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COPYRIGHT 2006 Ingram Investment Ltd.
M2 PRESSWIRE-31 January 2006-Emerging Stock Report: Energizing The Taxi Industry(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31012006
World sales of electric vehicles will reach 2.5 million units with a projected market value of US$45 billion by 2009. The reasons for growth in this market are environmental concerns, production mandates and high petroleum prices. Combustion/electric hybrids and fuel cell vehicles will be the dominant types of course, but there is a significant niche market with limited-range battery-powered vehicles.
Electric vehicles have been used in several fleet applications including airline ground service and baggage handling, internal transit for national parks, and university and business campus security.
The Emerging Stock Report is initiating coverage on Armor Electric Inc. (OTC Bulletin Board: ARME) up 15% today. Armor Electric, Inc. is a leader in the design, manufacture, and distribution...
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