Strategic Update
2009年4月23日 - 4:13PM
RNSを含む英国規制内ニュース (英語)
TIDMVRX
RNS Number : 0326R
Vectrix Corporation
23 April 2009
Date: 23 April 2009
On behalf of: Vectrix Corporation ("Vectrix" or "the Company")
Vectrix Announces Filing of Restructuring Plan for Polish Subsidiary
Middletown, R.I.- April 23 - Vectrix Corporation (AIM: VRX) (www.vectrix.com),
maker of the world's first high performance, two-wheel zero emission vehicle
(ZEV), announces that while efforts continue to secure new equity and government
based financing as well as strategic initiatives, the Company is continuing to
implement cost savings measures. The Company has initiated restructuring
proceedings under Polish law for its Polish manufacturing subsidiary, which will
allow the subsidiary to continue operations in the ordinary course while seeking
an arrangement with creditors.
Trading in the common stock of the Company remains suspended until further
notice.
- Ends -
Enquiries to:
VECTRIX Corporation www.vectrix.com
Michael J. Boyle, President and CEO(401) 848-9993
HSBC
Nick Donald / Nic Hellyer +44 (0)20 7991 8888
Notes to Editors
About Vectrix
Vectrix listed on AIM in May 2007 and is the developer of the world's first high
performance, zero emission, electric motorcycle which is at least 10 times more
powerful than existing electric power two wheel vehicles.
Vectrix is dedicated to developing and commercializing zero emission vehicle
platform technologies focused on two-wheel applications. Longer term, Vectrix
plans to develop environmentally sensitive technologies for other segments
within the transportation industry.
Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern vehicle
assembly facility in Wroclaw, Poland and an R&D center in New Bedford,
Massachusetts.
Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation
and Leadership in Alternative Vehicle Technologies.
Transportation is the largest single source of air pollution in the world. A
typical motorcycle/scooter produces significantly more CO2 and pollutants than a
large diesel truck, and far more than a modern low emission automobile. The
Vectrix bike utilizes innovative zero-emission technology, offering customers a
clean, affordable, and much needed alternative.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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