Electric Motors Corporation’s CEO Wil Cashen Awarded ‘Key to the City’ of Nappanee
NAPPANEE, Ind.--The key to turning the Northern Indiana economy around could be electric vehicle technology and the man who’s leading that job creation effort was honored with a token of the community’s appreciation.
Wil Cashen, CEO of Electric Motors Corporation (Pink Sheets:EMCO), received a key to the city of Nappanee at Green Jobs for America: A Music, Technology & Fun Festival on September 5th, 2009.
“I’m honored, but I don’t feel I’ve done anything special to deserve this,” says Cashen. “I’m just doing my job, trying to get people back to work.”
Partnering with RV manufacturer Gulf Stream Coach, EMC’s goal is to bring 1,600 new jobs to Elkhart County by 2012, making it by far the largest potential new employer in the area.
“Wil has brought so much hope to the Wa-Nee area and Northern Indiana in the form of job creation,” says Nappanee Mayor Larry Thompson. “This was our way of thanking him for all he’s done. We look forward to the future.”
The Green Jobs for America event, held at Electric Motors’ Wakarusa headquarters, was an opportunity for area businesses to showcase their ‘green’ technologies and educate the public on the jobs they can create.
The Elkhart County community also got a sneak peak of the EMC ‘Flash,’ the first American made light-duty electric pick-up truck. See a picture of it at www.electricmotorsco.com.
The event drew a crowd of about 2,500 people.
About EMC:
Electric Motors Corporation, publicly traded under the ticker symbol (EMCO.PK), develops and manufactures electric power drive systems for electric vehicles for EMC brand and other various manufacturer brand cars and light duty trucks through its supply-chain network partners. EMC utilizes proprietary electric drive system technology and a methodology of compounding motor-generators, EMC flex-fuel motors and energy control/management/storage systems to greatly reduce parasitic power train losses that significantly improve fuel efficiency and deliver cleaner emissions. EMC's power drive technology is clean, efficient, safe and reliable and simple to apply to vehicles produced currently and future electric plug-in and/or hybrid models.
EMC electric power drive systems generate drive energy or charging energy that efficiently increases the vehicle total drive range for long distances. EMC's mission is to become the first independent company to mass-produce cost-competitive power-train systems for hybrid and electric vehicles. The company's corporate headquarters are located in Camarillo, California with research and development offices located in San Jose, California, and a manufacturing and distribution office in Elkhart County, Indiana.
Safe Harbor Statement:
Special Note Regarding Forward-Looking Statements: Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to EMC on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that EMC will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that EMC may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of EMC's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as other risks and uncertainties, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.