Leo Motors, Inc. Appoints Young-ill Kim Vice Chairman and Member of Board
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Auto Industry Veteran and Former Hyundai Motor Group Executive Brings Over
Twenty Years of Experience
NEW YORK--(Business Wire)--
Leo Motors, Inc. (OTC: LEOM), an innovative automotive company engaged in the
development, manufacture, and marketing of Electric Vehicles ("EVs") and EV
components, has appointed Young-ill Kim Vice Chairman and a member of the
company`s board of directors.
Dr. Kim began his career in the auto industry in 1988, at Panther Sports Car as
Senior Designer and Manager. He later served as Chief Designer of commercial
vehicles and concept vehicles at SSang-Yong Motor Company before joining the
Hyundai Motor Group in 1995. From 1995 through 2007, Dr. Kim held various
positions of increasing responsibility under the Hyundai Motor Group umbrella,
including Chief Designer at Hyundai Precision, Chief Designer & Senior Vice
President at Hyundai & Kia Design Center, and Executive Vice President in
Marketing for Brand & Design Differentiation between Hyundai and Kia Motors.
From 2007 through March 2009, Dr. Kim was CEO and President of Innocean Corp., a
Marketing Communication Company of the Hyundai Kia Group.
Dr. Kim, who holds an Industrial Designer of Product Design degree from
Wuppertal University, Germany, and a PhD in Design from Kook-Min University,
Seoul, Korea, has enjoyed a distinguished academic career as well, having
lectured at various colleges and universities on the subjects of design and
marketing since 2000. Dr. Kim was a visiting professor at Gothenburg University,
Sweden during the 2004/05 academic year, and is currently serving as a visiting
professor at Kyung-hee University.
"We are delighted to welcome Young-ill as Vice Chairman and believe he will be a
tremendous addition to our board of directors," said Robert Kang, Chairman and
CEO of Leo Motors. "While Young-ill first joined Leo in March 2009 to work on
larger-sized EVs, including buses and trucks, we have now expanded his role to
cover manufacturing for all our products. Given his wealth of knowledge and
expertise, we truly look forward to his contributions in these new roles."
"Having spent my entire professional career in the automotive industry, I fully
appreciate the kind of revolutionary advances Leo Motors` electric vehicle
innovations represent," said Dr. Kim. "Leo Motors has developed a series of
technology solutions that address the problems that have long-stalled wide scale
acceptance of EVs, namely, high cost and performance barriers such as
inefficient RPM and torque control, high voltage control, charging time, and
limited speed and range. I believe the company has demonstrated the potential to
deliver on its robust product pipeline and look forward to lending my experience
to help Leo move toward achieving its objectives."
About Leo Motors, Inc.
Leo Motors has several proprietary designs for new electric vehicles for various
uses including taxis; fleet operations such as police, mail delivery, and
resorts; as well as a unique electric motor cycle. Leo Motors is also developing
a revolutionary multi-motor system as well as a new type of refuelable zinc air
fuel cell.
For more news and information on Leo Motors, Inc. please visit
www.IRGnews.com/coi/LEOM where you can find the CEO`s video, a fact sheet on the
company, investor presentations, and more. The company`s website is
www.leomotors.com.
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In addition to statements which
explicitly describe such risks and uncertainties, readers are urged to consider
statements labeled with the terms "believes," "belief," "expects," "intends,"
"anticipates," "will," or "plans" to be uncertain and forward looking. The
forward-looking statements contained herein are also subject generally to other
risks and uncertainties that are described from time to time in the company`s
reports and registration statements filed with the Securities and Exchange
Commission.
The Investor Relations Group
Erika Moran/Tom Caden, 212-825-3210
or
Public Relations
Laura Colontrelle, 212-825-3210
Copyright Business Wire 2009
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