T3 Motion, Inc. Announces Strategic Manufacturing Agreement with McDonald Technologies
New Partnership Expands T3 Motion's Manufacturing Capabilities and Improves Operational Efficiencies
COSTA MESA, Calif.--(BUSINESS WIRE)-- www.t3motion.com - T3 Motion, Inc. (NYSE MKT:TTTM), the leading provider of Electric Vehicle Technology for commercial, law enforcement and personal use, today announced it has entered in to a strategic manufacturing agreement with McDonald Technologies, a U.S.-based manufacturing services provider. Under the terms of the agreement, T3 Motion will collaborate with McDonald Technologies on the manufacturing of its current Patroller™ and Vision™ Series electric vehicles as well as the development of a new advanced 3rd generation vehicle to be launched in Q4 2013.
"We are very pleased to welcome our new partner McDonald Technologies as an integral part of the T3 Motion, 'Made in America' product supply chain," said William Tsumpes, CEO of T3 Motion. "McDonald Technologies' expertise in high volume product manufacturing and delivery models should prove invaluable as we continue to grow our global sales as well as improve T3 Motion's manufacturing, operational efficiencies and cost structures. Together, we can leverage our respective strengths and expertise to extend the reach of T3 Motion's products worldwide. This partnership with a U.S.-based contract manufacturer is an important step in enhancing our manufacturing capabilities and delivering next-generation products that bolster our bottom line while maintaining our traditions of being a high quality U.S.-based manufacturer."
"We are extremely excited to have been selected as a strategic partner in T3 Motion's supply chain solution," said Gary Sadler, Vice President of Business Development at McDonald Technologies. "We believe that this relationship has significant synergistic benefits to both parties and look forward to a long and prosperous partnership for many years to come."
About McDonald Technologies
McDonald Technologies is an American-based custom integrator of Electronics and Electro-mechanics with over 45 years of operational excellence, strategically centered in the Dallas/Ft. Worth Metroplex with a Design Center located in San Antonio, Texas. For more information, visit www.mcdonald-tech.com
About T3 Motion
T3 Motion, Inc. (NYSE MKT: TTTM) designs, markets and manufactures the T3 Patroller™ and Vision™ Series Electric Stand-up Vehicles. Headquartered in Orange County, California, T3 Motion is dedicated to the deployment of Electric Vehicle Technology to the international law enforcement, security and personal mobility markets. More than 4,000 T3 vehicles have been deployed in over 30 countries worldwide. For more information, visit www.t3motion.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding T3 Motion's business, which are not historical facts, are "forward-looking statements" that are not guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, among others, factors associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering. For additional information concerning these and other factors that may cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Registration Statement filed on Form S-1, as amended, and in periodic reports the Company files from time to time with the Securities and Exchange Commission
T3 Motion, Inc.
William Tsumpes, +1-714- 619-3600
Gary Sadler, +1-972-421-4121
VP Business Development
KEYWORDS: United States North America California Texas
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