BOCA RATON, Fla. , May 24, 2012 /PRNewswire/ -- Energy 1 Corporation (OTC: EGOC) announces that it has entered into a distribution agreement with TransBioTec, Inc. (OTCQB: IMLE).
"For E1, this is all about enhancing the value we offer customers," said Raymond T. Brown , Chairman of E1. "The SOBR system gives us an extra tool for fleet operators seeking to lower insurance costs and reduce liability risks of the operator."
"This was an easy collaboration," said Scott Painter , CEO of TransBioTec. "We share the same customers while selling non-competitive products and services. By joining forces, we both benefit."