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Ewing, NJ , Nov. 28, 2017 -- TGI Solar Power Is Pleased To Announce That It Has Signed a MOU with Electric Cars Ltd of Kiev
TGI will act as project manager and will own a percentage of the total enterprise. TGI and its management team has been working on this project for over two years and is very pleased with the overall progress made to date with Mr. Alexander Tuz, PhD, who has been working on the project for close to six years.
In January-March 2017, 548 electric vehicles and 219 hybrid vehicles were registered in Ukraine. Compared with the number registered last year, the total number of electric cars in the first three months increased by 32% and the total number of hybrid cars grew by 24%," the statement reads. The experts predict the dynamics of 3,000 electric and hybrid vehicles for 2017, given the figures of the first quarter."
The Company has met with Finex Insurance Group to provide our future car owners with comprehensive polices that would include extended warranties, road assistance as well as battery replacement (the most important part of electric vehicles). Additionally, we have interviewed several candidates for key management positions.
About TGI Solar: TGI SOLAR POWER GROUP INC. is a diversified holding company. TGI's strategy is to acquire innovative and patented technologies, components, processes, designs and methods with commercial value that will give competitive market advantage and generate shareholder value.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
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