American Electric Automobile Company, Inc. Pioneers Development of Electric Boats.Business Editors MARKHAM, Ontario--(AutomotiveWire)--March 2, 2001 American Electric Automobile electric automobile Battery-powered motor vehicle. Originating in the 1880s, electric cars were used for private passenger, truck, and bus transportation in cities, where their low speeds and limited battery range were not drawbacks, and the cars became popular for their Company, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AEAC AEAC Álcool Etílico Anidro Combustível (Anhydrous Ethyl Alcohol Fuel; Brazil) AEAC Adult Entertainment Association of Canada AEAC Albers Equal-Area Conic AEAC Asian Executive Advancement Center ) is proud to announce its intention to develop a prototype for the production of electric boats, a pioneering concept in watercraft. The Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , California Electric Automobile Company, Inc. (CEAC CEAC Chemical Engineering and Applied Chemistry CEAC Conférence Européenne de l'Aviation Civile (French: European Civil Aviation Conference) CEAC Compensatory Education Advisory Committee ) will take the lead in evolving and testing the model boat. "Everyone is concerned with environmental pollution caused by gasoline and diesel-powered boats. It may take time, but we believe electric boats offer a viable solution to this problem, and are the way of the future," said Pierre Quilliam, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CEAC. "The move is a natural extension of our core production of electric and hybrid automobiles, and we are very excited about the market potential of this course of action." About American Electric Automobile Co. ... The American Electric Automobile Company (A.E.A.C) incorporated in Delaware and operating in California has been successfully converting automobiles to electric power since 1996. The company also remanufactures conventional gas-powered cars into hybrid electric vehicles. Among the remanufactured products are popular vehicles converted to electric power including the Volkswagon Cabriolet, the Ford Escort, and the Ford Ranger pick-up truck. These are designed with a hybrid-electric option in the form of a small on-board, gasoline-powered generator that can recharge the batteries. A.E.A.C. uses DC technology standard components which helps bring vehicles to market at a lower price than much of its competition which uses AC technology. The company's mission is to provide environmentally sensitive, high quality, cost-effective auto transportation through domestic production and cooperative opportunities with global partners. |
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