Korean Electric Scooter Approved for Government Use
Leo Motors, Inc. (Pink Sheets: LEOM) was selected by the Korean Ministry of Environment as an electric scooter supplier to central government offices.
The electric scooter model "Leo 1000" has passed all requirements of the performance standards test used by the Ministry of Environment of Korea. The Leo 1000 is equipped with a lithium polymer battery that can run 100km (a little over 62 miles) on a home plug-in charge.
The public procurement service plans to continue the purchase of electric scooters from Leo Motors as substitutes for existing gas scooters in their efforts to support an emission free and lower noise environment. The gas scooters widely used for deliveries throughout the country were criticized by the public for their noise in the night and contribution to Korea's serious air pollution issues. The Leo Motors electric scooters are priced at about $3,200 each - including $1,000 of government subsidy.
The government offices have already purchased over 500 electric scooters so far in their transportation reform. They are continually brought into service as replacements for gas scooters. It is estimated that this effort will help reduce carbon monoxide (CO) by 8% and hydrocarbon (HC) by 7.4% of total vehicle pollution sources.
Dr. John Lee, CEO of Leo Motors Inc., stated, "We expect Leo Motors electric scooters to have price competitiveness without government subsidy for the commercial market at large when the scooter manufacturing facility in China initiates mass production this year. We believe that considerable demand will come as buyers evaluate the maintenance and operation cost, which is 1/10th of gas scooters, and the environmental benefit of electric scooters."
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