SOURCE: Nemo Motors Corp.

August 12, 2009 09:00 ET

Nemo Motors With Energy 1 and Hilbroy Advisory to Launch New Prototype Racing Program

REDWOOD CITY, CA--(Marketwire - August 12, 2009) - Nemo Motors Corporation (PINKSHEETS: NMOC) announced today it is partnering with Energy 1 Corp. (PINKSHEETS: EGOC) and Hilbroy Advisory Inc. in the launch of a new prototype racing program.

The new prototype racing program will feature both the Energy 1 technology to power the race cars and the Nemo Motors black box technology and control systems and will be sponsored by Hilbroy Advisory and ITSALLBULL.NET. The experimental prototype race car program will test the endurance and reliability of the electrical technology in order to eventually release a consumer version, which will allow long-range autonomy. The program will benefit from the sponsorship of Hilbroy Advisory and Itsallbull.NET and a total budget of $2,500,000 or $500,000 per year for the next 5 years.

"We look forward to our first track trials scheduled for the Fall of this year," said Ian Morrice, President of Nemo Motors Corp. "The automotive industry has embraced racing competition such as formula one and Le Mans to both test and push technology limits before releasing new products to the consumer market, no organized venue was available for electric vehicles outside of inter University challenges and we are proud to pioneer the way on the public side," further added Mr. Morrice.

About Nemo Motors Corporation

Nemo Motors is a manufacturer of electric utility vehicles with a current assembly line capacity of 10,000 vehicles per year. Nemo Motors has a strong competent and specialized team of professionals in the areas of production, engineering, marketing and consumer services.

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