AJ Greentech Signs MOU with Saint Island Intellectual Property to Acquire Electric Motor Patent - KPLC 7 News, Lake Charles, Louisiana

AJ Greentech Signs MOU with Saint Island Intellectual Property to Acquire Electric Motor Patent

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NEW YORK, NY and TAIPEI, Taiwan / ACCESSWIRE  / Aug 21, 2014 / AJ Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer, manufacturer and distributor of green energy, announced today that it has recently signed a MOU with Saint Island Intellectual Property Co., Ltd to acquire its patent for electric motor and advanced controller system.

The patent contains intellectual property that will form the foundation for AJ Greentech’s future development of electric vehicles. It combines the innovation and performance to market characteristics of countries deeply immersed in the research and development of renewable energy technologies, such as China and India. It will create significant advantages that will propel AJ Greentech to unparalleled heights in the market.

Ms. Chu Li An, Chief Executive Officer, commented, “This patent is another cog in our well-oiled machine. We can rapidly and cost-effectively introduce new vehicles to meet the need of growing economies. Our mission to innovate, produce, and market low-cost advanced electric vehicles for the masses will surely come to fruition with the steps that we have taken.”

About AJ Greentech Holdings: AJ Greentech Holdings is a full-service environmental technologies and R&D firm dedicated to providing innovative solutions to communities, industries and governments addressing the issues of green energy, environmental protection and sustainability. It offers innovative solutions for Green Transportation, Green Energy and Sustainability. AJ Greentech integrates its own native advanced technologies along with third-party technologies and systems to provide its customers with the most effective and economical solutions. Additional information about the company is available at: http://www.ajgreentech.com/.

Forward-Looking Statements: This release contains certain “forward-looking statements” relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov/). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

US CONTACT INFO:

AJ Greentech Holdings, Ltd.
News Release Department
718-395-8706

 

SOURCE: AJ Greentech Holdings, Ltd.

ReleaseID: 419380

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