Leatt Corporation Announces Collaboration with BMW and KTM
CAPE TOWN, South Africa - Leatt Corporation (Pink Sheets: LEAT.PK), a Nevada, USA Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace™, a Neck Brace system designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that it will be collaborating with BMW and KTM on a cervical spine protection system for the sports motorcyclist.
PR9.NET November 02, 2005 - BMW Motorrad and KTM are seeking to develop an adequate system of protection for the neck, the cervical spine, the spinal cord and the collarbone in the event of a serious motorcycle fall. Leatt-Brace™ prototypes have undergone extensive testing at BMW's testing facility in Munich, Germany. The Leatt Corporation believes that a neck protection system of this kind will benefit not only the enduro motorcyclist and rally biker, but also the motorcyclist in everyday traffic situations, and will represent a great step forward in the area of passive safety. According to BMW Motorrad, testing of the brace has produced excellent results. Consequently, experts at BMW Motorrad Accident Research regard the prototype as having a huge safety potential.
"Motorcycle sport should be safer and we wish to make a contribution in achieving this", explains Dr. Herbert Diess, Head of BMW Motorrad, while commenting on the decision to dedicate a substantial degree of attention to this subject. He continues: "The concept is extremely promising. If this system continues to live up to our expectations, I can well envisage us putting it into production."
"I am very pleased with the relationship that is developing between BMW, KTM and the Leatt Corporation, the global distributor of the Leatt-Brace™," said, Dr. Leatt, C.E.O. of the Leatt Corporation. He added: "With all of us working together collectively, I feel that the brace will find its way into the market much faster and I have hope that lives will be saved sooner, rather than later, as a direct result of this collaboration."
There can be no assurances that the foregoing testing will lead to any formal business relationship between BMW/BMW Mottorrad and the Leatt Corporation or between KTM and the Leatt Corporation, or that the developments described herein will produce any revenues or profits for the Leatt Corporation.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com.
Legal Notice Regarding Forward-Looking Statements: This press release may contain forward-looking statements, which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope,"
"will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue," or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, the limited resources of the Company and resulting vulnerability of the Company and its products to domestic and international competitors with considerably greater resources than the Company and possible inability to establish market share against competing products in many markets, current limited distribution channels for the Company's products, actions of our competitors, the limited cash flow of the Company and the resulting reliance on the sale of Company securities to finance operations, the extent to which affects our ability to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our products, and changes in our business strategies. The Company's common stock is traded on the Pink Sheet system and the Company is a "penny stock company" as defined under the rules of the Securities Exchange Act of 1934, as amended. As such, there are additional, substantial risks associated with the Company and its securities. Such risks include limited liquidity of the Company's common stock and limitations on ability of broker-dealers to trade or recommend such stock.
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BMW (Frankfurt Stock Exchange: BMW AG, Pink Sheets: BYMOF) is an international manufacturer of automobiles, motorcycles and related products. BMW Motorrad is a South African subsidiary of BMW. For more information about BMW Motorrad, please go to their website www.bmw-motorrad.de.
KTM (Vienna Stock Exchange: KTM, Pink Sheets: KTMHF) is an Australian based high performance motorcycle manufacturer. For more information about KTM, please go to their website www.ktm.com.
To view the complete press release, as issued by BMW Motorrad, please visit: http://www.ktm.com.au/news.php?newsid=379&PHPSESSID=36cecca0b29d61ab9b4206b4d88123ad for the English version or http://www.7-forum.com/news/wmview.php?ArtID=893 for the German version.
About Leatt Corporation, Inc.
The Leatt Corporation is the exclusive global distributor of the Leatt-Brace™, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The manufacture and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa, which are situated at the headquarters of the Leatt Brace Holdings (Pty) Ltd.
The impetus for the project came from Dr. Chris Leatt’s medical knowledge, his history as a motorcycle racer and the many neck injuries he has witnessed. The product not only has motor sport applications, but the Company believes that it can be used by anyone wearing a crash helmet as a form of protection. The inventor of the brace, Dr. Chris Leatt, is the President of the Leatt Corporation and is responsible for executing the Company’s global strategy.
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