Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain updates regarding Zero Nox, Inc. (“Zero Nox”), our affiliated (approximately 10%) ownership portfolio company. Zero Nox is headquartered in the San Joaquin Valley, California and specializes in the development, manufacture and sale of battery technology and its integration into electric vehicles. Zero Nox has received orders (approximately $5,000,000) for its line of utility vehicles, which include the Tuatara expedition vehicle (Tuatara) and the EC4 (EC4) electric utility vehicle.
The Tuatara expedition vehicle has been featured (see link below pictured left) by the San Joaquin Valley Air Pollution Control District (https://valleyair.org/grants/utv.htm) as a vehicle that qualifies for “The Zero-Emission Agricultural Utility Terrain Vehicle (UTV) Voucher Program”. The Zero-Emission Agricultural Utility Terrain Vehicle (UTV) Voucher Program provides monetary incentives for the replacement of existing diesel or gasoline-powered UTVs and tractors with less than 25 horsepower with new, zero-emission UTVs to qualified individuals, businesses, educational institutions, and non-profit organizations involved in California agricultural operation as defined by The California Air Resources Board. Funds are provided on a first come, first serve basis and applicants must obtain a signed voucher from the SJVAPCD prior to the purchase of new equipment.
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