Hybrid Technologies, Inc. (HYBR.OB) is committed to using its resources for the development and marketing of lithium-powered products which can operate vehicles, commercial buildings and residential homes. The company has successfully converted scooters, bicycles, mopeds, motorcycles, cars and homes into zero-emission, lithium-powered vehicles and facilities.
The company’s products have received massive attention from CNN, Forbes, Popular Mechanics, Wired magazine and other media sources. Marketing trend forecasters believe that the company’s all-lithium BMW AG Mini Cooper will become the new “it” car among the Hollywood crowd, who are no strangers to the company.
Because Hybrid Technologies’ vehicles are not run on gas, they require very low maintenance and can save users hundreds of dollars. Hybrid Technologies has signed contracts with NASA, the Canadian Ministry of Transportation, the City of New York, the US Navy, and Paratransit, a New York transportation company, among others. The media, government and public are taking note of the company’s vehicles and the demand could become very strong in the near future.
The Company was recently given a $5.30 target price by SISM Research as well as a ‘Speculative Buy’ Rating. SISM Research analyst Ernest C. Schlotter stated, “Electric powered vehicles will quickly gain meaningful share in the worldwide light vehicle market due to rising energy costs and increased emissions regulations. Hybrid Technologies is an emerging leader in the development and marketing of lithium-powered products worldwide and could benefit from this trend. Currently, the market is limited because of high prices, but this technology has the potential to become mainstream as production volume increases. Subsequently, vehicle prices should decline.”
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