SOURCE: Hybrid Technologies, Inc.

January 29, 2007 07:30 ET

Hybrid Technologies Inc. (NASD OTCBB: HYBT) Set to Launch GT Version of L1X-75 All Carbon Fiber Lithium Supercar

Ferrari Killer Set to Show the World the Power of Lithium; Hybrid Set to Change the Face of Modern EV Sports Cars With the Newest Electric Stallion

LOS ANGELES, CA and NEW YORK, NY -- (MARKET WIRE) -- January 29, 2007 -- Hybrid Technologies, Inc. (OTCBB: HYBT) ( emerging leaders in the development and marketing of lithium powered products worldwide, has taken delivery of a specially designed, all carbon fiber version of the L1X-75. A joint venture with Mullen Motor Company has produced a significant advancement in the supercar arena with the launching of the L1X-75 GT.

Click here for L1X-75 Business Week Online article:

Click here for detailed press release:

Mullen was named by Forbes Magazine as the 7th fastest American production car, an honor shared with Saleen and Dodge Viper. The distinctive L1X-75 GT with its' combination of style, handling and performance makes it one of the most outstanding cars produced in the world today.

Hybrid Technologies, in conjunction with Mullen, has created a platform aimed at surpassing current electric sports cars with the use of a highly advanced battery management system, along with a proprietary battery balancing system. The L1X-75 GT incorporates safety elements that are presently incorporated into Hybrid's consumer products such as the New York City Taxi and the NASA Smart Car used at Kennedy Space Center.

The L1X-75 GT platform and carbon fiber body was produced in Los Angeles, CA while the propulsion system is being produced in Mooresville, NC.

At the time of press, Hybrid has announced an MSRP of $125,000 USD.

For an interview or a test drive with Hybrid Technologies Executives, please contact:

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About Mullen Motor Company:

Forward-Looking Statement

This press release may include 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 the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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