Hybrid Technologies, Inc., (NASD OTCBB: HYBT) was incorporated in Nevada in 2000 and is a development stage technology company that is focusing its resources and efforts on the development and marketing of lithium-powered vehicles and products, as well as on commercial and residential properties. Through its subsidiary, Zingo, Inc., HYBR offers telecommunications services to business and residential customers utilizing VoIP technology. The immediate focus is Canada, Central and Latin America, Europe and developed countries in Asia, allowing those destinations to have access to a highly advanced telephone system. Hybrid Technologies was founded in 2000 and was formerly known as Whistler Investments, Inc. In 2005 the Company changed its name to Hybrid Technologies, Inc. Hybrid Technologies is based in Las Vegas, Nevada.
Everything from scooters, bicycles, mopeds, motorcycles, cars and homes are being converted successfully to zero-emission, lithium-powered vehicles and facilities.
No Gas Noiseless LiV™ Series
HYBR already offers to the public a Smart Car and all-electric conversions of the Chrysler Crossfire, Mini Cooper and PT Cruiser with this technology, an ATV, as well as the LiV™ Series, its own line of zero-emission, noise free vehicles.
The LiV™ Series was recently introduced at the March New York International Auto Show — six lithium-ion-powered vehicles, including a $39,500 electric version of the Toyota Yaris hatchback called the LiV™ Wise and a 105 horsepower carbon-fiber-bodied sports car called the LiV™ Rush. The company already offers lithium-ion-powered versions of the Mini Cooper (dubbed the LiV™ Flash, and priced at $57,500), the Smart ForTwo (the LiV™ Dash; $43,500), and the Chrysler PT Cruiser (the LiV™ Surge; $55,000). Performance-wise, all of Hybrid’s conversions can go on one electric plug charge cycle for 100 miles or so and top out somewhere between 70 and 90 mph, with the LiV™ Rush, hitting 120 mph.
Besides passenger vehicles, Hybrid Technologies also sells the LiV™ RYDER chopper, a chopper-style motorcycles that can go as fast as 74 miles per hour. The chopper features a monster 300 rear tire for the dedicated motorcyclist seeking the ultimate riding experience. Also at the New York Show was the Hybrid Tech lithium-powered military vehicle, the LiV™ REAPER, mounted with a 50-calibre gun and grenade launcher, and an all-terrain vehicle, the LiV™ BULLDOG ATV. Hybrid Tech plans to offer a division of its Company for production of the custom-designed electric wheelchairs. LiV™ FREE wheelchair, not be eclipsed by the Moped-like and attractive LiV™ CRUZ bicycle.
As of mid-2007, HYBR was the only innovative company selling consumer ready electric-powered vehicles – and distribution
Price Cuts On Lithium
February 11, 2008 HYBR announced substantial price reductions on the Smart Car, Mini Cooper, and PT Cruiser. In contrast to the continual increase in gas prices, the reduction in lithium ion battery costs allow HYBR to pass savings along to their customers. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the needs for sustainable, zero emission energy and more cost savings are ever more in demand. The future for lithium production speaks favorable in terms of availability and lower costs. Management at HYBR foresees the lithium industry as one of the fastest growing segments within the global economy. Costs savings produced as the price of lithium goes down will improve the market for electric vehicles. Lithium production appears good with China becoming a major supplier in the near future.
A World Model
After development of a New Generation 3kw prototype, on February 5, 2004 HYBR announced the initiation of a lithium-ion conversion project with the United States Navy.
The prototype project was successfully completed and delivered to the Navy. The NYC Taxi Commission agreed to test a PT Cruiser which was delivered in early 2007. Paratransit, Sacramento, California, a company providing community transportation services, purchased two converted PT Cruisers. HYBR signed a Space Act agreement with NASA and several vehicles are being tested by NASA at the Kennedy Space Center in Florida. The company is also constructing a demonstration “green” home in Calgary, Alberta. As of mid-2007, HYBR was the only innovative company selling consumer ready electric-powered vehicles from its website (www.hybridtechnologies.com). HYBR signed an agreement in mid 2007 for the Canadian Ministry of Transportation to purchase a Smart Car and PT Cruiser. In September 2007, the Company signed a contract to provide a PT Cruiser to Arcadis, a contractor to the U.S. Environmental Protection Administration.
In a study produced last year by the Electric Power Research Institute found, it was shown that widespread adoption of plug-ins in the United States could reduce greenhouse emissions in 2050 by more than 450 million metric tons a year, the output of 82.5 million cars. The United States produces so much electricity, “Even if everyone went out and bought a plug-in hybrid,” the institute’s Mark Duvall said, “it is extraordinarily unlikely that we’ll ever significantly tax the system.” An MIT Technology study Number of customers wanting a plug-in electric vehicle went from 24% to 64% once they understood that the vehicles can be recharged overnight by plugging them in, storing enough electricity to power daily commutes.
Hybrid Technologies is leading in the development and marketing of lithium-powered products worldwide. With its proven technology, The Company is now poised to setup a Dealer/Distributor network in North America and license its’ technology to other automotive manufacturers.