SOURCE: Energy 1 Corp.

August 12, 2009 09:00 ET

Energy 1 Partners With Nemo Motors and Hilbroy Advisory to Launch New Prototype Racing Program

DETROIT, MI--(Marketwire - August 12, 2009) - Energy 1 Corporation (PINKSHEETS: EGOC) announced today that it is partnering with Nemo Motors (PINKSHEETS: NMOC) and Hilbroy Advisory Inc. (FRANKFURT: 2H0) in the launch of a new prototype racing program.

The new prototype racing program will feature both the Energy 1 technology to power the race cars and the Nemo Motors black box technology and control systems and will be sponsored by Hilbroy Advisory and ITSALLBULL.NET. The experimental prototype race car program will test the endurance and reliability of the electrical technology in order to eventually release a consumer version, which will allow long-range autonomy. The program will benefit from the sponsorship of Hilbroy Advisory and Itsallbull.NET and a total budget of $2,500,000 or $500,000 per year for the next 5 years.

"The automobile industry has always relied on race programs such as formula one and Le Mans series to test technology before releasing to the consumer market, but no organized venue was available for electric vehicles and we are glad to be pioneering the way," said Robert Wilson, President of Energy 1 Corp. "We look forward to our first track days schedule for October of this year," further added Mr. Wilson.

About Energy 1 Corporation

Energy 1 Corporation is a US-based Energy Research and Development Corporation, which is developing a long-life energy generator and storage systems for residential, commercial and transportation industry.

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