Cybernetic Technologies Ltd (HPIL), Announces Apogee Dynamics Ltd to Develop Apogee D7
Cybernetic Technologies Ltd (OTC: HPIL) announced on June 22, 2021, the development of its electric vehicle, the Apogee D7, powered by a new drive system from L. Ferrox Tutinean and Apogee Dynamics Ltd. The Apogee D7 will be a 4-seater vehicle, incorporating innovative business models from up to 10 partners across various sectors including technology and green materials. CEO Stephen Brown indicated that a dedicated website for the vehicle will launch in 45 days. The announcement includes forward-looking statements and highlights potential risks related to market conditions and product acceptance.
- Development of the electric vehicle Apogee D7 could enhance market presence.
- Collaboration with 10 partners may lead to innovative features and business models.
- Forward-looking statements indicate risks related to market conditions and product acceptance.
VANCOUVER, BC, June 22, 2021 /PRNewswire/ -- Cybernetic Technologies Ltd (the "Company") (OTC: HPIL) announces that it has decided to develop its own electric auto named "APOGEE D7" using the powertrain developed by L. Ferrox Tutinean and Apogee Dynamics Ltd.
"The plan for the new Apogee D7 is a 4 seater vehicle that will not only use the new Apogee powertrain, it will have up to 10 partners all utilizing their DISRUPTIVE business models from Technology, Green, Materials and Media that will challenge the future of the auto industry as it is known today. All partners will have their imprint on the vehicle and will be an instrumental part of its functionality. We look to have the Apogee D7 website up within the next 45 days," said Stephen Brown, CEO.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information:
Cybernetic Technologies Ltd
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
www.cybernetictech.ca
info@cybernetictech.ca
Ph: (778) 819-1956
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SOURCE Cybernetic Technologies Ltd
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