- TUGA Innovations (TUGA) has signed a non-binding letter of intent with air purification specialist Rensair
- This involves a potential commercial relationship to integrate air quality technology into the TUGA product line
- If the two companies consummate the collaboration, TUGA anticipates this will include Rensair developing a specific environmental control unit for the TUGA vehicle to purify, clean and monitor air quality inside the vehicle
- TUGA Innovations Inc. is a development-stage electric vehicle company
- Tuga Innovations Inc. opened trading at $0.215 per share
TUGA Innovations (TUGA) has signed a non-binding letter of intent with air purification specialist Rensair.
This involves a potential commercial relationship to integrate air quality technology into the TUGA product line.
Rensair LLC’s unique combination of high-efficiency particulate air (HEPA) and ultraviolet C (UVC) technology was originally proven in the Scandinavian healthcare sector and refined over two decades.
Applications extend across numerous industries, from hospitals, care homes, dental practices, and offices, to gyms, entertainment venues, retail outlets, and now into the automotive sector.
If the two companies consummate the collaboration, TUGA anticipates this will include Rensair developing a specific environmental control unit for the TUGA vehicle to purify, clean and monitor air quality inside the vehicle.
This includes filtering and destroying pathogens and organic compounds such as COVID viruses.
The proposed introduction of the Rensair technology would see the provision of hospital-quality air for the TUGA driver and passenger, all while monitoring air quality inside and outside.
“Innovation, quality and collaboration are our key company values, and nothing reflects them better than the nature of the proposed relationship with Rensair,” noted John Hagie, TUGA Innovations CEO.
“Innovation is essential to our approach towards passenger quality of life, and we are scrupulous about keeping people in a TUGA safe, in all definitions of the term, and collaboration with Rensair could enhance our solution to urban mobility as an added value opportunity which is great for the public, our company, and shareholders alike,” he added.
TUGA Innovations, Inc. is a development-stage electric vehicle company undertaking the conception, design, and production of specialized EVs to improve the urban mobility experience.
TUGA Innovations Inc. opened trading at $0.215 per share.