1000-Mile Range Vehicle

Ultra High Range Vehicle to be Developed Using Advanced Kokam Battery System, Hybrid Technologies to Open Facility in South Korea

Hybrid Technologies, Inc. www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium powered products worldwide and Kokam Ltd. are pleased to jointly announce the development of an ultra high performance vehicle. The vehicle is anticipated to reach over 1000 miles on one charge.

Hybrid Technologies executives were in Asia February 23-27, 2006, to complete negotiations with Kokam South Korea. The meetings with Kokam Chairman JJ Hong established a stronger working relationship with Hybrid Technologies as well as several intensive automotive development projects.

Kokam will be developing an ultra long range system with testing in America with Kokam American and Hybrid Technologies.

The vehicle will have a (approx) 300 kilowatt hour system based on Kokam's current technology. This system is 10 times the capacity of current systems in use today. The developed unit will use 5 units of a 200 Ah 81S1P system, stated Kokam engineers.

Hybrid Technologies, in an effort to expand its global presence as well as to work more closely with Kokam Ltd., has approved the opening of an electronic development facility in Seoul, South Korea. The move is directly in response to a greater than anticipated number of orders from Government agencies as well as the number of current vehicle project demands.

Kokam Ltd has long been a leader in high performance lithium batteries as well as a developer of high capacity lithium cells. Kokam Chairman, JJ Hong, stated, "Kokam and Hybrid Technologies have been working successfully to date and we are pleased with the rapid advancements Hybrid Technologies has made. Clearly our vision is similar, therefore this expanded joint project will allow for further and closer collaboration and as well provides automotive platforms for Kokam to introduce the latest lithium technology."

Hybrid Technologies President, Holly Roseberry, stated, "Our team has completed negotiations with Kokam Ltd. thus creating a clear and solid manufacturing relationship with a leading supplier and developer. Our newest project, an ultra long range vehicle, is a joint project that will not only create a new line for Hybrid Technologies, but also change the industry standard in respect to performance and range. Our move to Asia will allow Hybrid technologies to gather the best technology in the world; therefore, we feel that we are finally providing what we believe will be the most advanced hybrid vehicle in the market.

Hybrid Technologies and Kokam Ltd. have approved a fast track for the ultra long range vehicle and will be co-developing a system in South Korea and Mooresville, NC. The Seoul, South Korea, development facility will be focused on electrical development and battery management systems, while also serving as a satellite office for Hybrid's Asian market.

AutoChannel