DSG Global, parent company of Imperium Motors today updates progress on the Imperium SEV Homologation.
DSG Global (OTCQB: DSGT) has announced progress in the homologation of its Electric Sport Utility Vehicle (SEV) at PMG Technologies in Canada. The company is working to ensure compliance with Motor Vehicle Safety Standards, overseen by vehicle safety consultant Russel Rieger. Delays caused by COVID-19, supply chain issues, and transport challenges have affected the timeline. However, DSGT expects to conform to safety standards by late Q3 2022, paving the way for deliveries shortly after. The SEV will debut at electric vehicle shows in Montreal and Quebec City.
- Progress toward homologation of SEV enhances market readiness.
- Expectations of compliance with Motor Vehicle Safety Standards by late Q3 2022.
- Opportunity for consumer engagement at upcoming electric vehicle shows.
- Delays due to COVID-19 and supply chain issues impacting timelines.
SURREY, British Columbia, April 13, 2022 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company"), an emerging leader in the Electric Vehicles and Golf Cart markets, is pleased to announce the company has advanced to the next stages of homologation for their Electric Sport Utility the SEV.
Determination of the Skywell built SEV conformity to the Motor Vehicle Safety Standards is progressing at the renowned Canadian Federal Government testing facilities in Blainville, Quebec managed by PMG Technologies Test Lab, Imperium’s chosen vendor for the compliance verification of the SEV. Imperium has also retained the services of Automotive Vehicle Safety Consultant Mr. Russel Rieger who has been involved for many years in managing Motor Vehicle Safety programs with Transport Canada as Chief, Enforcement of Vehicle Audit, and Importation. Mr. Rieger is supervising the progress of PMG and liaison with Skywell’s engineering team for technical support.
Mr. Russel Rieger commented, “PMG is one of the largest and most advance Certification and Homologation Vendor in the world. The assessment of the SEV has been so far encouraging. Once the vehicles currently delayed at the Shanghai port for the last of the required test requirements arrive at the facility, we will continue with the remaining impact testing. To conclude what has been a very lengthy process plagued by events out of everyone’s control including, COVID shutdown, supply chain issues, transport problems, chip shortages and dramatic increases in raw material cost”. While not verbatim, the Imperium SEV in his opinion, appears to be well built with many functional safety features and should be a welcome addition to the value conscious EV consumers.
Christian Dubois, President of Imperium Motor of Canada stated “We are now very confident that the SEV will conform to all FMVSS and CMVSS late in Q3, which could see us delivering our units shortly thereafter. I am also excited to bring the SEV to both the Montreal and Quebec City Electric Vehicles Shows in April and May and give consumers the opportunity to test drive the SEV at the show for the first time. The SEV will then be available to the 3 appointed Quebec dealers to arrange test drives to the nearly 800 deposit holders in the province.”
About PMG Technology
Known as the largest and most advanced automotive test and research center in Canada, PMG Technologies is dedicated to testing and research in all areas of transport. Our broad range of skills enables us to support our clients from the drawing board to the commercialization of their products. With offices in Canada and in China, we promote an open communication policy that favors the exchange of information between international markets.
For over 20 years, Transport Canada has relied on our expertise to not only manage its Motor Vehicle Test Center but also to run research programs, compliance programs and create a state-of-the-art center. To this day, we continue to offer highly specialized test services for all areas of transport.
About Imperium Motor Corp.
Imperium Motor Corp. (IMC) is an EV sales, manufacturer 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.imperiumev.com
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 Vantage and Shelby golf carts under the Vantage Tag Systems (VTS) brand, the Company is moving quickly with road-ready electric vehicles for sale in the last quarter of 2022 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 venues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Its clients use VTS' 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 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, Marshal single rider golf carts, Vantage Golf Cart line up and agricultural applications.
Additional information is available a www.vantage-tag.com/
Company Contact:
Brokers and Analysts:
DSG Investment Company
+1-877-589-8806
sales@imperiumev.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 several 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 2021 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 forwardlooking statements or information contained in this news release are expressly qualified by this cautionary statement.
FAQ
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