Vision
Industries and Burtek, Inc. to Enter Into Teaming Agreement
Los Angeles, CA, May 17, 2010—Vision
Industries Corp. (OTCBB: VIIC), producers of zero
emission electric/hydrogen hybrid trucks, is pleased to announce that it has
signed a letter of intent with Burtek,
Inc. to enter into a teaming agreement
regarding Burtek’s representation and/or production of Vision’s hydrogen fuel
cell-related products for the U.S. defense market. The Vision products under consideration for
this teaming agreement include Class 8 hydrogen fuel cell trucks; its mobile
synthetic hydrogen fuel generation system; and platform, trailer and other
vehicle platforms with hydrogen fuel cell power trains as they are made
commercially available by Vision.
“Consider
the fact that a full 80 percent of all United States Marine Corps fatalities
occur in convoys; 40 percent of which are primarily involved in the transport
of both water and fossil fuels,” said Dr. James I. Finley, President and
Chief Executive Officer of Burtek. “Reducing
or eliminating the need to transport fossil fuels and water further entrenches
the value of the hydrogen-fuel solution in saving American lives.”
Of the agreement, Martin Schuermann,
President and CEO of Vision stated, “We are excited about the prospect of
working with a company that has proven itself to be very successful in the
military marketplace. The U.S. Marine
Corps Systems Command is currently soliciting demonstration projects for its
experimental, forward operating base exhibit at the Marine Corps Base in
About Burtek, Inc.
Burtek, Inc. is a wholly-owned subsidiary of Rabintex Industries Ltd. Burtek, headquartered in Chesterfield, MI, specializes in the design, manufacture, testing and system integration of complex and customized military mobile ground systems such as radar systems, ground vehicles, shelters and trailers. For more information on Burtek, Inc., please visit www.burtekinc.com.
About Vision Industries Corp.
Vision is a
developer of zero emission electric/hydrogen hybrid powered vehicles and
turnkey hydrogen fueling systems. Vision’s proprietary electric/hydrogen
hybrid drive system combines the superior acceleration of a battery powered
electric vehicle with the extended range provided by a hydrogen fuel cell.
Vision uses major manufacturers as partners or sub-contractors to produce its
vehicles. This business approach avoids massive outlays of startup
capital. Many regional, state and federal alternative energy programs in
the form of grants, subsidies, tax credits and loans exist or are planned. For
more information on Vision Industries Corp., please visit www.visionindustriescorp.com
Matters discussed in this press release contain
forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the Company
and are subject to a number of risks and uncertainties. These include, but are
not limited to, risks and uncertainties associated with: the impact of
economic, competitive and other factors affecting the Company and its
operations, markets, product, and distributor performance, the impact on the
national and local economies resulting from terrorist actions, and U.S. actions
subsequently; and other factors available from the Company.
Vision contact:
Rusty Miller, 310.450.0299 Ext. 205 or Rusty@visionmotorcorp.com