Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v2.4.0.6
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Jun. 30, 2012
Related Party Assigned and Transferred Products Description

On October 21, 2009, the Company entered into an agreement with Epic Boats, LLC where Epic Boats assigned and transferred to the Company the entire right, title, and interest into products, technology, intellectual property, inventions and all improvements thereof, as defined in the table below.

 

Product   Description
Battery Box Design   All hardware, tooling and design reduced to practice otherwise of the battery housings which include the integration of a battery management system.
CAN Communication Protocol   Top communication protocol that communicates through the CAN bus
CAN based Throttle Controller   All hardware, software and tooling reduced to practice or otherwise of the throttle controller
BMS Head End Interfaces   Interfaces to the motor and generator controller to the diagnostic software