Published: November 01, 2005
Leatt Corporation Announces Collaboration With BMW and KTM
Leatt Corporation (OTC: LEAT), a
Nevada, USA Corporation headquartered in Cape Town, South Africa, that
develops, sells and distributes the Leatt-Brace(TM), 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.
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(TM)
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(TM)," 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.
About The Leatt Corporation: The Leatt Corporation is the exclusive global
distributor of the Leatt-Brace(TM), 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.
For more information on the Leatt-Brace(TM), please visit the company
website at www.leatt-brace.com. For more information about KTM, please go
to their website www.ktm.com. For more information about BMW Motorrad,
please go to their website .
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.
BMW is an international manufacturer of automobiles, motorcycles and
related products. BMW Motorrad is a South African subsidiary of BMW. KTM is
an Australian based high performance motorcycle manufacturer.
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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