
MOORESVILLE, N.C., Mar 18, 2010 (GlobeNewswire via COMTEX) — Li-ion Motors Corp. /quotes/comstock/11k!lmco (LMCO 0.74, +0.03, +4.23%) (www.Li-ionMotors.com), 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium battery technology, is pleased to announce the initializing of the long distance testing of the Wave car for the Progressive Auto Insurance X-Prize with the first on track stage beginning May 2nd at the Michigan International speedway.
Click here to view details of the press release: http://www.li-ionmotors.com/news/20100317
Testing will also validate our estimated MPGE (miles per gallon equivalent) for the Wave car.
Li-ion Motors Corp. qualified for the next round of the 2010 Progressive Insurance X-Prize. Li-ion Motors also featured its state of the art 21st Century design WAVE II in Las Vegas at SEMA, November 3rd to 6th, 2009. At Detroit Auto, Jan 16th to 24th, Li-ion Motors displayed to the world the groundbreaking developments the company has been developing on their emissions free vehicles. Li-ion Motors feels their breakthrough will help change the way the world looks at the automobile and its construction today. From overall electrical engineering to space-age materials, futuristic aerodynamics and a new standard for safety, the company is prominently positioned and its engineering staff is ready for the competition.
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Source: marketwatch.com







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