CHARLOTTE, N.C. and LOS ANGELES, Sept. 22, 2005 (PRIMEZONE) -- Hybrid Technologies, Inc. (OTCBB:HYBT) (www.hybridtechnologies.com) -- and its subsidiaries -- R-Electric Car Co., Global Hybrid Corp., and Solium Power Corp., -- emerging leaders in the development and marketing of Lithium-powered products worldwide, is pleased to announce that due to increased development and production requirements and the addition of several new vehicles, Hybrid has approved the expansion and relocation of their plant from Van Nuys, California to North Carolina.
Headed up by one of the nation's top vehicle engineers and designers, Mr. Ron Cervin, formerly of world-renowned Cinema Vehicles, the new facility promises to produce an ever-increasing number of lithium powered vehicles. Mr. Ron Cervin, engineer on Hybrid's Mini Cooper for diplomatic service, the precedent-setting R-car and the PT Cruiser, will now work full-time for Hybrid Technologies and is responsible for the implementation of automation systems as well as advanced re-engineering of vehicles for Hybrid's production slate.
Mr. Ron Cervin, Chief Engineer for Hybrid Technologies stated: "Having worked in the Hollywood industry for many years and most notably with Cinema Vehicles, I am confident that my experience coupled with Hybrid Technologies' already impressive technology will be a successful relationship. My goals with my new role will be to provide the public and government clients with the latest in hybrid vehicle technology. Recently announced batteries supplied by Korea-based EaglePicher Kokam, have provided our corporation with the safest and most efficient energy storage possible."
The production facility will replace the current Van Nuys facility and is approximately 4 times larger, thus providing Hybrid with a shorter development and production time as well as giving Hybrid access to the world-renowned automotive labor pool located in Mooresville, NC, known throughout North America as "Racetown, USA". The city board and mayor Al Jones are very proactive in recruiting automotive corporations to their city; therefore, the area's infrastructure as well as local and state officials clearly will support Hybrid.
With the addition of several two wheeled vehicles as well as the highly popular Smart Car to the Hybrid production lineup, Hybrid executives are now implementing second tier marketing approaches, thus allowing substantial orders to flow through the new facility.
Holly Roseberry, President of Hybrid Technologies, stated, "With the addition of in-house talent such as Mr. Ron Cervin and Mr. Martin Koebler, we are now in an enviable position of being on the leading edge of not only development and production but also manufacturing of lithium vehicles."
Hybrid Technologies is scheduling a state event to announce their arrival to the area; a press release will be sent out to media prior to the event.
About Hybrid Technologies
Hybrid Technologies Inc. (OTCBB:HYBT) is an emerging leader in the development and marketing of Lithium powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. As current legislation moves towards clean energy, we foresee this industry as one of the fastest growing segments within the global economy. Hybrid Technologies' applications encompass a variety of products used globally on a daily basis, while enabling consumers to enjoy the comfort and power to which they are accustomed. Everything from scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military applications and many other essential products have been successfully converted to Lithium power. The combination of our superior technology and mass-marketed products creates a unique market opportunity for our Company.
Forward-Looking Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.