Founded in
If the Company and Rensair pursue a collaboration, the Company anticipates this will include Rensair developing a specific environmental control unit for the TUGA vehicle to purify, clean and monitor air quality inside the vehicle. This includes filtering and destroying pathogens & organic compounds such as COVID viruses.
The proposed introduction of the Rensair technology would see the provision of hospital quality air for the TUGA driver and passenger, all while monitoring air quality inside and outside. The benefits to the occupants are apparent: while commuting in urban traffic, a regular source of air pollution, air quality controls inside the TUGA will help provide situational awareness of exterior conditions while offering a healthier way to transit throughout congested city centres.
On behalf of the Board of Directors,
Sincerely,
~John Hagie~
Chief Executive Officer & Director
As part of the Company's disclosure obligations as a public issuer, ongoing financial and material filings can be found under the Company's profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. We invite the public to visit our website at www.tugainnovations.com and to sign up to our 'news alerts' to be advised of future news and events. Please watch our video which is now available on the website, and follow us on Instagram, Twitter, and LinkedIn.
About
For further information, please contact:
TUGA Investor Relations
Tel: +1 415.799.7911
Email: info@tugainnovations.com
Forward-Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute 'forward-looking information' within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as 'aim', 'aims to', 'may', 'would', 'could', 'will', 'will be' 'likely', 'expected', 'anticipates', 'proposed', 'believe', 'intend', 'plan', 'forecast', 'project', 'estimate', 'outlook', 'hope', 'the potential to' or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to a potential commercial relationship between the Company and Rensair to integrate air quality technology into the TUGA product line; Rensair developing a specific environment control unit for the TUGA vehicle to purify, clean and monitor air quality inside the vehicle which includes filtering and destroying pathogens & organic compounds such as COVID viruses; the Company and Rensair developing a new standard for air quality within urban mobility; Rensair technology providing hospital quality air for the TUGA driver and passenger and monitoring air quality inside and outside, and the benefits derived therefrom; a collaboration with Rensair enhancing the Company's solution to urban mobility as an added value opportunity being great for the public, the Company, and shareholders alike; the Company addressing challenges faced when driving in, between, and around urban centres and metropolitan areas; the Company's commercialization of its automotive concepts; the width of the vehicle, the expanded rear axle feature of the vehicle, the advanced connectivity features of the vehicle and anticipated benefits, the km range and top speed of the vehicle, and the safety, performance, and comfort offered by the vehicle.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company's ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company's final prospectus dated
(C) 2022 Electronic News Publishing, source