Advanced Wireless Systems, Inc. Acquires Distribution Rights For Solectria Electric Vehicles
SCOTTSDALE, Ariz., Jan. 4 /PRNewswire/ -- Advanced Wireless Systems, Inc. (OTC Bulletin Board: AWSS) announced today that it has entered into a Letter of Intent to acquire Voltage Vehicles, Inc., a Fulton, California based electric vehicle marketing company that has been granted the exclusive marketing rights to establish a nationwide dealer distribution network for the Solectria Force 4-Door Sedan by Auto Distributors, Inc., the United States distributor for Solectria, Inc.
Solectria is the nation's leader in manufacturing and distributing electric automobiles and components for electric automobiles. Solectria is also recognized as a leader in the development of hybrid and fuel cell technology. Solectria currently provides Ford Motor Company with electric components for new electric cars being manufactured by Ford.
In commenting on the signing of the Letter of Intent, Stan Wilson, President of Advanced Wireless, said "We are excited about this new venture and see a tremendous upside potential because of California's dictate that beginning in 2003 ten percent of all new cars sold in the state must be 'zero emission vehicles.' By entering into this agreement now, we will be able to ramp up our sales and distribution efforts in an orderly fashion." Wilson also noted that several other states have enacted similar laws and/or regulations requiring that a percentage of new car sales be "zero emission vehicles."
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