TUGA Files Patent for Innovative Food Delivery Module, The Canadian Business Journal

VANCOUVER, BC AND LISBON, PORTUGAL, SEPTEMBER 22, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations” or “Company”) ) ) develops solutions to the challenges of urban mobility. Tougais a new breed of electric vehicle (“EV”) and is pleased to announce the introduction of a new food delivery module, the TUGA parcel box, as part of our product development efforts.

The TUGA parcel box development team has filed a patent application (file number 63/339,588) to protect certain intellectual property relating to the features and functions of the product. TUGA Delivery Boxes provide automated environmental controls such as heating and/or cooling, air filtration, weight distribution, and order segregation during transportation from preparation to finish, thereby reducing the risk of food or other elements within the box. Designed to maintain quality and integrity. – User Consumption.

Specifically designed for use with TUGA’s 3-wheel, highly agile, fully electric inline driver/cargo configuration, this module is easily removable to provide optional wheels (including motorized wheels). Further designed to facilitate handling and ease of use. Access for pickup and/or delivery in restricted access locations. The interim design includes an optional drone attachment for airlift in difficult vertical situations.

Company co-founder and vice president Cesar Barbosa said: The aim is to provide a high-end, high-quality environment for premium food transportation, with parcel boxes optimized for movement from the kitchen to the customer. The market for food transportation is a huge opportunity. We are committed to providing urbanites seeking better dining with high-quality, innovative solutions that deliver significant brand profile utility, market penetration capabilities, and best-in-class environmental friendliness and consideration. I am aiming. delivery solution”.

TUGA’s front and rear two-seater fully electric vehicles are intended to address the many challenges faced when driving in, between and around city centers and metropolitan areas. The vehicle is no wider than a motorcycle for agility and boasts a patent-pending extended rear axle for stability at high speeds and the recently announced patent-pending Extended Length Vehicle Chassis System. Allows unique rearward movement of the rear of the vehicle to allow improved passenger and/or cargo access. The TUGA platform is designed to offer multiple body styles, initially identified as the TUGA Commuter, TUGA Deliver and TUGA One Concept.

The company’s CEO, John Hagie, added: This concept is innovative enough to seek intellectual property protection. This is another example of his TUGA solution aimed at providing an innovative, high-end and high-quality approach to urban mobility problems,” Hagie continues. “We are committed to unlocking the value of our company on behalf of our partners, stakeholders and shareholders.”

On behalf of the Board of Directors,
Sincerely,

~John Hagie~

John Hagie
Chief Executive Officer and Director
Tuga Innovations Co., Ltd.

As part of our disclosure obligations as a public issuer, pending financial and material filings can be found under our profile on the Electronic Document Analysis and Retrieval System (SEDAR) at: www.sedar.comWe encourage the public to visit our website www.tugainnovations.com and sign up for “News Alerts” to be notified of future news and events. Watch the video now live on our website and follow us on Instagram, Twitter and LinkedIn.

About TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF)

TUGA Innovations is a development stage electric vehicle company that conceives, designs and manufactures purpose-built EVs to enhance the urban mobility experience. The company aims to ease the challenges of urban mobility by developing his family of two-seat, fully electric tricycles in the front and rear. This vehicle is no wider than a motorcycle for agility, with a patent-pending extended rear axle for high-speed stability and a patent-pending extendable chassis designed for passenger comfort. provide. The vehicle offers advanced connectivity technologies to maximize safety, performance, environmental impact, comfort, maintenance and navigation. TUGA vehicles are designed for an estimated 160 km range, an estimated top speed of 140 km/h, vehicle comfort, interchangeable multi-body and better protection than a motorcycle on a multifunctional platform . For more information, see: https://tugainnovations.com/watch our videos and follow us on Instagram, Twitter and LinkedIn.

For more information, please contact:

Tuga Investor Relations
Phone: +1 415.799.7911
Email: [email protected]

Forward-Looking Statements

To the extent that this news release is not historical fact, this news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections and statements regarding future plans, objectives or economic performance or the assumptions underlying any of the foregoing. In some instances, forward-looking statements may include “aim”, “will”, “will”, “could”, “would”, “could”, “will”, ” It can be identified by terms such as “will” and “likely”. , “expected”, “expected”, “believe”, “intend”, “plan”, “predict”, “predict”, “estimate”, “forecast”, “hope” , “possibility” or other similar expressions relating to non-historical matters. Examples of such statements include, but are not limited to, statements regarding our product development efforts, protection of our intellectual property and designs, including patent applications. Our company’s his TUGA platform, body style, parcel box design, features and functions. Intended compatibility of our product offerings. Our target markets and the opportunities available to us within them. A parcel box optimized for moving from the kitchen to the customer. the usability of our brand profile, market penetration capabilities, and our ability to provide consideration for the environment and the catering market; We offer an innovative, high-end, high-quality approach to urban mobility concerns. A company that combines multiple products. A company that addresses the challenges faced when driving between and around urban areas and metropolitan areas. Dedicated vehicles for the delivery service segment. We offer uniquely tailored solutions in the rapidly changing automotive sector. Commercialization of our automotive concepts, including vehicle width, vehicle extended rear axle capabilities, vehicle multiple body styles, vehicle length extended vehicle chassis systems, vehicle advanced connectivity features and their anticipated Benefits, vehicle range and top speed, and protection and platform provided by the vehicle.

Forward-looking information is based on assumptions made in light of management’s experience, trends, perceptions of current conditions, expected developments and other factors that management believes to be relevant and reasonable. , based on estimates, analyzes and opinions. As of the date such statements are made, they may prove to be inaccurate. Factors and assumptions include, but are not limited to, key personnel and qualified employees who continue to be involved with the Company. our ability to secure additional funding on reasonable terms; competitive conditions in the industries in which we operate; Laws and Amendments Applicable to Us.

Forward-looking information involves known and unknown risks, uncertainties and the Company’s actual results, performance or performance may differ materially from future results, performance or performance expressed or implied by forward-looking information. It includes other factors that can cause different. risks associated with our future business plans; The risk that we may not be able to secure key personnel; the risk that we will be unable to secure funding on reasonable terms, as well as all other risks described under the heading “Risk Factors” in our final prospectus dated November 30, 2021; The risk of not being fully funded. Accordingly, readers should not place undue reliance on such forward-looking information. In addition, forward-looking information speaks only as of the date such statements are made. New factors emerge from time to time and it is not possible for our management to predict all such factors and the extent to which each such factor, or factor or combination of factors, will affect our business. It is impossible to assess in advance who will be affected. Actual results may differ materially from those contained in the forward-looking information. We do not use forward-looking information to reflect information or events after the date they were made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. shall not be obliged to update to

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