Techalt, Inc. (OTC: TCLT) recently announced that, working together with its merger partner EV Parts, Inc., it will soon be carrying electric vehicle applications for the Dodge Neon and Toyota Echo. After the news was announced, the company saw a rise of 78.57%.
Techalt, Inc. primarily concentrates in secure wireless communications toolset to be used by emergency first responders in the public sector and for communications interoperability, multi-level integration of communications, and collaboration enhancement within public and private sectors. EV Parts, Inc. supplies electric vehicle parts and components online, dealing through the energy markets. The merger between the two companies is set to close before or on March 18, 2008. EV Parts will be gaining more recognition as the company will be featured on “Mean Green Machines,” a new show airing on the Discovery channel, with the time and date to be announced in the near future.
EV Parts’ President, Roderick Wilde, stated, “The current macro problem with others in the EV conversion market is that they have to rely on outside venders for their fabrication. The only way to solve this problem is to have your own fabrication facility. Since all we will be doing is EV-related fabrication we can hire as many people as necessary to handle increased demand for products and roll out our proprietary innovations globally,” said Mr. Wilde.
Tom True, EV Parts’ Chief Executive Officer, commented, “Part of our reasoning for entering the public sector is the tremendous opportunities we see globally. We are currently shipping to over 45 countries. We anticipate that upon opening our planned 3-6 international store/distribution/fabrication centers, some in tax-free zones established through prearranged meetings with foreign nationals, our delivery time and margins will significantly improve along with our name brand in this multi-billion dollar ‘green’ industry.”
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