In late May, Hybrid Technologies, Inc (HYBR.OB) gave Popular Mechanics Magazine an exclusive first look at its new, green 220+ mph supercar, the Automotive X Prize. Popular Mechanics reviewed the renderings and video, was very impressed, and wrote a very positive review. Today, 24-7stockalert.net announced that it will cover Hybrid Technologies in its newsletter. 24-7stockalert.net focuses on providing financial info, news, and investment ideas to savvy investors.
Hybrid Technologies, Inc. is a development stage technology company that focuses on developing and marketing lithium-powered vehicles and products, as well as commercial and residential applications for its products. With concerns mounting over the negative effects of combustion engines, the use of hybrid-powered vehicles – which addresses the transportation needs of around 80% of the US – will place much less stress on the environment. The company has developed cars, motorcycles, mopeds, small four-wheeled vehicles, and lithium-powered supplemental energy products for houses that reduce the need for conventional electric power.
The new Hybrid Technologies vehicle, the Automotive X Prize, is a high-end passenger car. Ron Cerven, a Hybrid Technologies project development engineer, stated that the high-tech vehicle would have regenerative braking, as well as aero parts that will affect its downforce and drag. He also stated that the design would center on passenger comfort and the drive train, and that the vehicle would need to hit 220 miles per hour minimum.
Thankfully for anxious enthusiasts, Popular Mechanics stated that a drivable prototype will be ready by September.
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