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Vectrix Joins Forces With Propeller Energy to Expand Into the Latin American Market by Forming Vectrix South America

NEW BEDFORD, MA -- (Marketwire) -- 09/13/12 -- VECTRIX™ (www.vectrix.com), the global standard bearer and leader in two- and three-wheeled electric vehicles, motorcycles, and scooters, announced today in a joint Press Conference with Propeller Energy SAS in Cali, Colombia that the company is developing operations in Cali which will also include vehicle manufacturing and distribution. On hand at the press conference were Camilo Matiz, President of Propeller Energy SAS, Don Buckley, C.E.O. of Vectrix, and Brian Buccella, Vice President of Global Sales and Marketing for Vectrix.

"Over the past two years, Propeller Energy SAS has been searching globally for the best alternative energy solution to provide to the Latin American Market. Vectrix offers award-winning, leading-edge technology that will bring a real world impact to Latin America," said Camilo Matiz, President of Propeller Energy SAS.

"Our vision continues to be to bring our world class technology solutions to leading global markets. This event marks a significant milestone on our expansion. Latin America has become a focus for our company and this partnership with Propeller Energy SAS greatly strengthens our Market reach in the region. Propeller via Colombia offers a key strategic platform for our Latin America expansion. We look forward to being part of the Latin America growth and we look forward to embracing this new relationship," said Don Buckley, C.E.O. of Vectrix.

Vectrix firmly believes in the strength of the Central and South American markets and this strategic move enables Vectrix to further the impact and credibility of Vectrix core technologies in a growing market. By working with one of Colombia's leading energy companies, Vectrix gains invaluable working knowledge of the region along with expertise in consumer and fleet markets. Propeller Energy SAS will be directly involved with developing core technologies, manufacturing projects, subsystem, and vehicle manufacturing.

"Vectrix is very proud to work on a project of this magnitude with Camilo Matiz and the entire Propeller Energy SAS team," said Brian Buccella, Vectrix Vice President of Sales and Marketing. "The Central and South American markets represent tremendous growth opportunities for electric vehicles. Since Vectrix is recognized for setting the global standards for which electric vehicles are judged, this is a fantastic opportunity to further unify the Vectrix global brand. Propeller Energy SAS is the ideal partner for Vectrix."

About Propeller Energy SAS:
Based in Bogota, Colombia, Propeller Energy SAS is recognized as a leader in Central and South American energy projects, initiatives, manufacturing, and distribution. Propeller Energy seeks to be the leader in the Latina American Market in Electric mobility solutions.

About Vectrix™:

VECTRIX™ (www.vectrix.com) was formed to develop and commercialize zero emission vehicle platform technologies and to set the global standard for electric vehicles. The singular focus of VECTRIX™ has been to provide clean, efficient, reliable, and affordable urban transportation for law enforcement/security, parcel/cargo delivery, and consumer markets. VECTRIX™ now offers professional and private customers a growing range of clean energy vehicles including the VX-1 Li/Li+, VX-2, and VX-3 Li+. In 2011, the VECTRIX™ VX-1 Li/Li+ and VX-2 were named European "e-Scooter of the Year" by CleanWeek 2020 at Belgium's prestigious Circuit Zolder. In 2012, the VECTRIX™ VX-1 Li/Li+ won European "e-Scooter of the Year" for a second consecutive time at CleanWeek. VECTRIX™ has facilities in New Bedford, MA and Wroclaw, Poland. For more information, please visit www.vectrix.com, email [email protected], or call (508) 717-6510.

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Media Contact:
Brian Buccella
Vectrix
Phone: 949-838-7287
Email: Email Contact

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