Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

E-Cite Motors Eliminates Additional 671,000 Shares Through Debt Reduction, Continuing Aggressive Efforts to Minimize Dilution and Build Shareholder Value

Company Reinforces Commitment to Minimizing Dilution While Leveraging Its Regulatory Advantages Over Traditional OEMs

BOTHELL, WASHINGTON / ACCESS Newswire / October 7, 2025 / Innovative EV Technologies, Inc. dba E-Cite Motors Group, Inc. (OTCID:VAPR), a pioneering low-volume electric vehicle (EV) manufacturer, today announced that it has further eliminated approximately 671,000 additional shares of potential dilution by paying down its debt tied to the Convertible Promissory Note dated May 13. This proactive step further reduces the Company's share overhang, reinforcing its commitment to protecting shareholders while strengthening its capital structure.

This repayment is part of a broader, ongoing initiative by E-Cite to minimize any potential increase to its share structure, instill investor confidence, and maximize shareholder value. By strategically reducing convertible obligations, E-Cite demonstrates that it is building a foundation for sustainable growth while limiting dilution risks that often weigh on early-stage public companies.

This repayment follows E-Cite's recently announced Stock Lock-Up Agreement, under which over 90% of potential conversions were voluntarily locked up by its largest noteholder That milestone eliminated tens of millions of shares from conversion risk and demonstrated a shared commitment between management and its financial partners to protect shareholders and build long-term value.

Taken together, the lock-up agreement and the latest debt paydown represent a two-pronged strategy to minimize dilution, instill investor confidence, and enhance shareholder value while positioning the Company for accelerated growth.

Barry Henthorn, CEO of E-Cite Motors, commented: "Today's announcement is another powerful example of how E-Cite is executing on its promise to protect shareholders and strengthen our foundation for the future. Every reduction in potential dilution increases confidence in our capital structure and creates more value for our investors. We are not only building vehicles that redefine the automotive landscape but also a company that is structurally positioned for long-term success. These actions are the precursors to the great things that lie ahead for E-Cite Motors."

Unlike traditional OEM manufacturers that face decades-old regulatory burdens, bureaucratic structures, and inflexible business models, E-Cite operates under a distinct advantage as a CARB-approved, low-volume EV manufacturer. This exemption status allows E-Cite to design, build, and deliver innovative vehicles without the crushing overhead and inefficiencies of legacy automakers. By leveraging this unique position, E-Cite can move faster, adapt to evolving consumer demands, and bring cutting-edge EV designs to market with speed and efficiency unmatched in the automotive industry.

With its innovative business model, regulatory advantages, and ongoing debt elimination strategy, E-Cite Motors is paving the way for accelerated growth, strategic partnerships, and breakthrough vehicle launches that have the potential to reshape the EV market.

About E-Cite Motors Group (OTCID:VAPR): E-Cite Motors Group is a next-generation electric vehicle manufacturer redefining the American automobile by producing premium EVs that combine timeless design with groundbreaking performance. Unlike traditional automakers, E-Cite employs a modular EV platform that allows for rapid development, high efficiency, and reduced environmental impact. E-Cite's vehicles are developed under a low-volume manufacturing model, enabling the company to bypass certain regulatory hurdles and accelerate delivery of innovative models to consumers. From modernized classic sports cars to record-breaking electric trucks. By combining cutting-edge technology with classic automotive design, E-Cite is redefining what's possible in the EV space. E-Cite is committed to "leading the EV evolution through innovation, agility, and intelligent design". The company is headquartered in Bothell, Washington, and is majority owned by Innovative EV Technologies, Inc.

Contact:

Innovative EV Technologies, Inc. dba E-Cite Motors
Email: ceo@ecitemotors.com
Website: www.ecitemotors.com

SOURCE: Innovative EV Technologies dba E-Cite Motors



View the original press release on ACCESS Newswire

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  213.04
+0.00 (0.00%)
AAPL  252.29
+0.00 (0.00%)
AMD  233.08
+0.00 (0.00%)
BAC  51.28
+0.00 (0.00%)
GOOG  253.79
+0.00 (0.00%)
META  716.91
+0.00 (0.00%)
MSFT  513.58
+0.00 (0.00%)
NVDA  183.16
-0.06 (-0.03%)
ORCL  291.31
+0.00 (0.00%)
TSLA  439.31
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.