– The company is partnering with BACD.IO for the Sustainable Transportation Utility Token
– Announcing online promotional event to be held in Dubai on 20th December
VANCOUVER, BC and LISBON, PORTUGAL – December 20, 2022 – TUGA Innovations, Inc. that TWENTYa new type of electric vehicle (“EV”) that develops solutions to urban mobility challenges is pleased to announce that the company has entered into an agreement with NFT specialists BACD.IO and eTUGA.io to create and commercialize an eTUGA Utility Token has completed.
BACD.IO (https://www.bacd.io/) and eTUGA.IO (www.etuga.io) has developed an integrated service to market the launch of the planned eTUGA Utility Token simultaneously with a newly launched TUGA Augmented Reality (AR) app that will allow users to experience any TUGA vehicle in a customized augmented reality environment.
Information about the online event
An online event will be held live from Dubai, United Arab Emirates on Tuesday, December 20 at 09:00 ET to provide more information. Those interested can participate via Zoom. Please note, however, that the number of participants is limited.
Event ID: 862 0562 6329
For more information, visit our website (www.tugainnovations.com). Also download our app which is also available in Google play store or i Apple App Store is available.
The launch of the eTUGA Utility Token will enable participation in the TUGA program by providing access to a range of services under special conditions and environments. For more information, visit the eTUGA website (https://www.etuga.io/).
As part of the TUGA program, progress has been made in the design and development of the engineering, electronics, software and design of the innovative three-wheeled, all-electric, two-seater vehicle TUGA. Literally no wider than a motorcycle, the TUGA is highly manoeuvrable; a patent-pending, extendable rear axle provides stability at high speeds. In addition, an expandable chassis provides excellent access for passengers and cargo. The concept behind the vehicle is to deliver advanced connectivity technology with an estimated range of 160 km at a speed of up to 140 km/h and more protection than a motorcycle on a platform that allows interchangeable bodies and features.
John Hagie, CEO of TUGA Innovations, explains: “We have gathered great partners with eTUGA.IO and BACD.IO to bring our project to market in an innovative way. With this concept, we are positioned to increase market reach using blockchain -technology and offer new opportunities for the public to participate in our development.”
For the board,
managing director and director
TUGA Innovations, Inc.
As part of the Company’s disclosure requirements as a public issuer, current financial and key reports can be found under the Company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com be seen. We invite the public to our website www.tugainnovations.com to visit and sign up for our “News Alerts” to be informed of future news and events. Please see our Video which is now available on the website and follow us Instagram, Twitter and LinkedIn.
About TUGA Innovations, Inc. (CSE: TUGA) (FSE: DQ5) (OTC: TUGAF)
TUGA Innovations is an electric car company in the development phase that focuses on the conception, design and production of special electric vehicles to improve mobility in cities. The company wants to solve the problems of urban mobility by developing a Row with 3-wheeled, fully electric vehicles with 2 seats. The vehicle is no wider than a motorcycle for agility and features a patent-pending extendable rear axle for high-speed stability and patent-pending retractable landing gear for passenger comfort. The vehicle will have advanced connectivity technology to provide optimal safety, performance, environmental impact, comfort, maintenance and navigation. Designed for an estimated range of 160 km and an estimated top speed of 140 km/h, the TUGA vehicle offers the comfort of a car and more protection than a motorcycle. It is based on an interchangeable, multi-functional platform with different bodies. You can find out more at: https://tugainnovations.com/see our Video and follow us Instagram, Twitter and LinkedIn.
Further information is available from:
TUGA Investor Relations
Phone: +1 415.799.7911
This press release contains statements and information that, if not historical facts, may constitute “forward-looking information” under applicable securities laws. Forward-looking information may include financial and other projections and statements about future plans, goals or financial results or the assumptions underlying them. In some cases, forward-looking statements are qualified by words such as “goal”, “goal”, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “propose”, “believe “. ‘, ‘intend’, ‘intend’, ‘forecast’, ‘project’, ‘estimate’, ‘outlook’ ‘hope’, ‘has potential’ or the negative thereof or other similar terms re facts which are not historical facts. Examples of such statements include, but are not limited to, statements about addressing the challenges of driving in, between and around city centers and metropolitan areas, the launch and creation of the eTUGA Utility Token and the expected benefits thereof; provision of participation in the TUGA Program through the eTUGA Utility Token; the launch of the TUGA Metaversum app and associated functionality, including a virtual test drive; the commercialization of the company’s vehicle concepts, including the development of a range of vehicles, the vehicle’s design, including three-wheel drive, the number of seats, an optional set of advanced digital communication and navigation features, the vehicle’s width, the vehicle’s extended rear axle, as well as expected passenger comfort and cargo capacity, the vehicle’s advanced connectivity features and expected benefits, vehicle range and top speed, and vehicle safety, performance and comfort.
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