The two seat renewable energy vehicle (T.R.E.V.) Trev has arrived in Shanghai, and has therefore completed the first of the three major legs of Zero Race. The team has now driven about 16,000km on the journey since departing Geneva on August 16th.
The ZERO Race has travelled 28 days and 9500 km since its departure on August 16 in Geneva, Switzerland. This marks the completion of a third of the entire journey of an 80-day journey around the world with 100% electric vehicles. The aim of the race is to show that zero emission vehicles running on renewable energies are technologies for the future that are ready, and reliable already today. With shrinking resources and the impacts of global climate change, the ZERO Race strives to present the solutions for a better and greener future. Four participating teams from Australia, South Korea, Germany and Switzerland are taking part in the challenge during this inaugural event.
Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSF) has completed a key phase of a major telescope project for the New Mexico Institute for Mining and Technology ("NMT"). The telescope is designated by NMT as the 2.4m Magdalena Ridge Observatory ("MRO") telescope.
Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSF) has been awarded a new contract for delivery of remote weapon systems. The contract value is approximately A$10 million and the systems will be delivered within 6 months.
The ZERO Race is an 80-day race around the world with 100% electric cars running on 100% renewable energies, starting on 16 August in Geneva, Switzerland. The ZERO Race is a modern adventure, propelled by clean energies and trend-setting technology organised by Swiss solar pioneer Louis Palmer.
Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSF) has been awarded a A$4.04 million grant from the Australian Space Research Program ("ASRP") to develop the world's first automated, high-precision, laser-based, space debris tracking system.
Asian stocks received a positive lead on Wednesday as US and European markets were lifted after Greece debt concerns eased. Asian markets ended mostly higher Tuesday. Australian share advanced 0.3 per cent despite central bank raised the official interest rate by 25 basis points in board meeting yesterday. South Korea's Kospi posted a solid gain yesterday with a 1.3 per cent rise, Japan's Nikkei 225 Average gained 0.5 per cent and Taiwan's Taiex was up 0.3 per cent. Hong Kong's Hang Seng Index fell 0.7 per cent, dragged by disappointing earnings of HSBC. China's Shanghai Composite fell 0.5 per cent.
