SOURCE: HPEV, Inc.

May 22, 2012 09:17 ET

HPEV Issued Patent That Could Simplify Manufacturing in Motors, Generators and Rotating Devices

WESLEY CHAPEL, FL--(Marketwire - May 22, 2012) - HPEV, Inc. (OTCQB: WARM) has been issued another patent with numerous applications in manufacturing. The Company's latest patent covers the use of its proprietary composite heat pipe technology in bearings and related products in a number of industries.

Bearings are instrumental in nearly all rotating devices from wheels to motors, fans, pumps and compressors. HPEV management believes that its technology will enable manufacturers to dramatically reduce the cost of cooling bearings while improving their effective lifespan and, consequently, reduce the cost of the end products in which they are employed.

Heat is the enemy in all rotating devices. In engineering terms, when rotating devices such as motors reach large sizes, the bearings inside the motors become increasingly important to the reliability, efficiency and lifespan of the motor. Controlling the heat caused by friction is critical and HPEV's solution removes heat more effectively than current solutions in the marketplace. HPEV's technology will reduce operating temperatures from 20% to 50%, depending on the bearing type.

Tim Hassett, HPEV's CEO, commented, "In an industry that uses sixty-year-old solutions for cooling, HPEV's thermal dispersion technologies have the capability to be game changers."

Current methods for removing heat from bearings in rotating devices are expensive. A 10,000 horsepower motor, that is liquid cooled, requires an auxiliary motor and pump to continuously force lubricating and cooling fluid through the bearings to prevent them from overheating. HPEV's solution requires no auxiliary motor, no pump and no fluid. In addition to being less expensive, the technology is passive and maintenance-free. The technology not only eliminates the need for an auxiliary motor and pump, it reduces the size and simplifies the operation of the machine.

"This will be another tool in our portfolio of products that manufacturers can use to dramatically reduce their cost structure with little or no retooling of their production lines," said Hassett. "It delivers significant benefits to our customers and we expect to be in the marketplace very quickly."

While there are many markets that can benefit from this technology, the most obvious is the global market for large (above 500 horsepower) motors and generators. That market size is approximately $15 billion annually. Management expects manufacturers will realize savings of 5 to 15% on the total cost of manufactured goods from this technology.

This new patent is the second to be issued to HPEV in the past three months and increases the company's intellectual property portfolio to 13 patents or patents-pending with two others remaining to be assigned.

About HPEV, Inc.: HPEV, Inc. is an intellectual property and product development company with expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings. In addition, management believes that the Company's thermal technology will eventually be implemented in almost all components of the motor vehicle market including: motor control, battery, axle and brakes.

Safe Harbor Statement. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on plans and expectations of management and are subject to uncertainties and risks that could affect the Company's plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company's business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For Inquiries Contact:
    ir@hpevinc.com
    or
    Capital Group Communications, Inc.
    Mark Bernhard
    415-332-7200