SOURCE: EVCARCO INC

evcarco, evca, electric car, hybrid, green stocks, alternative energy

April 26, 2010 10:56 ET

EVCARCO (OTCBB: EVCA) Approves Partnership With Florida-Based Developlement Corporation With a Focus on Hybrid-Alternative Diesel Fuel Engine Systems

Energy System Could Provide Solutions for Thousands of United States Military Vehicles

DALLAS, TX and WASHINGTON, DC--(Marketwire - April 26, 2010) -  EVCARCO (OTCBB: EVCA) and its board of directors have announced today their approval for a high level project relating to the development of a Hybrid Engine system to be used in US Military Applications.

EVCARCO most recently announced its progress with Federal Agency NASA Press as well as its progress with Military Spec Units for applications in both wartime and for the ongoing mission of Homeland security.

Eduard Prous, CTO of EVCARCO, stated, "We have sourced a technology which not only will satisfy the needs of Military fleets, it will also be adaptable for us in the latest commercial vehicles. Our goal at EVCARCO has always been to source the best and latest solutions in alternative energy and this latest innovation will provide our Corporation with a direct link to working and servicing the UNITED STATES MILITARY."

The technology currently is under a non-disclosure. Due to its applications, the board of EVCARCO has released the following description of the technology for the public:

  • SYSTEM: HYBRID DIESEL - ELECTRIC MOTOR
  • APPLICATIONS: WARTIME UNITS/ HOMELAND SECURITY
  • BETA TESTED: YES
  • AVAILABLE FOR MARKET: NOT AT THIS TIME/ EVCARCO WILL PRESENT TO MILITARY AND SMEs WITH SIMILAR TECHNOLOGY

EVCARCO, in establishing this project, is identifying viable technology Solutions for immediate and near term usage. In addition, Edouard Prous, stated, "We aim to develop national and regional partnerships to provide direct support to the Military through advanced technology."

Recently, the Pentagon announced the following programs relating to alternative fuel vehicles:

The Army plans to have 4,000 electric vehicles in the next three years; one of the biggest electric fleets in the world.

-- The Air Force plans to provide 25 percent of the energy at its bases with renewable energy by 2025 and use Biofuels blends for half of its aviation fuel by 2016.

-- The Navy plans to launch a strike group by 2016 that runs entirely on non-fossil-fuel energy, including nuclear ships, combat ships that run on hybrid electric power systems using Biofuels, and aircraft that fly only on Biofuels.

The Navy's first amphibious assault ship with a hybrid gas-electric drive was the USS Makin Island. On its first voyage last year from Pascagoula, Miss. around South America to San Diego, its home port, it saved nearly $2 million in fuel costs.

LINK: http://www.kansascity.com/2010/04/20/1891047/energy-intensive-pentagon-making.html#ixzz0m9b1bU00

In addition to EVCARCO's R&D partnership programs the Corporation will also present the following units for fleet programs:

  • NEV-Wheego All Lithium Vehicle, produced in California - Production model
  • Tazzari-Zero  All Electric Italian Roadster - Production model
  • UTV-Mil Spec Vehicle - Prototype

EVCARCO anticipates further programs aimed at the Military sector and will release its most current information to the public per board approval.

FOR MORE INFORMATION ON NASA's KENNEDY SPACE CENTER, VISIT:

http://www.nasa.gov/kennedy

FOR MORE EVCARCO NEWS: http://www.evcarco.com/news.asp

About EVCARCO
EVCARCO (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, hybrid, and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

Forward-Looking Statement
This release contains forward-looking statements that reflect EVCARCO Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

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