Li-ion Motors Corp. (OTCBB:LMCO.OB)
Li-ion Motors has passed the extremely detailed mechanical, electrical, safety and vehicle design inspections covering hundreds of points, and is advancing to the driving stages of the shakedown event of the Progressive Automobile X-Prize. Their electric car passed tests including 0-60 mph with a minimum time reached, 0-60 mph back to 0 mph to test acceleration and braking, and emergency lane changing maneuvers without the use of brakes.
American Defense Systems, Inc. (ADSI) (NYSE Amex: EAG), a provider of advanced transparent and opaque armor, announced that its senior vice president of research and development, Victor LaSala, has been invited to speak at the 5th Annual IDGA Military Armor Protection Summit being held May 24-26, 2010 in McLean, Virginia.
LaSala will be the focus speaker on Vehicle Protection Focus Day, presenting at 8:30 a.m. Eastern time on May 24, under the session topic: "Gain Insight Into The Next Generation Of Armor: Advanced Armor Technologies."
Harley-Davidson, Inc. (NYSE: HOG) recently held its annual shareholders meeting at the Harley-Davidson Museum.
Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc., and John Olin, Senior Vice President and Chief Financial Officer, provided an update on business progress to some 500 shareholders in attendance.
"Throughout the past 16 months we have taken a number of actions to address the immediate challenges and establish a bold, clear direction that will maximize our opportunities going forward," said Wandell. "We have come a long way in a short amount of time, and I could not feel better about the progress we have made and where we are headed."
ZAP (OTCBB:ZAAP)
Marine Products Corporation (NYSE: MPX) recently announced its unaudited results for the quarter ended March 31, 2010. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, SSi Wide Techs, SSX Bowriders, Sunesta Wide Techs and Xtremes, Signature Cruisers, and outboard sport fishing boats by Robalo.
For the quarter ended March 31, 2010, Marine Products generated net sales of $24,493,000, an 84.9 percent increase compared to $13,250,000 last year. The increase in net sales was due primarily to a 73.9 percent increase in the number of boats sold partially offset by a 2.9 percent decrease in the average selling price per boat. The Company's net sales also increased compared to the prior year due to lower retail incentives recognized in 2010 compared to 2009. The decrease in average selling price per boat was due to the sale of a higher percentage of smaller boats in our Sunesta and Signature Cruiser lines, in response to dealer demand for these products, as compared to the prior year.
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