- Company joins with BACD.IO for Sustainable Transportation Utility Token
- Announces Dubai-Based Online Promotional Event December 20th
VANCOUVER, British Columbia and LISBON, Portugal, Dec. 20, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations,” or the “Company”), a developer of solutions for urban mobility challenges with the TUGA, a new type of electric vehicle (“EV”), is pleased to announce it has entered into an agreement with NFT specialists BACD.IO and eTUGA.io for the purpose of minting and marketing an eTUGA Utility Token.
The team at BACD.IO (https://www.bacd.io/) and eTUGA.IO (www.etuga.io) have developed an integrated service to market the introduction of the proposed eTUGA Utility Token with the simultaneous launch of a TUGA Augmented Reality (AR) application which allows users to experience an augmented reality visualization and interaction with any TUGA vehicle in a user-specified environment.
Online Event Information
To find out more, there will be an online event live from Dubai, UAE on Tuesday December 20th at 0900 Eastern. Interested members of the public may join via Zoom on a first come, first-serve basis as admission is limited.
https://us02web.zoom.us/j/86205626329?pwd=RnNxa0tSeVhURVVOaFBmNFNuMk5vQT09
Meeting ID: 862 0562 6329
Passcode: 773502
For additional information, please visit our site (www.tugainnovations.com) and download our app which is also available on the Google Play Store or the Apple App Store.
The introduction of the eTUGA Utility Token will provide participation in the TUGA program by offering access to a variety of services under specialised conditions and environments. Find out more at the eTUGA website (https://www.etuga.io/).
The TUGA program has seen progress in the design and development of engineering, electronics, software, and styling of the innovative TUGA three-wheeled, fully electric fore-and-aft 2-seat vehicle. Literally no wider than a motorcycle, the TUGA delivers agility, and a patent-pending expanding rear axle provides high-speed stability. Additionally, an expandable chassis provides outstanding passenger and cargo access. The vehicle is being designed to offer advanced connectivity technology with an estimated 160 km range at up to 140km/hour, with more protection than a motorcycle in an interchangeable multi-body, multi-function platform.
John Hagie, CEO of TUGA Innovations states, “We have united some great partners at eTUGA.IO and BACD.IO as an innovative means of marketing our project. This concept positions us to improve market reach using blockchain technology and provide new ways for the public to participate in our journey.”
On behalf of the Board of Directors,
Sincerely,
~John Hagie~
John Hagie
Chief Executive Officer & Director
TUGA Innovations, Inc.
As part of the Company’s disclosure obligations as a public issuer, ongoing financial and material filings can be found under the Company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. We invite the public to visit our website at www.tugainnovations.com and to sign up to our “news alerts” to be advised of future news and events. Please watch our video which is now available on the website, and follow us on Instagram, Twitter, and LinkedIn.
About TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF)
TUGA Innovations is a development-stage electric vehicle company undertaking the conception, design, and production of specialized EVs to improve the urban mobility experience. The Company is looking to reduce urban mobility difficulties by developing a family of three-wheeled, fully electric fore-and-aft 2-seat vehicles. The vehicle is no wider than a motorcycle for agility and offers a patent pending expanding rear axle for high-speed stability along with a patent pending expandable chassis designed for passenger comfort. The vehicle will offer advanced connectivity technology to maximize safety, performance, environmental impact, comfort, maintenance, and navigation. The TUGA vehicle is being designed to deliver an estimated 160 km range, have an estimated top speed of 140km/hour with the comforts of a car, and with more protection than a motorcycle in an interchangeable multi-body, multi-function platform. Find out more at: https://tugainnovations.com/, watch our video, and follow us on Instagram, Twitter, and LinkedIn.
For further information, please contact:
TUGA Investor Relations
Tel: +1 415.799.7911
Email: info@tugainnovations.com
Source: TUGA Innovations, Inc.