About Armor Electric

Armor Electric, Inc., a development stage company, through its subsidiary Nova Electric Systems, Inc., engages in the development and marketing of electronic propulsion and battery power systems for electric powered vehicles. Nova Electric Systems, through an agreement with Nu Age Electric, Inc. (Nu Age), has rights relating to the manufacture and sale of electrically powered vehicles pursuant to agreements between Nu Age and Hero/Majestic Auto Limited (Hero). Nova, through agreement with NuAge, holds the rights for the use of certain proprietary technology to install electric propulsion systems on various electric powered vehicles to include mountain bikes, regular cycles, children's cycle toys and riding vehicles, recreation ATV units, scooters, motorcycles, go-karts, NEV (Neighborhood Electric Vehicle) cars, race cars, regular passenger cars, buses and all other types of two and three wheeled vehicles, water craft and in addition various other vehicles and products Nova has also acquired the rights from NuAge, to certain agreements between NuAge and the bicycle manufacturer Hero Cycles in India, for the joint venture to manufacture and distribute various electric powered two and three wheel vehicles in India and for distribution from the Hero manufacturing facilities worldwide. In January, 2006, the company entered into a Joint Venture Agreement with Nu Pow'r, LLC to make and distribute electric propulsion systems. Target Markets The company intends to focus on four specific market segments: Transportation; Recreation, Leisure and Riding Toys; Defense; and Industrial/Utility. Transportation Segment: The company primarily focuses on this market. It intends to enter this market from two directions: through joint ventures with manufacturers of two and three wheeled vehicles such as electric scooters and cycles; and through the parts market, by developing electrical components and battery systems. Recreation, Leisure and Riding Toys Segment: The company has entered into negotiations with representatives from major manufacturers of these products in Asia and Europe to develop products designed to fill the market for riding toys in the 7-14 year age bracket. They include a series of small electric powered motorcycles with full suspension, cushioned seats, and pneumatic tires. Defense Segment: The defense industry offers opportunities in various areas, including funding for research and development. The defense industry is actively seeking the type of technology that Nova has developed. Industrial/Utility Segment: The company intends to introduce various product lines of Hybrid Utility Vehicles. These vehicles would include small ATV Quad type units, industrial lift platforms, and small two passenger light cargo trucks. History Armor Electric, Inc. was founded in 2003.