– Company steps into the metaverse with functional marketing

VANCOUVER, BC & LISBON, PORTUGAL, September 27, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations”, or “ The company ”) ”) develops solutions to the challenges of urban mobility TougaIt is a new type of electric vehicle (“EV”).

The founders of TUGA Innovations have combined the magic of augmented reality (“AR”) and virtual reality (“VR”) into practical tools for experiential product marketing through the power of artificial intelligence. As interest in the Metaverse grows, the company’s marketing efforts deliver end-user experiences through digitally enhanced journeys through its portfolio of all-electric urban mobility vehicles as an integral and integral component of the sales and marketing process.

TUGA Innovations VR and AR promotional tools will be available immediately in the Quest store for VR goggles and as an AR app available through the Apple IOS store and Google Play store.

Edmundo Nobre, Digital Director at TUGA Innovations, said: We provide TUGA virtual tools so that the public can experience our vehicles before they are launched. ”

VR promotional tools offer the public a unique way to experience the capabilities of the TUGA vehicle platform, including the innovative canopy, extendable chassis, retractable rear axle, and manipulation of onboard electronics. These are demonstrated when using the Quest VR goggles. All in-development TUGA models, including Thunder, Falcon, Commuter, Deliver, Cargo and Pickup configurations, can be viewed via online access in the Quest Store. Sales representatives, dealers and potential customers can take a closer look at the vehicle while simultaneously projecting an image of the Quest goggles onto the screen for viewing purposes.

AR promotional tools offer similar functionality, but are available as downloadable applications for smartphones and tablet devices. Sales and marketing personnel can easily visualize his TUGA models geographically located in their city with potential customers, friends and family enjoying the journey with stylish Thunder and Falcon interiors can contain The technology demonstrates many of TUGA’s uniquely developed features and benefits through extensive real-time AR scenes of vehicles in action.

Cesar Barbosa, Vice President and Co-Founder of TUGA Innovations, added: Demonstrate your digital expertise and launch a full-scale promotional effort. We believe modern vehicles need modern immersive marketing efforts that truly demonstrate what we create. We think this is an exciting approach and look forward to generating interest with our VR and AR promotional tools. ”

Digital teams offer a wealth of knowledge, expertise, and access to a wide range of industry networks involved in metaverse development. Team members are pioneers in the field of digital innovation as owners of multiple individual and joint technology patents and as project designers/implementers for several Fortune 500 companies.

TUGA’s front and rear two-seater fully electric vehicles are intended to address the many challenges faced when driving in, between and around city centers and metropolitan areas. The vehicle is no wider than a motorcycle for agility, with a patent-pending extended rear axle for stability at high speeds and a patent-pending extended length that provides unique rearward travel for the rear of the vehicle. It boasts a vehicle chassis system. / or cargo access. The TUGA platform is designed to offer multiple body styles, initially identified as the TUGA Commuter, TUGA Deliver and TUGA One Concept.

The company’s CEO, John Hagie, said: Today we are going to start with a set of promotional tools. Tomorrow he hopes to develop his feedback and interest online from users in the Metaverse, which could help create future vehicle components, features and benefits. What better way to grow organically than by integrating end-users into our processes? Digital capabilities are in our DNA and as part of our ongoing commitment to value creation, digital We aim to establish and strengthen our leadership position in space. ”

On behalf of the Board of Directors,
Sincerely,

~John Hagie~

John Hagie
Chief Executive Officer and Director
Tuga Innovations Co., Ltd.

As part of our disclosure obligations as a public issuer, pending financial and material filings can be found under our profile on the Electronic Document Analysis and Retrieval System (SEDAR) at: www.sedar.comWe encourage the public to visit our website www.tugainnovations.com and sign up for “News Alerts” to be notified of future news and events. Watch the video now live on our website and follow us on Instagram, Twitter and LinkedIn.

