TUGA INNOVATIONS INC - TUGAF STOCK NEWS

TUGA Innovations, Inc. has announced a non-binding letter of intent (LOI) to form a consortium with VANGEST Group and Optimal Structural Solutions. This collaboration aims to produce the first commercial prototypes of the TUGA electric vehicle (EV), a three-wheeled, two-seat vehicle designed for urban mobility. The consortium will focus on engineering design, interior fabrication, and EU regulatory compliance, aiming to enhance marketing efforts and launch premium services in Portugal. The TUGA vehicle promises innovative features like a patent-pending expanding chassis and up to 160 km range.

TUGA Innovations, Inc. (CSE: TUGA) has appointed Lucas Leonardi to its board of directors, effective immediately. Leonardi brings over 25 years of experience in automotive software and product marketing, including roles at Amazon Web Services and Stellantis. His insights are expected to enhance the company’s development of urban mobility solutions through its electric vehicle (EV), which features innovative designs and advanced connectivity. The announcement also included the resignation of board member Kraig Schultz, who played a key role in the company's inception.

TUGA Innovations, Inc. (CSE: TUGA) has ventured into the metaverse, integrating augmented and virtual reality into its marketing strategy for electric vehicles. The company plans to launch promotional tools available in the Quest store and as an app on Apple and Google platforms. TUGA’s innovative VR and AR tools will allow users to explore the features of its urban mobility vehicles, enhancing the customer experience before the commercial prototype release slated for late 2022 or early 2023. This move aims to position TUGA as a leader in digital marketing within the automotive sector.

TUGA Innovations, Inc. (CSE: TUGA) has announced the launch of the TUGA Delivery Box, an innovative food delivery module, aimed at addressing urban mobility challenges. The Delivery Box includes features such as automated environmental controls, heating/cooling, and weight distribution to ensure food quality during transport. A patent application has been filed for this product. The company is focused on developing a range of electric vehicles designed for improved urban transport, including the TUGA Commuter and TUGA Deliver models, which aim to enhance safety and convenience in crowded urban areas.

TUGA Innovations, Inc. has announced a non-binding letter of intent with Rensair LLC to potentially integrate air purification technology into its electric vehicle (EV) product line. This collaboration aims to enhance air quality within TUGA vehicles, providing solutions to urban mobility challenges. The proposed system will filter and monitor pathogens and organic compounds in the vehicle, improving passenger health during commutes. TUGA Innovations emphasizes a commitment to innovation and quality in urban mobility.

TUGA Innovations is advancing its vehicle development, targeting a production prototype in Q4 2022 or Q1 2023. The company has completed preliminary design phases in collaboration with Optimal Structural Solutions, focusing on innovative design and safety. The prototype, TUGA V0, features patent-pending technologies, including a retractable rear axle and an expandable chassis. TUGA has filed five patents and plans to file more as development progresses, aiming to address urban mobility challenges effectively.

TUGA Innovations (CSE: TUGA) has filed a patent application for its new emissions measuring technology called “PLUME.” This technology, developed by Francisca Cunha and Sofia Pereira, aims to visualize emissions from internal combustion engines in real-time using augmented reality. CEO John Hagie emphasized the potential of PLUME to enhance TUGA's electric vehicle offerings, which are designed for urban mobility and environmental sustainability. The TUGA electric vehicle will feature innovative designs, including a maximum range of 160 km and a top speed of 140 km/h.

TUGA Innovations, Inc. has announced a comprehensive vehicle lineup to address urban mobility challenges. The new electric vehicle models, including TUGA THUNDER, FALCON, COMMUTER, DELIVER, CARGO, and PICKUP, are designed for commercial fleets and consumers. Key features include a patent-pending retractable rear axle and extendable chassis options, enhancing safety and performance. The product family aims to improve maneuverability and storage capacity, with a focus on different market needs. CEO John Hagie emphasizes maximizing production efficiency and stabilizing costs through a common base model.

TUGA Innovations, Inc. (CSE: TUGA) has announced the launch of a 24-36 month action plan to commercialize its new electric vehicle (EV) designed for urban mobility. The plan includes engineering, prototype testing, regulatory approvals, and software integration. Key innovations include a patent-pending extendable rear chassis and rear axle, aimed at enhancing stability and passenger entry. The company is exploring Mobility-As-A-Service (MaaS) and integrating advanced technologies like AI and augmented reality into its platform. CEO John Hagie emphasizes the focus on customer experience in their strategic direction.