jmhollen
22 years ago
Patriot Motorcycles Corporation Signs Letter of Intent to Acquire Torque Engineering Corporation
CORONA, Calif., Aug. 6 /PRNewswire-FirstCall/ -- Patriot Motorcycles Corporation (OTC Bulletin Board: PMCY), a designer, manufacturer and distributor of hybrid motorcycles and motorcycle accessories, announced today that it has signed a Letter of Intent to acquire Torque Engineering Corporation (OTC: TORQ) developer and manufacturer of the TORQUE V-12, light weight aluminum, high output, marine engines, located in Elkhart, Indiana.
"We are excited about the overwhelming potential this combination could bring to Patriot," said Michel Attias, CEO of Patriot. "Most of Torque's existence has been intensely involved in research and development as demonstrated by the design, development and the manufacturing processing of their very sophisticated V-12 engine. For us to have those capabilities teamed with our organization we believe we can not only develop unique products, but reach new levels in the economy of scale for manufacturing."
Product diversity, pooling of personnel resources and higher utilization of assets, all lead to economic efficiencies, which should make a more attractive package to the investing community," said Rick Wedel, CEO of Torque. "We have always prided ourselves on bringing to the marketplace the most powerful gasoline production engine known today. We would welcome the opportunity to bring our talents to Patriot for a common cause."
About Patriot Motorcycles Corporation
Patriot exclusively uses the Harley-Davidson(TM) twin-cam 95 cubic inch engine, Harley-Davidson transmissions and 'Screaming Eagle' pistons. Patriot designs all of its motorcycles based on performance, quality and price. Patriot, through their dealer organization, provides a four-year limited manufacturer's warranty that is transferable and can be extended for seven years. Currently Patriot features three rigid-frame models including the Fury, Fury SE (limited edition) and Chopper; four rubbermount-frame models, including the Menace RC, Phantom, Predator and Stalker; and six softail models including the Big Easy 1800, Big Easy 2500, Babylon 1800, Babylon 2500, Menace SC and the Raider SSE (limited edition). To learn more about Patriot Motorcycles, visit the company's web site at www.patriotmotorcycles.com .
About Torque Engineering Corporation
Torque Engineering is currently offering four models. All models are lightweight, aluminum, 14-liter (860 cubic inches) V-12 ENGINE for the marine pleasure boating industry. Three models are naturally aspirated and the newest is with twin centrifugal supercharges. All engines feature advanced electronic digital engine management systems, developing 900 to 1400+ horsepower. The Torque V-12s have been installed in premiere boats such as Cigarette, Jaguar, Nor-Tech, Skater and Hustler. To learn more about Torque Engineering, visit the company's web site at www.torqueV12.com .
For further information, please contact Michel Attias of Patriot Motorcycles Corporation, +1-909-735-2682.
SOURCE Patriot Motorcycles Corporation
CONTACT: Michel Attias of Patriot Motorcycles Corporation,
(909) 735-2682
Web site: http://www.torqueV12.com
Web site: http://www.patriotmotorcycles.com
jmhollen
22 years ago
Global Marine Sea Trials the New 'Huntress 444' Featuring Twin TORQUE V-12 Engines and Has Great Success
ELKHART, Ind., May 9, 2002 /PRNewswire-FirstCall via COMTEX/ -- Torque Engineering Corporation's (OTC Bulletin Board: TORQ) President Ray Wedel is pleased to announce that Global Marine along with their dealer Lake Cumberland Marine has delivered "Color Us Gone," the first Hustler Powerboat powered by Torque Engineering V-12 engines to the end client. "The Hustler 444 fills the gap between the infamous 388 Slingshot and the 50 Power yacht. The new Hustler 444 Huntress is designed and built as a luxurious pleasure boat. Dialing in at 113 mph from the factory makes it one of the top performing pleasure boats in the world."
The Hustler 444 was debuted at the Miami International Boat Show sporting a pair of twin Torque V-12s in the engine compartment. "With the ability to handle staggered motors or comfortably fit triple engine configurations, the larger TORQUE V-12 ENGINES slipped into this compartment with room to spare," says Chip Fendt, accomplished racer and VP at Global Marine. Wedel added "the boat's design and construction allowed for a very simple side by side plug in installation.
"The 444 Huntress is built with luxury and comfort in mind. Our clients desire a level of certainty when they buy a Hustler. That's why we included the Torque motors as our power plants." Fendt went on to say, "The Torque engine is the best motor I've had the opportunity to run. In our five days of set up, not once did the engines stall. Guiding and docking this craft was effortless. While this boat will cruise between 55-85 mph and take the most adventurous owner well over the century mark, longevity is our most important requirement. These V-12s put the pleasure back into performance boating."
The 444 is now in production. Hustler will be taking orders for production slots immediately. The new model will be produced along side Hustler's full product line in the new Grumman Aerospace Facility in Calverton, NY.
Torque Engineering currently offers three models of a lightweight, aluminum, 14-liter (860 cubic inches) V-12 ENGINE for the marine pleasure boating industry. All models are naturally aspirated with advanced electronic digital engine management systems, developing 900 to 1150 horsepower and 1050 to 1150 foot pounds of torque. The TORQUE V-12 engines produce the highest known power for a naturally aspirated production engine utilizing pump gasoline.
For further information contact: Torque Engineering Corporation, 2932 Thorne Dr., Elkhart, Indiana 46514. Phone (574) 264-2628, Fax (574) 264-3600 or visit our web site at WWW.TORQUEV12.COM
Or, Global Marine Power, Inc., 4062-74 Grumman Blvd., Calverton, New York 11933. Phone (631) 208-2933, Fax (631) 208-2942 or visit their web site at WWW.HUSTLERPOWERBOATS.COM
Or, Lake Cumberland Marine, 202 North Highway 27, Somerset, KY 42503. Phone (606) 677-0939, Fax (606) 677-1094 or visit their web site at WWW.LAKE-CUMBERLAND-MARINE.COM
SOURCE Torque Engineering Corporation
CONTACT: Torque Engineering Corporation, +1-574-264-2628, fax,
+1-574-264-3600; or Global Marine Power, Inc., +1-631-208-2933, fax,
+1-631-208-2942; or Lake Cumberland Marine, +1-606-677-0939, fax,
+1-606-677-1094
URL: http://www.lake-cumberland-marine.com
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