DSG Global Expands EV Lineup with Two New Models Available in the Second Quarter
DSG Global, Inc. (OTCQB: DSGT) has unveiled new electric vehicle models, including the Imperium Bus to capitalize on the expanding U.S. electric bus market, expected to grow from $469 million in 2019 to $1.5 billion by 2024. The company is now accepting refundable deposits for the Skywell ET5 SUV and T-01 Personal Mobility Vehicle. The T-01 aims to provide affordable mobility for disabled individuals, with no extra cost for adaptations. DSGT’s Imperium Bus features advanced specifications, including a 322-kWh battery and ADA compliance, enhancing accessibility and ride dynamics.
- Launch of new electric vehicle models including Imperium Bus and T-01 that cater to growing market demands.
- No additional cost for adaptive features in the T-01 model, targeting a previously underserved demographic.
- The U.S. electric bus market forecasted to grow significantly, enhancing potential sales for DSGT.
- Innovative design and specifications of the Imperium Bus, such as a monocoque construction for better handling.
- None.
New models include the Imperium Bus, targeting the rapidly growing US electric bus market.
SURREY, British Columbia, March 18, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased to announce multiple new models of electric vehicles (EVs) added to its growing product lineup. The Company also began taking
DSG Global subsidiary Imperium Motor Corp. is expanding its T01personal vehicle line with a new mobility model. This model allows the user to control turning, braking, turn signals, horn and acceleration all from the handlebar without the use of foot pedals, a great option for those who need or wish to drive the T-01 with hand controls only.
“Having already generated strong interest in the T-01, we are excited for the opportunity to begin to take new orders for the mobility model in the second quarter. Our goal is to facilitate freedom and independence for a segment of the population that historically been unable to drive due to high costs of adaptive vehicles. While it typically costs
3.6 million Americans do not leave their home because they are disabled or housebound. As a result, only
In December, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) proposed a rule to expand mobility for people with disabilities. “This rule will make it easier for individuals with disabilities to achieve greater mobility and freedom in their lives,” said U.S. Transportation Secretary Elaine L. Chao.
Also, arriving early in the second quarter will be our new Imperium 12 Meter Class Bus, offered in 35 to 60 seat arrangements with a maximum capacity of 95 passengers. Our electric bus has a 322-kWh battery and is liquid cooled with air suspension on all axles and includes two ADA compliant wheelchair tiedown positions with electric roll out ramp for ease of access.
The Imperium Bus has Better Ride Dynamics through its monocoque construction, which integrates the chassis and body as one part, providing better handling and performance compared to traditional body frame construction. The floor pan can be placed much lower using monocoque construction, giving the vehicle a lower center of gravity. This allows the vehicle to be more agile in terms of handling and provides easier entry for passengers.
DC Fast Charging is standard on the bus allowing extra-fast charging as well as heating and air conditioning as standard equipment as well. These are known to be one of the most reliable buses in the industry and are in demand worldwide.
The US electric bus market is anticipated to grow from
Electric buses are generating fast growing demand across the U.S., primarily driven by support of federal and state governments (in form of subsidies and grants) for the adoption of zero-emission buses. Plug-in hybrids are expected to play a lessening role in the U.S. electric bus market, mainly due to their manufacturing complexity, high cost, and tailpipe emissions.
“These bus models are extremely well priced compared to the other Electric Buses offered in this segment and with five dedicated assembly plants, our production time should be second to none.” continued Curtis.
https://insideclimatenews.org/news/14112019/electric-bus-cost-savings-health-fuel-charging/
About DSG Global
DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest growing market sectors. With roots in the golf industry in which it specializes in fleet management with patented analytics, mobile touch screen engagement and electric golf carts under the Vantage Tag Systems (VTS) brand, the company is moving quickly with road-ready electric vehicles for sale in the first quarter of 2021 through its Imperium Motor Company subsidiary.
About Vantage Tag Systems
Vantage Tag Systems (VTS) provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Its clients use VTS's unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety, and enhance customer satisfaction. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over vehicles worldwide. VTS is now branching into several new streams of revenue, through programmatic advertising, licensing, and distribution, as well as expanding into Commercial Fleet Management, PACER single rider golf carts, and Agricultural applications. Additional information is available at http://vantage-tag.com/
About Imperium Motor Company
Imperium Motor Company (IMC) is an EV sales and marketing company that offers a wide variety of affordable vehicles equipped for the North American market with emphasis on great design, a green mindset, performance, and functionality. Vehicles will include high speed, mid-speed, and low speed electric vehicles including cars, trucks, SUVs, vans, buses, and scooters. For additional information about Imperium Motors' product lines, please visit www.imperiummotorcompany.com.
Company Contact:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipated", "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking information contained or referred to in this news release includes but is not limited to the Company's ability to secure manufacturing facilities and supply chains, the benefits the Company expects to derive from existing and planned products, and the Company's ability to achieve production and sales targets, generally.
Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors which could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: negative cash flow and future financing requirements to sustain operations, dilution, limited history of operations and revenues and no history of earnings or dividends, competition, economic changes, delays in the Company's expansion plans, regulatory changes, and the impact of and risks associated with the ongoing COVID-19 pandemic including the risk of disruption at the Company's facilities or in its supply and distribution channels. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.
Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year 2020 and our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Attachment
FAQ
What new electric vehicles did DSG Global announce on March 18, 2021?
How is DSGT addressing the needs of individuals with disabilities?
What is the expected growth of the U.S. electric bus market?
What features does the new Imperium Bus offer?
How does DSGT plan to compete in the electric bus market?
