SOURCE: Phoenix Motorcars

February 22, 2007 10:00 ET

Phoenix Motorcars' CEO to Speak at Global Equities Conference

ONTARIO, CA -- (MARKET WIRE) -- February 22, 2007 -- Phoenix Motorcars' CEO, Daniel J. Elliott, will be presenting at the 2007 Freidland Investment Events' Global Equities Conference about the company's position as an industry leader in the development of battery-electric, zero-emission, freeway-speed vehicles.

Elliott will give a corporate overview during the investor conference's morning session on February 26, 2007 at the Rio Suite Hotel and Casino in Las Vegas. The Global Equities Conference will include panel discussions and formal presentations and is open to members of the financial community including brokers, fund managers, investment bankers and senior management of publicly held and privately held companies.

Phoenix Motorcars continues to receive fleet orders for its new zero-emission, five-passenger sport utility truck (SUT) from public utilities, public transportation providers and delivery services. Phoenix Motorcars is on target to manufacture and sell 500 fleet-ready vehicles by year's end and expects to expand production to approximately 6,000 in 2008. A limited number of vehicles will be available to consumers in 2007 with an expanded consumer launch scheduled for 2008. Phoenix Motorcars will also introduce an SUV model in late 2007.

The Phoenix Motorcars SUT can easily travel at freeway-speeds while carrying five passengers and a full payload. The SUT exceeds all specifications for a Type III ZEV, having a driving range of over 100 miles, can be recharged in less than 10 minutes and has a battery pack with a life of 12 years or more. It is powered by UQM Technologies' (AMEX: UQM) propulsion system, utilizes Boshart Engineering's homologation process and is equipped with a non-toxic, revolutionary Altairnano NanoSafe™ (NASDAQ: ALTI) all-battery pack.

ABOUT PHOENIX MOTORCARS INC.

Phoenix Motorcars Inc., a privately held company headquartered in Ontario, Calif., has been an industry leader in the development of battery-electric, freeway-speed vehicles since 2001. The mission of Phoenix Motorcars is to manufacture zero-emission vehicles including Sport Utility Trucks and Sport Utility Vehicles to reduce the toxic emissions from the largest contributor to air pollution, personal automobiles. Phoenix Motorcars has strategic alliances with UQM Technologies (AMEX: UQM), Altair Nanotechnologies, Inc. (NASDAQ: ALTI) and Boshart Engineering. For additional information, visit www.phoenixmotorcars.com.

Contact Information

  • Agency Contact:
    Hillary Williams-Angel
    E-mail: Email Contact
    Phone: (909) 625-2225 x23