- The company joins BACD.IO for the Sustainable Transportation Utility Token
- Announcing the Dubai-based online promotional event on December 20th
VANCOUVER, British Columbia and LISBON, Portugal, Dec. 20, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations” or the “Company”) , a developer of solutions for urban mobility challenges with TWENTYa new type of electric vehicle (“EV”), is pleased to announce that it has entered into an agreement with NFT specialists BACD.IO and eTUGA.io for the purpose of minting and marketing an eTUGA Utility Token.
The team at BACD.IO ( and eTUGA.IO (www.etuga.io) have developed an integrated service to market the introduction of the proposed eTUGA Utility Token with the simultaneous launch of a TUGA Augmented Reality (AR) application that allows users to experience a augmented reality visualization and interaction with any TUGA vehicle in a user-specified environment.
Information about online events
To find out more, there will be an online event live from Dubai, UAE on Tuesday 20 December at 0900 Eastern. Interested members of the public can join via Zoom on a first-come, first-served basis as access is limited.
Meeting ID: 862 0562 6329
Passport code: 773502
For further information, please visit our website (www.tugainnovations.com) and download our app which is also available on Google Play Store or Apple App Store.
The introduction of the eTUGA Utility Token will provide participation in the TUGA program by offering access to a range of services under specialized conditions and environments. Find out more on the eTUGA website (
The TUGA program has seen advances in the design and development of the engineering, electronics, software and styling of the innovative TUGA three-wheeled, all-electric fore-and-aft 2-seater vehicle. Literally no wider than a motorcycle, the TUGA delivers agility, and a patent-pending expanding rear axle provides high-speed stability. In addition, an expandable chassis provides unprecedented access for passengers and cargo. The vehicle is designed to offer advanced connectivity technology with an estimated 160 km range at up to 140 km/h, with more protection than a motorcycle in an interchangeable multi-body, multi-function platform.
John Hagie, CEO of TUGA Innovations states: “We have brought together some great partners at eTUGA.IO and BACD.IO as an innovative means of marketing our project. This concept positions us to improve our market reach using blockchain technology and provide new ways for the public to participate in our journey.”
On behalf of the board,
Sincerely,
~John Hagie~
John Hagie
Managing Director and Director
TUGA Innovations, Inc.
As part of the company’s disclosure obligation as a public issuer, ongoing financial and material filings can be found under the company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. We invite the public to visit our website at www.tugainnovations.com and sign up for our “News Alerts” to be informed of future news and events. Watch our video which is now available on the website, and follow us on Instagram, Twitter and LinkedIn.
About TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF)
TUGA Innovations is a development-stage electric vehicle company that undertakes the engineering, design and production of specialized electric vehicles to enhance the experience of urban mobility. The company wants to reduce urban mobility difficulties by developing a family of three-wheeled, all-electric two-seater fore-and-aft vehicles. The vehicle is no wider than a motorcycle for agility and offers a patent-pending expanding rear axle for high-speed stability along with a patent-pending expandable chassis designed for passenger comfort. The vehicle will offer advanced connectivity technology to maximize safety, performance, environmental impact, comfort, maintenance and navigation. The TUGA vehicle is designed to deliver an estimated 160 km of range, have an estimated top speed of 140 km/h with the comfort of a car, and with more protection than a motorcycle in an interchangeable multi-body, multi-function platform. Find out more at: https://tugainnovations.com/watch our video and follow us on Instagram, Twitter and LinkedIn.
For further information, please contact:
TUGA Investor Relations
Phone: +1 415.799.7911
Email: [email protected]
Forward-looking statement
This press release contains statements and information that, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other forecasts, as well as statements about future plans, goals or financial performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “goal”, “aim for”, “may”, “would”, “could”, “will”, “will be”, “likely”, “expected”, “expected”, “proposed”, “believe”, “intend”, “intention”, “look forward”, “plan”, “forecast”, “project”, “estimate”, “outlook”, “hope” , “the potential of” or the negative thereof or other similar expressions regarding matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company that address challenges faced when driving in, between and around city centers and metropolitan areas; the introduction and creation of the eTUGA Utility Token and expected benefits, the eTUGA Utility Token provides participation in the TUGA program; the launch of the TUGA Metaverse application and associated features including virtual test driving; ; the company’s commercialization of its car concepts including the creation of a brand family of the car island; the design of the vehicle, including the three wheels, the number of seats, an optional suite of advanced digital communication and navigation aids, the width of the vehicle, the extended rear axle of the vehicle and its expected passenger comfort and cargo handling capabilities, the advanced connectivity features of the vehicle and expected benefits, km range and top speed of the vehicle, and the safety, performance and comfort offered by the vehicle.
Forward-looking information is based on assumptions, estimates, analyzes and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes are relevant and reasonable in the circumstances on the date of such statements, but which may turn out to be wrong. The significant factors and assumptions used in developing the forward-looking information in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the company’s ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the company operates; and laws and any changes to these that apply to the company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause the company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks related to the company’s future business plans; risks that the company will not be able to retain key personnel; risks that the company will not be able to secure financing on reasonable terms or at all, as well as all the other risks described in the company’s final prospectus dated November 30, 2021 under the heading “Risk Factors.” Accordingly, readers should not rely on any such forward-looking information. Furthermore, all forward-looking information only speaks from the date when such a statement is made. New factors appear from time to time, and it is not possible for the company’s management to predict all such factors and assess in advance the impact of each such factor on the company’s operations or to what extent any factor, or combination of factors, may lead to actual results differ materially from those contained in any forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date it was made or to reflect the occurrence of unforeseeable events, except as required by law, including securities laws.
CSE assumes no responsibility for the adequacy or accuracy of this publication.
