SaviCorp, which trades on the OTC Pinksheets, under the ticker SVMI, is an innovative automotive technology company that licenses, manufactures, distributes and maintains a variety of IP patented technology & products that lower emissions and improve overall fuel efficiency. SVMI recently singed a contract to retrofit Bergelectric’s Southern California fleet of vehicles.
“We estimated that after about 6 months Bergelectric would have paid for their retrofit. SaviCorp is very excited about this sale, because the results from Bergelectric lends to our credibility, and the opportunity to close more fleet sales.”