SOURCE: Li-ion Motors Corp.

March 18, 2011 16:23 ET

Li-ion Motors Corp. Provides (OTCBB: LMCO) (FRANKFURT: LL9L) in Depth Video of the World's Fastest Electric Supercar, the Inizio

MOORESVILLE, NC--(Marketwire - March 18, 2011) - 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, provides you with an inside look at the features behind the world's fastest 100% electric supercar. With details of why the Inizio is not only the world's fastest electric supercar but also engineering features that make it even more exciting than any other supercar in the world.

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With never before seen video of the Inizio in action, Paul Daigrepont, project manager for the Inizio, and Joe Berardi, engineering manager discuss the specs, performance, instant torque, components and systems that separate this sleek, wide-bodied supercar from everything else out there.

"It's got a 114-inch wheel-base and a 78-inch wide footprint which makes it handle like an F1 car," says Daigrepont, adding that the 600 kw motor is equivalent to about 800 hp.

"No other company has developed a high-performance car like this from the ground up," says Li-ion Motors CEO Stacey Fling. "The Inizio showcases not only our superior battery management system and powertrain but also our eye for design and appreciation for the art of the automobile."

"Everything else is a conversion."

That's not a knock on conversions, says Fling, noting that Li-ion Motors has been successfully converting gas powered cars and trucks to electric for ten years. That experience helped the company develop the proprietary technology that drove the Wave II to winning the Progressive Insurance Automotive X Prize last September, achieving a remarkable 202.5 MPGe (miles per gallon equivalent) on the dyno at the U.S. Dept. of Energy's Argonne National Laboratory and averaging 187 MPGe for the competition.

About Li-ion Motors Corp.: (OTCBB: LMCO) (FRANKFURT: LL9L), headquartered in Mooresville, NC with corporate offices in Las Vegas, NV, is a leading developer and manufacturer of electric powered automobiles including the WAVE II and the Inizio.

Previously known as Hybrid Technologies, the company has more than ten years' experience and expertise in the conversion of internal combustion cars to all electric for both individual and corporate customers as well as government agencies such as NASA.

The company won the Progressive Automotive X Prize in 2010 for its WAVE II, which came with a $2.5 million (USD) award. During the X Prize competition, the WAVE II, whose electric motor is powered by lithium-ion batteries governed by a proprietary battery management system (BMS), was certified by the Argonne National Laboratory at 202.5 MPGe (miles per gallon equivalent).

The Inizio is the world's first 100% electric supercar, capable of 170 mph and acceleration from 0-60 mph in up to 3.4 seconds. Both vehicles are moving into production for consumer sales in 2011.

Along with the production of original vehicles, the company licenses its proprietary BMS and technology to automobile manufacturers seeking to advance their electric vehicle offerings.

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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