About IBITX Software

IBITX Software Inc., a development stage company, through its subsidiary, Alpha Lujo Electric Vehicle Pty. Ltd., engages in the development and manufacture of electric vehicles (EV) and EV components. The company is developing EV technology that utilizes existing car bodies from Chinese petrol-engine cars. It focuses on securing export marketing networks in Australia, China, Europe, and the United States. Acquisitions In July 2011, the company acquired 8.9% in Zentric, Inc., which is a development stage battery technology company.