Worlds First Marketable Plug-in Hybrid Boat Launched by LGM
Debut of Long Range Electric Boat Using Diesel Engine Generator
SEOUL, SOUTH KOREA / ACCESSWIRE / October 11, 2017 / LGM, Inc., a subsidiary of Leo Motors Inc. (OTCQB: LEOM), unveiled its proprietary Plug-in Hybrid Boat (PHEB) propulsion system currently available in the market.
Several PHEB development attempts were made throughout the world but completion and launch of the commercial model have been unprecedented. LGM’s new 90 horsepower PHEB propulsion system consists of an electric propulsion system powered by a 67kW electric motor, controller, 24 kWh Lithium Ion battery power pack, and a diesel engine generator that charges between 3kWh ~ 9 kWh of electricity to the battery.
When applied to a 24-foot fishing boat, the electric propulsion system produces a range of 18 miles per charge at an average speed of 30 km/hour. The diesel engine generates electricity for the battery for additional electricity, solving range limitation problems of electric boats. Dr. Kang, Chairman of LEOM, said, “With the debut of LGM’s PHEB system, LGM solved the range limitation problems of electric boats. We expect substantial market growth through this development.”
The new PHEB system is managed by an artificial intelligence (AI) controller which activates the generator automatically when the battery is depleted. The AI controller also calculates the energy required to reach the destination and reports the status of all components of the PHEB on a digital cluster.
LGM’s electric inboard and outboard propulsion systems now range from 40 HP to 700 HP and can be supported by their Sailing Generation System which uses wind to recharge batteries while driving, providing an option other than conventional electric boat charging methods.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.
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SOURCE: Leo Motors Inc.
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