Loremo insight: New Partnerships and a Reinforced Staff.

Marl / Munich. As a tribute to increasing inner-city traffic density, Loremo will give priority to the launch of the E-Loremo. Considering time-to-market demands, the focus will be on reinforced implementation of production, new partnerships rather than prolonged internal developments, marketability of the Loremo E-Motion, as well as a thoroughly revised vehicle design. To match the strategy, Loremo staff is now backed up by skilled-in-the-trade experts to enhance performance in the fields of financing, marketing and series production. Gerd Otto joins the team to extend strategic alliances. As a long-standing manager in automotive business, he's a specialist in setting up structures of processes and controlling. - To improve outside communication and to sharpen the company's marketing efforts, Peter Grett is new to the crew. He brings in some skills in creating distriubution channels for car makers. - Completing the competence reinforcement, Willi Wurl has hired on to tighten integration of construction partners and outside suppliers for a decisive move towards serial manufacture. He has gained his experience by developing car production at Mercedes Benz. On the other hand, former CEO Gerhard Heilmaier has left the board but will, however, remain closely associated with the Loremo project. He now joins the management of Switzerland's ASTREMO Powertrain AG, where highly efficient propulsion systems are developed that will likely also serve the Loremo. 'As a co-founder and shareholder of Loremo, I am unalterably interested in the company's success,' Heilmaier explains his move. 'More than ever, the concept of the Loremo is the right approach to future mobility.'