VANCOUVER, British Columbia and LISBON, Portugal, Oct. 14, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations,” or the “Company”), which is creating options for city mobility challenges with the TUGA, a brand new sort of electrical automobile (“EV”), is happy to announce and welcome Mr. Lucas Leonardi to its board of administrators with quick impact.
Mr. Leonardi is presently the Automotive Global Accounts Team Director at Amazon Web Services EMEA based mostly in Paris, France. He brings over 25 years of gross sales & product advertising expertise (business growth, authentic tools producer agreements and revenue and loss assertion administration) in software program and associated software program as a service business endeavour. Lucas is acknowledged as an agile strategist with entrepreneurial management and managerial abilities in worldwide and multicultural environments. He just lately served as SVP Mobility for Valtech (a software program integrator) creating vertical methods for group mobility as a service providing. Previously he served underneath Peugeot Citroën SA Group (now Stellantis) as Head of Worldwide Strategy & Partnerships Connected Cars, then as COO for Free2Move (Stellantis Mobility model). His profession started at Hewlett-Packard in California adopted by the creation and sale of his personal encryption software program firm to Gemalto and subsequent government positions as EMEA Snr. Business & Marketing Manager at Logitech Switzerland, and Snr. Business Development Director EMEA at Lookout in London.
Lucas Leonardi, newly appointed director at TUGA Innovations feedback, “The TUGA project seems right on target in so many ways. The vehicle, along with the digital elements, is an extremely attractive package; and the go-to-market concept is innovative and compelling. The management team has an excellent focus to successfully develop the company.”
In associated information, Mr. Kraig Schultz has introduced his resignation from his function on the board of administrators.
John Hagie, TUGA Innovations CEO and Chairperson of the board of administrators, notes “First of all, I want to wish Kraig the very best on his future endeavours, as he was instrumental in helping us to start the Company, and his efforts remain greatly appreciated.”
“At the same time, we are delighted to welcome Lucas to the team and look forward to working with him.” Hagie continues, “Lucas brings great insight, perspective, and access to an outstanding network of industry colleagues from his far-reaching career experiences. We are always looking to build value in our venture, and with ever-stronger leadership we continue to move the needle forward towards commercialization for our exciting products.”
On behalf of the Board of Directors,
Sincerely,
~John Hagie~
John Hagie
Chief Executive Officer & Director
TUGA Innovations, Inc.
As half of the Company’s disclosure obligations as a public issuer, ongoing monetary and materials filings might be discovered underneath the Company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. We invite the general public to go to our web site at www.tugainnovations.com and to enroll to our “news alerts” to be suggested of future information and occasions. Please watch our video which is now out there on the web site, and comply with us on Instagram, Twitter, and LinkedIn.
About TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF)
TUGA Innovations is a development-stage electrical automobile firm enterprise the conception, design, and manufacturing of specialised EVs to enhance the city mobility expertise. The Company is trying to scale back city mobility difficulties by creating a family of three-wheeled, totally electrical fore-and-aft 2-seat automobiles. The automobile isn’t any wider than a bike for agility and affords a patent pending increasing rear axle for high-speed stability together with a patent pending expandable chassis designed for passenger consolation. The automobile will provide superior connectivity expertise to maximize security, efficiency, environmental influence, consolation, upkeep, and navigation. The TUGA automobile is being designed to ship an estimated 160 km vary, have an estimated high pace of 140km/hour with the comforts of a automotive, and with extra safety than a bike in an interchangeable multi-body, multi-function platform. Find out extra at: https://tugainnovations.com/, watch our video, and comply with us on Instagram, Twitter, and LinkedIn.
For additional data, please contact:
TUGA Investor Relations
Tel: +1 415.799.7911
Email: [email protected]
Forward-Looking Statement
This information launch accommodates statements and knowledge that, to the extent that they aren’t historic reality, might represent “forward-looking information” inside the which means of relevant securities laws. Forward-looking data might embody monetary and different projections, in addition to statements concerning future plans, aims, or financial efficiency, or the belief underlying any of the foregoing. In some instances, forward-looking statements might be recognized by phrases equivalent to “aim”, “aims to”, “may”, “would”, “could”, “will”, “will be” “likely”, “expected”, “anticipated”, “proposed”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, “hope”, “the potential to” or the damaging thereof or different related expressions regarding issues that aren’t historic details. Examples of such statements embody, however should not restricted to, statements with respect to the Company addressing challenges confronted when driving in, between, and round city centres and metropolitan areas; the Company’s commercialization of its automotive ideas; the Company’s go-to-market idea for its automobile; the Company transferring the needle ahead in direction of commercialization for its thrilling merchandise; the width of the automobile, the expanded rear axle function of the automobile, the superior connectivity options of the automobile and anticipated advantages, the km vary and high pace of the automobile, and the security, efficiency, and luxury supplied by the automobile.
Forward-looking data relies on the assumptions, estimates, evaluation, and opinions of administration made in gentle of its expertise and its notion of traits, present situations and anticipated developments, in addition to different components that administration believes to be related and cheap within the circumstances on the date that such statements are made, however which can show to be incorrect. The materials components and assumptions used to develop the forward-looking data contained on this information launch embody, however should not restricted to, key personnel and certified workers persevering with their involvement with the Company; the Company’s skill to safe further financing on cheap phrases; the aggressive situations of the industries wherein the Company operates; and legal guidelines and any amendments thereto relevant to the Company.
Forward-looking data entails recognized and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency or achievements of the Company to differ materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data, together with, with out limitation, dangers relating to the long run business plans of the Company; dangers that the Company will be unable to retain its key personnel; dangers that the Company will be unable to safe financing on cheap phrases or in any respect, in addition to all of the opposite dangers as described within the Company’s closing prospectus dated November 30, 2021 underneath the heading “Risks Factors.” Accordingly, readers mustn’t place undue reliance on any such forward-looking data. Further, any forward-looking data speaks solely as of the date on which such assertion is made. New components emerge from time to time, and it’s not potential for the Company’s administration to predict all such components and to assess upfront the influence of every such issue on the Company’s business or the extent to which any issue, or mixture of components, might trigger precise outcomes to differ materially from these contained in any forward-looking data. The Company doesn’t undertake any obligation to replace any forward-looking data to mirror data or occasions after the date on which it’s made or to mirror the incidence of unanticipated occasions, besides as required by legislation, together with securities legal guidelines.
The CSE doesn’t settle for duty for the adequacy or accuracy of this launch.
