VMOTO Limited
(ASX:VMT) says it has signed a new international supply agreement with US company Saturna Green Systems.
Saturna develops wireless communication systems for electric two and three wheeled vehicles and has developed aPactn Electric Scooter Sharing Project with support from governments in a number of countries.
Following testing on 4 scooters that Vmoto has already provided Saturna intends over a five year period to purchase 32,000 scooters equipped with the Saturna platform and software.
The rollout will begin in Vancouver Canada by the end of 2017.
Vmoto reported a net profit of $1.01 million for the 2015 financial year.
