VRX Vectrix S

 

TIDMVRX 
 
RNS Number : 0326R 
Vectrix Corporation 
23 April 2009 
 

Date: 23 April 2009 
On behalf of: Vectrix Corporation ("Vectrix" or "the Company") 
 
 
 
 
Vectrix Announces Filing of Restructuring Plan for Polish Subsidiary 
 
 
 
 
Middletown, R.I.- April 23 - Vectrix Corporation (AIM: VRX) (www.vectrix.com), 
maker of the world's first high performance, two-wheel zero emission vehicle 
(ZEV), announces that while efforts continue to secure new equity and government 
based financing as well as strategic initiatives, the Company is continuing to 
implement cost savings measures. The Company has initiated restructuring 
proceedings under Polish law for its Polish manufacturing subsidiary, which will 
allow the subsidiary to continue operations in the ordinary course while seeking 
an arrangement with creditors. 
 
Trading in the common stock of the Company remains suspended until further 
notice. 
 
 
- Ends - 
 
 
Enquiries to: 
 
 
VECTRIX Corporation  www.vectrix.com 
Michael J. Boyle, President and CEO(401) 848-9993 
 
 
HSBC 
Nick Donald / Nic Hellyer +44 (0)20 7991 8888 
 
 
Notes to Editors 
 
 
About Vectrix 
 
 
Vectrix listed on AIM in May 2007 and is the developer of the world's first high 
performance, zero emission, electric motorcycle which is at least 10 times more 
powerful than existing electric power two wheel vehicles. 
 
 
Vectrix is dedicated to developing and commercializing zero emission vehicle 
platform technologies focused on two-wheel applications. Longer term, Vectrix 
plans to develop environmentally sensitive technologies for other segments 
within the transportation industry. 
 
 
Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern vehicle 
assembly facility in Wroclaw, Poland and an R&D center in New Bedford, 
Massachusetts. 
 
 
Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation 
and Leadership in Alternative Vehicle Technologies. 
 
 
Transportation is the largest single source of air pollution in the world. A 
typical motorcycle/scooter produces significantly more CO2 and pollutants than a 
large diesel truck, and far more than a modern low emission automobile. The 
Vectrix bike utilizes innovative zero-emission technology, offering customers a 
clean, affordable, and much needed alternative. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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