SOURCE: Hybrid Technologies, Inc.

December 02, 2005 14:45 ET

Hybrid Technologies Inc. (OTC BB: HYBT) Announces Major Lithium Fleet Acquisition by Frito Lay, a PepsiCo Company; Joint Marketing and Public Relations Partnership Established

Hybrid Technologies Produced Lithium Smart Cars, R-Bikes and Solar Racer Find a New Home at Frito Lay's World Headquarters, Plano, Texas

NEW YORK, NY and SEOUL, SOUTH KOREA -- (MARKET WIRE) -- December 2, 2005 -- Hybrid Technologies, Inc. (OTC BB: HYBT) is pleased to announce that pursuant to executive meetings at Frito Lay's world headquarters a preliminary joint marketing venture and principle acquisition of Hybrid Technologies' lithium vehicles has been approved by Frito Lay. Furthering Hybrid's ongoing corporate fleet sales and marketing initiatives, Frito Lay has agreed to purchase and take delivery of the highly acclaimed lithium Mini Cooper model as well as the Daimler Chrysler Smart Car lithium version.

The vehicles will be part of Frito Lay's rapidly expanding Hybrid fleet and the multinational corporation's commitment to "green philosophy" as well as its well known philosophy of working with the latest in American technology.

Holly Roseberry, president of Hybrid Technologies, stated, "The combination of Frito Lay working with Hybrid with the acquisition of our vehicles and our new partnership with Kokam batteries ensures that the latest and most advanced technology will be implemented into these vehicles. We are very proud to be working with Frito Lay, an American corporate giant, and feel that their advanced philosophy matches perfectly with Hybrid's governing principle, which is smarter use of technology today for a better tomorrow."

The first Frito Lay vehicles are scheduled for delivery by Q1 2006.

About Frito Lay

Frito-Lay is the $10 billion convenient food division of PepsiCo, which is based in Purchase, NY.

About Kokam

About Hybrid Technologies

Hybrid Technologies Inc. (OTC BB: HYBT) is an emerging leader in the development and marketing of lithium powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. As current legislation moves towards clean energy, we foresee this industry as one of the fastest growing segments within the global economy. Hybrid Technologies' applications encompass a variety of products used globally on a daily basis: everything from scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military applications and many other essential products have been successfully converted to lithium power.

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.

Contact Information

  • For additional information, please contact:
    Hybrid Technologies
    Telephone (888) 669-1808
    Fax: (604) 688-1817