SAN MARCOS, Calif., Jan. 19, 2011 (GLOBE NEWSWIRE) -- RMD Technologies, Inc. (Pink Sheets:RMDT) is pleased to announce that the Company has been approved as a manufacturer by the National Highway Traffic Safety Administration (NHTSA) and the Society of Automotive Engineers (SAE).
This SAE and the NHTSA approval is required to begin issuing Vehicle Identification Numbers (VINs) for its revolutionary new line of small electric vehicles.
"This is a very important step in the mobilization toward the manufacturing and sales of our 'UTE' electric vehicle. We continue to move forward and are still right on target to begin sales in this quarter," reported CEO Patrick Galliher.
RMD Technologies, Inc. recently announced that it has completed its first State of the Art Electric Utility Vehicle. Designed with a robust ADC Motor, controller and transaxle combination, the "UTE" has been specifically designed for years of durable performance. The UTE is the first electric vehicle built using a high percentage of recycled materials, primarily recycled electronic waste. The Company has designed its vehicles to qualify for all federal and state purchasing incentives, including the current federal tax credit available under the Energy Improvement and Extension Act of 2008.
About RMD Technologies, Inc.
RMD Technologies, Inc. is a California based business founded in 2001. Since inception, RMDT has provided electronics recycling services to businesses, state and federal agencies. In 2007 RMDT began the development of an alternative energy vehicle using a large percentage of materials recycled from electronic waste. The result is a small electric vehicle design that incorporates recycled materials, clean electric energy and solar power.
Forward-looking Statement
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/ ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
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