CODA Holdings Hosts 45 International Ambassadors at Global Headquarters in Los Angeles

LOS ANGELES, March 2, 2012 /PRNewswire/ -- CODA Holdings, a leading developer of all-electric vehicles and advanced battery systems, today hosted 45 foreign ambassadors at its global headquarters in Los Angeles, demonstrating the benefits of electric vehicle and energy storage technology and highlighting the economic and technological advancements the company brings to the area.

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During the Experience America trip to Los Angeles, ambassadors representing countries spanning five continents spent three days – from February 28 to March 2 – focused on the history, future, economy and people of Los Angeles. The ambassadors engaged with leaders from forward-thinking businesses like CODA and learned about the city's innovative and entrepreneurial projects.

"We're very excited to be a part of the Experience America tour of Los Angeles," said Phil Murtaugh, CEO, CODA Holdings. "At CODA, we believe our mission of reducing dependence on fossil fuels can be best accomplished through our worldwide relationships. By fostering existing international joint ventures and developing new partnerships, we can develop a global solution for a global problem."

Led by CODA Holdings Vice President of Government Relations and External Communications Forrest Beanum, the United Sates Chief of Protocol Capricia Penavic Marshall and attending ambassadors toured the 100,000 square foot global headquarters, and battery R&D laboratory and experienced the all-electric sedan through the streets of Los Angeles.

"International collaboration is one of the pillars that have shaped CODA's strategy since its inception," said Beanum.  "Through our innovative technology, strong partnerships and international government support, we strive to accelerate the adoption of zero emission transportation and clean energy storage solutions worldwide."

Experience America is organized by the Diplomatic Partnerships Division of the Office of the Chief of Protocol whose mission is to foster international goodwill and cultivate the relationship between the Diplomatic Corps and the people and institutions of the United States through an exchange of ideas, cultures and traditions. This is the ninth Experience America trip. Previous destinations included other California locations, Texas, Florida, New York City, Chicago, Atlanta, Alaska and New Orleans.

About CODA Holdings:
Headquartered in Los Angeles, California, CODA Holdings is a leading developer of advanced Lithium-ion power battery systems comprised of three key business lines: CODA Automotive, CODA EV Propulsion Systems and CODA Energy.  Together with its JV partner, CODA is working to reduce dependence on oil and leading the way to a cleaner future through its electric vehicles and stationary energy storage products. The first consumer product available will be a zero emission four-door, five-passenger EV sedan with a full-size trunk that is designed to meet American drivers' daily transportation needs. For more information on the CODA sedan, visit www.codaautomotive.com.

SOURCE CODA Holdings