SOURCE: HPEV, Inc.

January 17, 2012 09:13 ET

HPEV Plans to License Its Technologies in $48 Billion Market

LAS VEGAS, NV--(Marketwire - Jan 17, 2012) - Aiming for a slice of a $48 billion global market, HPEV, Inc. (OTCQB: BIBB) (PINKSHEETS: BIBB) plans to license one or more of its 7 patents or patents-pending to manufacturers of electric motors and generators.

The potential applications are immense. From pumps and fans to compressors and UPS systems, plane and ship engines to hybrids and electric vehicles, HPEV technology can make products more energy efficient, longer lasting and cost effective by reducing their operating temperatures.

The Company has reached agreement with one manufacturer and has ongoing discussions with other multi-nationals. If any of the proposed trials prove successful, the potential savings could justify initial licenses between $10 million and $50 million per license, plus subsequent royalties, depending on the application and impact on the manufacturer's product line.

"The licenses won't be limited to the electric motor and generator market," said Quentin Ponder, current president of HPEV and past president of 3 other electric motor companies. "Our thermal technologies can benefit any product that generates heat such as brake systems, wind turbines, computer processors, even automatic weapons."

In October, HPEV signed agreements with two racing teams to test the technologies in high performance brakes, rotors and calipers. If the tests succeed, it should provide an entrée not only into the racing circuit, but high performance vehicles of all kinds as well as aviation and heavy-duty commercial brake systems.

The reason for all the interest lies in the fact that HPEV's thermal technologies quickly transfer heat in any direction, even against the pull of gravity. They're effective in any shape or length and can be incorporated into any manufacturing process.

"Since our primary focus is on what should generate the greatest profits: the retrofits of internal combustion vehicles with our electric load assist," added Mr. Ponder, "it benefits our shareholders to sign licensing agreements with manufacturers who expressed an interest in our secondary technologies."

About HPEV, Inc.:
HPEV is a wholly-owned subsidiary of Z3 Enterprises, a Nevada corporation. HPEV technologies enable the conversion of any existing vehicle, whether pickup, bus or class 5 truck, into a plug-in hybrid electric vehicle for well under $40,000. For more information, visit www.hpevinc.com. Stock listing at (OTCQB: BIBB) (PINKSHEETS: BIBB).

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.

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