SOURCE: Hybrid Technologies, Inc.

May 02, 2008 16:08 ET

Hybrid Technologies, Inc. (OTCBB: HYBR) Popular Mechanics Experts Report Hybrid Technologies to "Have a Real Shot of Winning the X Prize" Competition

Hybrid Technologies' Real-World Experience With All Electric Vehicles Positions X Prize Entry a Top Contender as Reported by Popular Mechanics

MOORESVILLE, NC--(Marketwire - May 2, 2008) - Hybrid Technologies, Inc. (OTCBB: HYBR), emerging leader in the development and marketing of lithium-powered products worldwide, is proud to have Popular Mechanics include their newest startup lithium powered sports car as "having a real shot of winning the X Prize" competition.

Click here for to view the Popular Mechanics article:

Hybrid's new aerodynamic X Prize vehicle is under development at the Mooresville facility and will be engineered for speeds of 175-mph and targeted drive ranges of 300-miles per charge.

Popular Mechanics has test driven three of Hybrid's all-electric vehicles -- the RUSH sports car, the DASH version of the Mini Cooper and their RYDER chopper -- walking away from each "very impressed."

X Prize Foundation analyzed 64 entrants based on six factors -- technology feasibility, fuel economy, design, performance, price and production reality.

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.

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