Zero Nox, Inc. (“Zero Nox”) an affiliated (approximately 8%) ownership portfolio company of Armada Mercantile Ltd., (“Armada” CSE: ARM) has completed a third round of funding in the amount of US$3,000,000 through a Reg. D 506 offering. The Offering was completed at a valuation of approximately $56,000,000.

Zero Nox is headquartered in Porterville, California. They design, engineer, develop, sell and provide after-market support for Off-Highway Electric Vehicle (“OHEV”) Powertrain Systems and Microgrids. The Technology is currently being used in forklifts, hospitality carts, utility vehicles, and battery systems. ZeroNox plans to be a leader in OHEV Powertrains and Microgrids, due to its proprietary electric Powertrain Systems, which include ZeroNox lithium batteries, battery management systems, electric Genmotors, Thermal Energy Conversion Systems, and in-house telematics. The Zero Nox line product lines offers Battery Upgrades, EV Conversions, EV Powered by Zero Nox, Evault Microgrids, Port Initiatives and School Initiatives.

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