Company Performance Metrics
Russ Knudsen: President of Operations
There are 11.7 million 18 Wheel Trucks working in the world today that get an average 5.5 Miles Per Gallon. eTruck produces the world's first electric/hybrid deisel engine for these trucks and our system gets 14 MPG. This is a game changer in the Trucking Industry. Our chief engineer is one of the top electrical engineers in the world
and has worked for many clients including Segway, Audi, Freitliner, and many Federal Govt Agencies.
The margin for each sale is $25,000 and we currently have 2,000 orders with Memorandum's for Understanding for an additional 30,000 orders.
The system is patent pending. We also have a great deal of international interest in licensing the technology.
The best part is that the system is completely adaptable to whatever fuel source is available. Right now we have the infrastructure for Deisel, so that's what we're doing. But later when the infrastructure is there, we can adapt to CNG, propane, hydrogen, etc
Initially we thought that we would need to raise a great deal of money to jump start production, but we have found that our OEM's (John Deer, Marathon, etc..) have offered us excellent terms for inventory financing and our clients are willing to pay 50% of the cost up front. Currently we are looking to raise $500,000 for operation costs to include a lease on a production facility, production employees, and legal costs for US and international patents.
