The team at BACD.IO (https://www.bacd.io/) and eTUGA.IO (www.etuga.io) have developed an integrated service to market the introduction of the proposed eTUGA Utility Token with the simultaneous launch of a TUGA Augmented Reality (AR) application which allows users to experience an augmented reality visualization and interaction with any TUGA vehicle in a user-specified environment.
Online Event Information
To find out more, there will be an online event live from
https://us02web.zoom.us/j/86205626329?pwd=RnNxa0tSeVhURVVOaFBmNFNuMk5vQT09
Meeting ID: 862 0562 6329
Passcode: 773502
For additional information, please visit our site (www.tugainnovations.com) and download our app which is also available on the
The introduction of the eTUGA Utility Token will provide participation in the TUGA program by offering access to a variety of services under specialised conditions and environments. Find out more at the eTUGA website (https://www.etuga.io/).
The TUGA program has seen progress in the design and development of engineering, electronics, software, and styling of the innovative TUGA three-wheeled, fully electric fore-and-aft 2-seat vehicle. Literally no wider than a motorcycle, the TUGA delivers agility, and a patent-pending expanding rear axle provides high-speed stability. Additionally, an expandable chassis provides outstanding passenger and cargo access. The vehicle is being designed to offer advanced connectivity technology with an estimated 160 km range at up to 140km/hour, with more protection than a motorcycle in an interchangeable multi-body, multi-function platform.
On behalf of the Board of Directors,
Sincerely,
Chief Executive Officer & Director
About
For further information, please contact:
TUGA Investor Relations
Tel: +1 415.799.7911
Email: info@tugainnovations.com
Forward-Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute 'forward-looking information' within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as 'aim', 'aims to', 'may', 'would', 'could', 'will', 'will be' 'likely', 'expected', 'anticipated', 'proposed', 'believe', 'intend', 'intent', 'looking forward', 'plan', 'forecast', 'project', 'estimate', 'outlook', 'hope', 'the potential to' or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company addressing challenges faced when driving in, between, and around urban centres and metropolitan areas; the introduction and creation of the eTUGA Utility Token and anticipated benefits, the eTUGA Utility Token providing participation in the TUGA program; the launch of the TUGA Metaverse application and associated features including virtual test drive; ; the Company's commercialization of its automotive concepts including the creation of a branded family of vehicles; the design of the vehicle including the three wheels, the number of seats, an optional suite of advanced digital communications and navigation aids, the width of the vehicle, the expanded rear axle feature of the vehicle and its anticipated passenger comfort and cargo handling capability, the advanced connectivity features of the vehicle and anticipated benefits, the km range and top speed of the vehicle, and the safety, performance, and comfort offered by the vehicle.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company's ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company's final prospectus dated
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