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Ewing, NJ, February 1, 2018 -- TGI SOLAR POWER GROUP INC. (OTC Markets: TSPG)
(“TGI”), a diversified technology company, today announced that it has signed a Memorandum
of Understanding (“MOU”) with ev Transportation Services, Inc. (“evTS”), exclusive worldwide
distributor of FireFly ESV ® Essential Service Vehicles, to establish a Joint Venture to
manufacture and market all-electric vehicles in Eastern Europe. Both parties will work diligently
to establish their presence in Europe, utilizing already established relationships and
arrangements made by TGI management. The Parties further agreed that evTS will be
responsible for engineering and new European vehicle designs, while TGI will be responsible for
business development, sales, marketing, financing and dealing with the local manufacturing
requirements and workforce. The initial hub for the Joint Venture operation in Europe will be
established in Kiev.
About ev Transportation Services, Inc, (http://evtaas.com). evTS’ mission is to become the
premier company in the fleet management solutions business through the design and
development of energy efficient all-electric utility vehicles for the “Essential Services”
transportation market, providing tightly integrated vehicle connectivity.
For more information please see www.otcMarkets.com under ticker symbol "TSPG", and visit
our Facebook page https://www.facebook.com/TGISolarPower/
About TGI Solar: TGI SOLAR POWER GROUP INC. is a diversified holding company. TGI's
strategy is to acquire innovative and patented technologies, components, processes, designs
and methods with commercial value that will give competitive market advantage and generate
shareholder value.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those
statements contained herein which are not historical are forward-looking statements, and as
such, are subject to risks and uncertainties that could cause actual operating results to
materially differ from those contained in the forward-looking statements. Such statements
include, but are not limited to, certain delays that are beyond the company's control, with
respect to market acceptance of new technologies, or product delays in the testing and
evaluation of products, and other risks, as detailed in the company's periodic filings with the
Securities and Exchange Commission
* FireFly ESV ® is a licensed registered trademark of ev Transportation Services, Inc.
For further info:
HenryV@TGIPOWER.COM
609-201-2099