VANCOUVER, BC, Oct. 7, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces it has signed a Letter of Intent with the representatives of the Michael Czysz estate to develop a proof-of-concept Electric Motorcycle under the Apogee Dynamics Power Management System.
"We are excited to be moving to a long-form agreement with MotoCzysz on this thrilling project. As early innovators in the Electric Vehicle space, they are a perfect match to what Apogee aspires. Their E1pc raced on the cutting edge of EV technology, winning four (4) Isle of Man racing championships. It's wonderful that Michael's legacy will live on through Apogee Dynamics," said Stephen Brown, CEO.
Michael as evidenced in many articles, including documentaries https://www.youtube.com/watch?v=ZvL__fyk9K8 where it shows his journey to build the Worlds Fastest Motorcycle. https://canadamotoguide.com/2016/05/09/michael-czysz-american-motorcycle-pioneer-succumbs-to-cancer/. This brings together revolutionary Apogee technology with Electric Motorcycle world-champion pioneer MotoCzysz, whose legendary visionary, Michael Czysz, passed away in 2016.
"Apogee's powertrain system will provide a unique profile in the Electric Motorcycle segment, providing both advanced power distribution as well as unrivalled range. I am eager to integrate this into the Apogee Czysz Electric Motorcycle and to continue the spirit of invention and innovation that Michael Czysz began," said Lord Ferrox Tutinean, CTO.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
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SOURCE HPIL Holding
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