Hybrid Technologies, Inc.
OTC Bulletin Board : HYBT

Hybrid Technologies, Inc.

November 16, 2006 07:30 ET

Hybrid Technologies Inc. 'OTCBB: HYBT' and IEG ink MOU Agreement Set to Revolutionize United Arab Emirates Transportation Sector

WASHINGTON, DISTRICT OF COLUMBIA and DUBAI, UNITED ARAB EMIRATES--(CCNMatthews - Nov. 16, 2006) - Hybrid Technologies, Inc. (OTCBB:HYBT) (www.hybridtechnologies.com), emerging leaders in the development and marketing of lithium powered products worldwide is pleased to announce that International Energy Group (IEG) (www.IEG.com), the region's first international energy alliance to promote advanced energy technologies, announced a Memorandum of Understanding (MOU) with Hybrid Technologies, Inc., emerging leaders in the development and marketing of lithium powered products worldwide. The multi stage MOU has been executed leading to a joint venture with the aim to bring Hybrid produced lithium vehicles to the region as part of its international market strategy in alliance with IEG.

"We are glad to introduce Hybrid Technologies' products to the UAE and the regions Green cars are a commercial reality today and we are determined to drive this reality forward by encouraging technical collaboration among our alliance members and forging new partnerships with pioneers in energy engineering and technology innovations like Hybrid Technologies," said Zeyad Al Majed, General Manager, IEG. "The UAE is an ideal start point for our partners to reach out for a region that thrives on new eco-friendly technologies and faces environmental challenges," he added.

Lithium powered cars' operating range reaches approximately 200 kilometers and then the battery has to be recharged for about six hours. "There is a great potential for lithium powered cars today in the UAE with substantial new neighborhood developments and the increased awareness among motorist of the air pollution challenges," said Zeyad Almajed.

Click here to view extended Press Release: http://www.hybridtechnologies.com/media.php?mediaID=061116

About IEG - www.IEG.com

About Hybrid Technologies: www.hybridtechnologies.com

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