Armor Electric Inc. ("we," "us," "Armor" or the "Company") was incorporated in Florida in 1998 under the name Armor Software, Inc. having the stated purpose of engaging in any lawful practice or activity. Shortly thereafter, the Company's name was changed to Armor Enterprises, Inc. The Company was formed with the purpose of developing privacy encryption software for the Internet. The Company was unable to raise enough capital to finance its research and development of the software. After efforts to develop the business failed, all efforts were abandoned in mid 2000. The Company then began to consider and investigate potential business opportunities.
In 2004, we acquired Nova Electric Systems Inc. ("Nova"), which owns rights to certain technologies for the production of electronic propulsion and battery power systems for electric powered vehicles. Thereafter, the Company's name was changed to Armor Electric Inc. We are now engaged in further development of these technologies.