government Officials, Automobile industry CEO’s,
investment groups and manufacturing partners. I should also mention our tireless advisory champions in the United States who have assisted in every way to make my trip as fruitful as possible.
I am excited for the future of FM and reiterate that our future is looking bright and we are moving on a solid footing. I had a sleepless and exciting 9 days across India and assure you all that I will not rest until we reach the finish line. Once this agenda is accomplished, which would be in the next 60 days, I will change the mode of direction to manufacturing and delivering products to our current established customers and attract more.
I thank all our shareholders for their patience and support throughout this endeavor. I extend my gratitude to the Board of Directors of FM and Dr. Moller who have faith in my abilities and their continued support.
Sincerely, Subhash
Dr. Subhash Paluru, PhD
Chief Executive Officer
Freedom Motors
Twitter: @RotaPower
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