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News: UTR Ultracharge Updates On Supply And Purchase Agreement With Blitz Electric Motors

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    27/08/19
    10:05
    Post #: 40167277

    Aug 27 (Reuters) - Ultracharge Ltd (UTR) :

    • UPDATES ON SUPPLY AND PURCHASE AGREEMENT WITH BLITZ ELECTRIC MOTORS TO SUPPLY LITHIUM-ION BATTERIES FOR BLITZ TWO-WHEEL ELECTRIC SCOOTERS
    • CEASED ALL TESTING OF COMPANY BATTERIES DUE TO TECHNICAL ISSUES WITH BATTERIES EXPERIENCED BY BLITZ DURING TESTING PHASE
    • DUE TO TECHNICAL ISSUES, NO SALES OF BATTERIES TO BLITZ UNDER AGREEMENT NOW EXPECTED TO OCCUR
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