HPIL Holding (HPIL), Announces it Has Entered into a Letter of Intent to Develop the Apogee CZYSZ Electric Powered Motorcycle

Rhea-AI Summary

HPIL Holding (OTC: HPIL) has signed a Letter of Intent to collaborate with the Michael Czysz estate to develop a proof-of-concept Electric Motorcycle utilizing the Apogee Dynamics Power Management System. CEO Stephen Brown expressed enthusiasm about the partnership with MotoCzysz, highlighting their shared history of innovation in electric vehicles. The motorcycle aims to combine advanced power distribution with exceptional range. This project seeks to honor Michael Czysz's legacy, as he was a pioneer in electric motorcycle technology.

Positive

• Collaborating with renowned MotoCzysz strengthens HPIL's position in the electric motorcycle market.
• Development of a unique power management system may enhance product competitiveness.
• Honoring Michael Czysz's legacy could attract interest and investment in HPIL's initiatives.

Negative

• None.

VANCOUVER, BC, Oct. 7, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces it has signed a Letter of Intent with the representatives of the Michael Czysz estate to develop a proof-of-concept Electric Motorcycle under the Apogee Dynamics Power Management System. 

"We are excited to be moving to a long-form agreement with MotoCzysz on this thrilling project. As early innovators in the Electric Vehicle space, they are a perfect match to what Apogee aspires. Their E1pc raced on the cutting edge of EV technology, winning four (4) Isle of Man racing championships. It's wonderful that Michael's legacy will live on through Apogee Dynamics," said Stephen Brown, CEO. 

Michael as evidenced in many articles, including documentaries https://www.youtube.com/watch?v=ZvL__fyk9K8 where it shows his journey to build the Worlds Fastest Motorcycle. https://canadamotoguide.com/2016/05/09/michael-czysz-american-motorcycle-pioneer-succumbs-to-cancer/.  This brings together revolutionary Apogee technology with Electric Motorcycle world-champion pioneer MotoCzysz, whose legendary visionary, Michael Czysz, passed away in 2016.

"Apogee's powertrain system will provide a unique profile in the Electric Motorcycle segment, providing both advanced power distribution as well as unrivalled range.  I am eager to integrate this into the Apogee Czysz Electric Motorcycle and to continue the spirit of invention and innovation that Michael Czysz began," said Lord Ferrox Tutinean, CTO.

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: 

HPIL Holding
1720 650 West Georgia St
Vancouver, BC V6B 4N8

Contact: Stephen Brown, CEO
www.hpilholding.ca
info@hpilholding.ca
Ph: (778) 819-1956

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SOURCE HPIL Holding

FAQ

What is the latest announcement from HPIL Holding regarding electric motorcycles?

HPIL Holding announced a Letter of Intent to develop an electric motorcycle with the Michael Czysz estate.

What significance does the partnership with MotoCzysz hold for HPIL?

The partnership enhances HPIL's credibility in the electric vehicle sector and aims to innovate electric motorcycle technology.

When was the press release about HPIL's electric motorcycle project published?

The press release was published on October 7, 2021.

What is the aim of the new electric motorcycle project by HPIL?

The project aims to create a proof-of-concept electric motorcycle incorporating Apogee Dynamics Power Management System.

What is the stock symbol for HPIL Holding?

The stock symbol for HPIL Holding is OTC: HPIL.