updated 11/19/2010 6:45:58 AM ET 2010-11-19T11:45:58

ORLANDO, Fla., Nov. 19, 2010 (GLOBE NEWSWIRE) -- General Automotive Company (OTCBB:GNAU), announced today that it has signed a contract with Rydeen Mobile Electronics group to market and sell Rydeen's gPad tablet based vehicle computer products to the Automotive OEM market through General Automotive's Global Parts Direct division.

General Automotive through its Global Parts Direct division has experience as a Tier 1 and Tier 2 supplier that focused on design and manufacturing of mobile electronics for automotive vehicles. General Automotive companies have been focusing on a full range of highly technical products including various engine management products as well as technology for SOFC Fuel Cells.

Under the contract General Automotive will market and sell Rydeen's gPad tablet based vehicle computer products to OEM customers throughout North America and Europe. The companies will collaborate on marketing opportunities to meet the needs of their global customers and markets.

Phil Maeda, President of Rydeen, said, "Aligning with a strong experienced automotive company of General Automotive's caliber is the central building block in our corporate strategy for succeeding in the OEM vehicle market. The interest and demand for gPad tablet based vehicle computer products is strong and growing. Being recognized as one of General Automotives trusted partners greatly enhance the company's ability to bring products to market quickly and to provide support for the products in the field."

Neil Gethin, Vice President of Business Development for General Automotive's Global Parts Direct Division, said, "We are excited about marketing Rydeen gPad tablet based vehicle computer products and systems. Rydeen's vision of a wireless network for vehicles aligns with our strategy of advanced system solutions for In Car applications. In conjunction with their wireless technology, we anticipate the development of additional wireless sensing and control applications that will benefit all OEM's and their customers. This partnership is the culmination of a long-standing relationship between our two companies."

About General Automotive Company

General Automotive Company provides original equipment and aftermarket automotive parts, and automotive technology in the United States and internationally. It focuses on automotive parts sales and distribution through its subsidiary, OE Source L.C. General Automotive is also partnered in GreenCell Inc., a joint venture with SenCer Inc., a New York based ceramic technology company. Greencell, Inc. has created "Ultra-Temp", a proprietary technology and a potential game changer for the manufacturing of multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles. General Automotive Company ("GAC") is also focused on expanding its operating growth platform through multiple and ongoing acquisitions of successful automotive parts companies. General Automotive Company is based in Orlando, Florida.

The General Automotive Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6532

About Rydeen

Rydeen North America, Inc., dba Rydeen Mobile Electronics, was founded in January 2010 by Phil Maeda and a Hong Kong-based electronics company. Rydeen melds the best of today's technology into smart, practical devices that are easy to use, and makes them available to consumers at an affordable price. Headquartered in Torrance, California, with a local staff that lives and breathes consumer electronics, we create unique products focused on driver safety, convenience and lifestyle enhancement. For more information, visit our Website at www.rydeenmobile.com .

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com