SOURCE: Li-ion Motors Corp.

January 24, 2012 07:00 ET

Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) Celebrates 4 Year Anniversary of Longest Running Lithium All Electric Vehicle Driven by a Consumer Anywhere in the World

MOORESVILLE, NC--(Marketwire - Jan 24, 2012) - Li-ion Motors Corp (OTCBB: LMCO) (FRANKFURT: LL9L), winner of the 2010 X-Prize using 21st Century Design & Engineering of emission-free, all electric, high speed, long range automotive propulsion systems using the latest lithium-ion battery technology, proudly reflects that in 2007 the "Once in a Lifetime" package with Li-ion Motors, Sam's Club and NASA was the first ever lithium all electric vehicle sold to a consumer. The car has been in use with normal driving, and now has over 27,500 miles by its very satisfied owner.

Branyon's reason for bidding on the package was because of his desire to see a space shuttle launch. "The car has proven to be a whole lot of fun. I didn't bid on the car because I thought it would be cheap transportation, but it has turned out to be that." Branyon identifies himself, "I'm a proud owner and a satisfied customer," calling the car his "Energizer Bunny."

He says the Li-ion Motors Car is his primary vehicle, using it daily to drive to work and everything else. Branyon has also stated, "I think the technology is amazingly good if you live in an urban area and do a lot of city driving."

He keeps it plugged in when not driving it, and says he hasn't seen any significant change in his electric bill, "I know it's not free but it feels like it is."

Further updates:

As previously reported, Li-ion Motors has been advised by the group in Israel that it has meetings set up with the Israeli MOT (Ministry of Transportation) to review the vehicle specification for importing the 1,000 vehicle conversions into Israel.

Li-ion's representatives in China have met with three perspective companies in Beijing regarding license of their technology for production in China. Further meetings are anticipated after the Chinese New Year.

Reflecting on other achievements, Li-ion Motors had the highest efficiency of any vehicle at the 2010 X-Prize competition and continues to develop its technology for even higher efficiency.

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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