Leo Motors Inc. (OTCMKTS:LEOM) subsidiary firm Leo Motors Korea Inc. has finalized a sales deal with Miho Story, Inc. for the production of smart phone electric vending trucks. The preliminary order totals around $300 million for 500 trucks. It will be followed in next couple of years by the production of 1,000 trucks for further $600 million. The truck operation and design solutions were advanced by Leo Motors Korea.
The vending trucks will be prepared with Leo Motors’ Energy Storage System that interacts with the vehicle diagnosis system and cloud server advanced by Leo Artificial Intelligence Connected, Inc. It is another subsidiary firm of Leo Motors. Moreover, the ESS power source is swappable utilizing company’s cartridge battery system.
By utilizing ESS, the trucks evade utilizing Internal Combustion Engines and released pollution while utilizing electricity to commercialize smartphones and accessories in the market. Being associated to Leo’s patented MDR enables vending truck operators to passage in real time to increased sales potential locations. The company’s connected car technology offers anti-theft, real-time maintenance and on road battery, swap services as MDR are repeatedly scanning every module of the vending truck.
Dr. Kang, the CEO of Leo Motors, stated that they are thrilled about this important deal as it indicates that Leo Motors Korea is turning to be a profit generating firm.
Miho Story comes in the list of the leading mobile phone marketers in Korea in the past ten years. They have patented the commercial setup of the smartphone vending truck. Presently, the Korea government controls the mobile and Internet sales of cellular phones to avoid the phone fraud. The mobile phone marketer needs to verify the buyer’s official ID Card using a scanner. Miho’s vending truck will bring smartphones to the retail stores and those ordered using the mobile and Internet devices.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:
The Next Big Thing In Biotech?https://journaltranscript.com
Get our top rated alerts on the biotech sector
Miner Stock About To Explodehttps://www.journaltranscript.com
Investors are flocking to this stock like no tomorrow !
Traders Need To Know This Nowhttps://journaltranscript.com
WallStreet is loading up on this stock. Find out why