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VIA Acquires Automotive Engineering Company to Augment Engineering and Production Capacity

OREM, UT -- (Marketwired) -- 05/19/14 -- VIA Motors' CEO John Weber announced today that VIA has acquired Prodigy Engineering, an electric vehicle design, engineering and prototyping company. Prodigy has been under contract with VIA to prototype new vehicle models for the company's expanding portfolio.

"This acquisition expands VIA's talent base with a dedicated, talented engineering team to focus on VIA's product development and vehicle testing," said Weber. "Mike and Mark Patey will continue to contribute their highly respected engineering talent. This team brings VIA cutting edge engineering solutions for our advanced electric vehicles," Weber concluded.

"We are inspired by VIA's transformation of the automotive industry and proud to be part of the team," said Mike Patey, who co-owns Prodigy Engineering with his brother Mark. "We believe the merger of resources with VIA can deliver innovations and solutions making VIA's electrified fleet vehicles the gold standard," concluded Mark Patey.

The acquisition included an exclusive license to advanced Lithium Ion battery cooling technology. The technology promises longer battery life and improved performance across the operating spectrum. The Prodigy engineering talent will be retained. Founders Mark and Mike Patey will continue to contribute under a four year retainer and non-compete agreement with VIA.

About VIA Motors
VIA Motors is a privately held electric vehicle development and manufacturing company. VIA employs a streamlined second stage manufacturing process to integrate its proprietary V-DRIVE™ power train into new OEM vehicles, then sells directly to fleets under the VTRUX™ brand name. VIA VTRUX deliver up to 40-mile battery range and unlimited extended range, averaging over 100 mpg in typical daily driving. More information at: VIAmotors.com.

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