About TUGA Innovations, Inc. (CSE: Tugav) (FRA: DQ5) (OTC: Tugav)

TUGA Innovations is a development stage electric vehicle company that conceives, designs and manufactures purpose-built EVs to enhance the urban mobility experience. The company aims to ease the challenges of urban mobility by developing his family of two-seat, fully electric tricycles in the front and rear. This vehicle is no wider than a motorcycle for agility, with a patent-pending extended rear axle for high-speed stability and a patent-pending extendable chassis designed for passenger comfort. provide. The vehicle offers advanced connectivity technologies to maximize safety, performance, environmental impact, comfort, maintenance and navigation. TUGA vehicles are designed for an estimated 160 km range, an estimated top speed of 140 km/h, vehicle comfort, interchangeable multi-body and better protection than a motorcycle on a multifunctional platform . For more information, see: https://tugainnovations.com/watch our videos and follow us on Instagram, Twitter and LinkedIn.

For more information, please contact:

Tuga Investor Relations
Phone: +1 415.799.7911
Email: info@tugainnovations.com

Forward-Looking Statements

To the extent that this news release is not historical fact, this news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections and statements regarding future plans, objectives or economic performance or the assumptions underlying any of the foregoing. In some instances, forward-looking statements may include “aim”, “will”, “will”, “could”, “would”, “could”, “will”, ” It can be identified by terms such as “will” and “likely”. ‘, ‘expected’, ‘expected’, ‘believe’, ‘intend’, ‘plan’, ‘predict’, ‘predict’, ‘estimate’, ‘outlook’, ‘hope’, “probability”, “see”, “advance” or denial of any matter that is not a historical fact, or other similar expressions. Examples of such statements include, but are not limited to, statements regarding our product development efforts, our marketing efforts to deliver an end-user experience through our line of all-electric urban mobility vehicles. TUGA Innovations’ VR and AR promotional tools will be available soon on the Quest store, Apple IOS store, and Google Play store. We sell vehicles. All in-development TUGA models, including Thunder, Falcon, Commuter, Deliver, Cargo and Pickup configurations, can be viewed via online access at the Quest Store. The company will launch a fully engineered commercial prototype in Q4 2022 or Q1 2023. Increase company interest with promotional tools. A company that develops online feedback and interest from Metaverse users to help create future vehicle components, features, and benefits. As part of our ongoing commitment to value creation, we are establishing and strengthening our leadership position in the digital space. We offer an innovative, high-end, high-quality approach to urban mobility concerns. A company that addresses the challenges faced when driving between and around urban areas and metropolitan areas. Dedicated vehicles for the delivery service segment. We offer uniquely tailored solutions in the rapidly changing automotive sector. vehicle width, vehicle extended rear axle capability, vehicle multiple body styles, vehicle length extended vehicle chassis system, vehicle advanced connectivity features and anticipated benefits, vehicle range and top speed, and Protection and platform provided by the vehicle.

Forward-looking information is based on assumptions made in light of management’s experience, trends, perceptions of current conditions, expected developments and other factors that management believes to be relevant and reasonable. , based on estimates, analyzes and opinions. As of the date such statements are made, they may prove to be inaccurate. Factors and assumptions include, but are not limited to, key personnel and qualified employees who continue to be involved with the Company. our ability to secure additional funding on reasonable terms; competitive conditions in the industries in which we operate; Laws and Amendments Applicable to Us.

Forward-looking information involves known and unknown risks, uncertainties and the Company’s actual results, performance or performance may differ materially from future results, performance or performance expressed or implied by forward-looking information. It includes other factors that can cause different. risks associated with our future business plans; The risk that we may not be able to secure key personnel; the risk that we will be unable to secure funding on reasonable terms, as well as all other risks described under the heading “Risk Factors” in our final prospectus dated November 30, 2021; The risk of not being fully funded. Accordingly, readers should not place undue reliance on such forward-looking information. In addition, forward-looking information speaks only as of the date such statements are made. New factors emerge from time to time and it is not possible for our management to predict all such factors and the extent to which each such factor, or factor or combination of factors, will affect our business. It is impossible to assess in advance who will be affected. Actual results may differ materially from those contained in the forward-looking information. We do not use forward-looking information to reflect information or events after the date they were made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. shall not be obliged to update to

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