User:Rosiemac1204/Veloteq Corporation

Veloteq Corporation

Specialties

Veloteq Corporation specializes in the design, manufacturing, and marketing of Light Electric Vehicles. These include scooter style electric bicycles, and traditional-style electric bicycles. All Veloteq products are designed to standards of safety and performance to meet the requirements of North American users in mind. They are CPSC and CMVSA safety compliant. All Veloteq two-wheeled vehicles, including electric scooters, are recognized as Low Speed Electric Bicycles under U.S. Federal law and do not require licensing, registration, or insurance in most states. In Canada they are recognized as power assisted bicycles subject to the same regulations as those of the United States. In the United States, power output is restricted to 750W. In Canada the maximum permitted output is 500W. In the U.S. the maximum allowable speed is <20 mph and in Canada, 32 km/h. The scooter style electric bicycles are powered by AGM VRSL lead acid batteries. Lithium-ion powered models are being introduced into the U.S. and Canadian markets in Spring of 2011 as well as Li-ion upgrades for existing models. The Velotreq Series of traditionally styled electric bicycles are powered by 250 to 350W hub motors and Lithium Phosphate batteries from 24 to 36V. Frames are constructed of TIG welded aluminum alloy. Gearing systems are all Shimano outer or Nexus internal gears using front or rear wheel motor configurations. They are all 3-way hybrids and can be operated manually, manually with power assistance, or by the use of a throttle alone. All are equipped with on board computers that permit the operator to select the mode of operation.

History Established in 2002 The company was founded in Houston, TX in 2002 as a partnership and incorporated in 2003 as Scooterteq Motor Corporation by the principals, James K. Wood of Houston and Jeffrey Hu of Beijing, China. Mr. Wood is the President and CEO, in overall charge of operations and marketing. Mr. Hu is Vice President in charge of all China operations. Manufacturing contracts were negotiated with leading manufacturers of electric bicycles and scooters in Shanghai and Tianjin and Scooterteq began design projects to transform vehicles designed for the domestic market in China into products suited to North American users and the varied terrain. In the ensuing years, distribution was established in the United States and Canada using channel marketing via a nationwide distributor and dealer network. Although Scooterteq had dealt in gas powered vehicles at the outset, these were all dropped in favor of electric powered vehicles only and the company name was changed to Veloteq Corporation to better describe the nature of the products, electric bicycles. All design and marketing of fossil fuel products was ceased in 2005. Veloteq has earned a reputation for supply quality and innovative vehicles for in-city and leisure commuting. Veloteq Corporation was engaged with PowerGenix Corporation of San Diego, CA for several years in the development of nickel zinc power supplies to replace the SLA systems then in use. The NiZn alternative was of particular interest because of the inherent safety and avoidance of thermal runaway hazards. The NiZn alternative did not produce the desired results in terms of space and cost reduction and was placed on hold pending further development. During this time a safer Li-ion alternative, Lithium Phosphate, LiFePO4, made its appearance at costs below the earlier forms of Li-ion batteries. The hazard of thermal runaway was nearly eliminated by the use of the LiFePO4 product.

Principals:

James K. Wood Graduated from the Institute of Far Eastern Languages at Yale in 1962. After serving in Air Force intelligence in Asia he began a lifelong career in sales and marketing during which his knowledge of Asia and Asian languages proved to be of high value. He rose to vice president of a Canadian electronics manufacturer, returning to the United States after living in Canada for 15 years to set up U.S. distribution for the company. Before founding Veloteq, he was Director of Marketing for a Massachusetts manufacturer of components used in the broadband industry.

Jeffrey Hu Graduated from the Capital Economy and Trade University in Beijing. He was the ISO9000 auditor for Crown International, a world-wide shipping company and was later Sales Manager for the Kodak Co. supervising over 400 stores in the Beijing Region. Mr. Hu is a fluent English speaker. The combined language knowledge of the principals enables the avoidance of communications problems which frequently occur between North American and Chinese companies and venture partners.