SOURCE: Hybrid Technologies, Inc.

March 06, 2007 07:30 ET

Hybrid Technologies, Inc. (OTCBB: HYBT) First to Receive Medallion for All Lithium PT Cruiser Taxi That Hits the Streets of Manhattan With Outstanding Results

NEW YORK, NY -- (MARKET WIRE) -- March 6, 2007 -- Hybrid Technologies, Inc. (OTCBB: HYBT), emerging leaders in the development and marketing of lithium powered products worldwide are pleased to announce that the world's first all lithium taxi is in full service in New York City.

To see the taxi in service:

With over 12,000 medallion taxi cabs in New York, Hybrid Technologies chose New York as its inaugural location. The long range, highway speed lithium full-sized passenger vehicle has won over the toughest of critics, including the general public. City Hall has requested more taxis, and a significant interest from medallion owners looking to benefit from reduced medallion fees, federal / state emissions initiatives and grants.

Hybrid placed the vehicle into service following unanimous approval from the City of New York Taxi and Limousine Commission under Article 14. The taxi has received acclaim from media, the public and President George W. Bush during the initial days of its operation.

Hybrid Technologies is fully prepared and capable of retrofitting most of the fleet of taxis in New York. The process will begin by working with local and state government to bring additional incentives to fleet owners and owner operators within the city of New York.

Hybrid President, Holly Roseberry, stated: "The introduction of our lithium taxi into service in New York City is a major step forward and a victory for the automotive industry, the city of New York, its residents and for the American public in general. We are showing that not only is a solution possible, it is a reality. As the taxis serve New York it will serve as a testimony of American innovation and willingness to accept this technology."

About Hybrid Technologies:

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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