Leo Motors Inc. (LEOM) has acquired by merger 100% of its affiliate company, Leo Greentier Marines (LGM) through a share exchange. LGM is the premier Korean E-outboard developer and manufacturer. They bring LEOM an effective fossil fuel alternative to conventional boats dramatically reducing CO2 and a variety of other water pollutants. Initially intended to support Korea's commercial fishing fleet, LGM developed a high quality performance electric power system for boats that will revolutionize the marine market sector. The motor is lower in noise, vibration, and fuel consumption. LGM's e-Power system also reduces maintenance costs. The new e-boat gives fishermen significant reduction in energy costs.
