808 Renewable Energy Corporation (OTC Pink: RNWR) has launched new marketing campaigns and started delivering electric reverse-trike vehicles and mopeds, according to a recent press release. CEO David Chen expressed excitement about the company's future growth prospects, especially after successfully showcasing products at multiple events, including The Florida Mall and the Deland Air Show. The company plans to expand its recreational product line to include UTVs, golf carts, and electric mountain bikes. The Orca is highlighted as the only electric reverse-trike currently on the market.
808 Renewable Energy Corporation (OTC PINK:RNWR) announced the recruitment of a new distributor for North and South Carolina, targeting the burgeoning tourism market in these states. With South Carolina's tourism industry valued at $23.8 billion and North Carolina's at $25.3 billion, the company aims to leverage these opportunities with a range of electric recreational vehicles including e-Scooters and e-Bikes. The company plans to showcase its products at the IAAPA Expo in Orlando from Nov. 16-19, enhancing its market presence and potential share in the electric vehicle sector.
808 Renewable Energy Corporation (OTC Pink: RNWR) has successfully developed the upgraded Orca autocycle, named the “Orca SS / Super Sport,” set for release in Q4 2021. CEO David Chen highlighted the model's enhanced power and extended battery capacity, aimed at performance enthusiasts. VP Remy Breton emphasized the vehicle's impressive acceleration and absence of a clutch transmission. CFO Peter Chen acknowledged challenges from global supply chain issues but expressed confidence in meeting product rollout timelines.
808 Renewable Energy Corporation (OTC Pink: RNWR) plans to launch its products at The Florida Mall in Orlando on November 6, 2021. This mall, the largest in Central Florida, attracts over 20 million visitors annually. The company aims to sell 10,000 units in its first year, projecting $100 million in revenue. Their e-Bike products will start at $799, appealing to the North American market. The company is also actively pursuing additional retail locations and promoting their products aggressively within the rental fleet markets.
808 Renewable Energy Corporation (OTC PINK: RNWR) announced the receipt of Trademark Serial Number 90825014 for its ORCA trademark from the U.S. Patent and Trademark Office. The Company is accelerating its plans for the upcoming Christmas shopping season in Q4 to establish a significant presence in the electric vehicle market. Additionally, a strategic partnership with EZGO Technology will enhance their production of electric reverse-trike vehicles and e-bikes, with prices starting at $799. The Company is optimistic about the market response and upcoming product launch.
808 Renewable Energy Corporation (OTC Pink: RNWR) has announced a strategic cooperation with EZGO Technology for OEM co-manufacturing. A tri-party agreement involves EZGO managing chassis and frame production, while Coleitec Composites will supply advanced composite materials. CFO Peter Chen emphasized enhanced production capacity for electric vehicles. CEO David Chen expressed optimism about future growth, highlighting cost efficiency through strategic partnerships. This collaboration is expected to improve production capabilities and product quality.
808 Renewable Energy Corporation (OTC Pink: RNWR) is launching a local advertising campaign for its electric reverse-trike model, the Orca Roadster. The company has successfully filed a Trademark Application for the "Orca" name and is currently in the Examination Process. Discussions are underway with Simon Properties Group for vehicle displays at various premium outlets in Florida, enhancing market exposure. Additionally, the company is rolling out new electric scooter and low-speed EV models, benefiting from available Federal Tax Credits for certain electric vehicles.
808 Renewable Energy Corporation (OTC Pink: RNWR) has received its NHTSA Manufacturer Identification number, enabling the issuance of VINs for its electric reverse-trike products. The Company is finalizing powertrain testing for two new models, with specifications including a peak output of 45 KW (60 HP) and a range of 150 miles per charge. The CFO expresses optimism about growth in their electric vehicle division, while the VP mentions efforts to reduce production costs through new thermoforming body panels, aimed at making the retail prices more affordable.
808 Renewable Energy Corporation (OTC Pink: RNWR) announced receiving its World Manufacturer Identification (WMI) number "4S9" for SilverLight Electric Vehicle Inc., allowing the issuance of VINs for their electric reverse-trike products.
Additionally, the first container of composite molds and demo vehicles has arrived at their new assembly plant in Lakewood Ranch, Florida. The company expects approval for its Motor Vehicle Manufacturer Application from the Florida State Motor Vehicle Department next month, which could facilitate growth in the EV sector.