Australian Electric Infrastructure and Transport 2014 Summary

 2014 – Executive Summary- Update

Australian Electric Infrastructure and Transport Company Pty Ltd (AEIT) is a Brisbane based company established to commercialize the OLEV (On-Line Electric Vehicles) Zero Emission Public Transportation Solution in Australia.

In 2014, AEIT established two subsidiary companies:

1. OLEV Power Systems – was granted its own 10 years – Electricity Distribution License in July 2014 for the supply and distribution of power to Electrical Vehicles from Queensland Energy Sector Regulator, Department of Energy and Water Supply, Queensland Government.

This company now has the ability to procure power supply from electricity wholesale market at wholesale prices for distribution and supply of power to OLEV buses as an end-to-end solution for OLEV infrastructure development program.

It is envisaged that this company would become the power supplier to all types of electrical vehicles, which would adopt the OLEV wireless charging technology to charge as they drive along the roads without the need to plug in to charge.

Their usage of power would be captured and billed per vehicle as their fuel supply contract.

1.  OLEV Transport Company – was granted its Public Transport Operator License in December 2014 for the purposes of operating OLEV Buses and Tram from Queensland Department of Transport & Mains Roads, Queensland Government.

This enables the company to implement an OLEV bus or Tram without having to depend on an external Public Transport Operator.

Works in Progress:

• In December 2014 electric chassis manufacturing design works were completed and design approved by the board with an overseas company and discussions are underway on the various business model that we would be operating with them for manufacture and supply.
• Furthermore, discussions are also underway with an Australian Bus Body manufacturer to undertake bus body building works for OLEV buses here in Australia so that OLEV buses are manufactured to higher Australian Standards, which would comply with all Australian and International standards for future export of OLEV buses internationally.

AEIT is seeking capital to deploy two commercial pilots of this Revolutionary technology in Australia and then a broader roll out across Australia that is going to have a major impact on Carbon emission, Fuel pricing, Health and Emission costs savings.”

FURTHER INFORMATION

Name: Rikesh Venay Ram, CEO AEIT

Website: www.aeit.net.au