Hybrid Technologies Inc. Announces Major Lithium Fleet Acquisition by Fortune 500 Giant
Monday November 21, 12:12 am ET
Hybrid and Kokam Ltd., Korea, Announce Partnership, 26 Billion Dollar Corporation's Newest Vehicles to Utilize Kokam Lithium Polymer Batteries
NEW YORK & SEOUL, South Korea--(BUSINESS WIRE)--Nov. 21, 2005--Hybrid Technologies, Inc. (OTCBB:HYBT - News) www.hybridtechnologies.com - is pleased to announce that pursuant to executive meetings with one of America's largest and most profitable corporations a large acquisition for Hybrid lithium vehicles has been approved.
The vehicles will be part of a major fleet retro fit as corporate America is given directives to adapt fleets to convey "green policies" as well as to comply with federal mandates. The latest purchase involves a major marketing campaign; therefore, Hybrid Technologies will release a further press release outlining their latest corporate partnership.
As part of Hybrid's ongoing corporate fleet sales and marketing initiatives, the 26 billion dollar corporation has agreed to purchase and take delivery of the highly acclaimed lithium Mini Cooper model as well as the Daimler Chrysler Smart Car lithium version.
In related news the Chairman of Kokam corporation, one of the leading lithium battery suppliers in the world, as well as senior executives from the Korean based battery magnate executed a partnership in Los Angeles, California. The latest Kokam battery packs will be utilized in the corporate vehicles as part of the joint venture and technology partnership. Kokam will be sending senior engineers from Korea to Hybrid's development facility and plant in North Carolina to develop and implement the latest lithium system into the lithium vehicles.
Kokam Chairman and founder J.J. Hong stated: "We are very impressed by Hybrid's impressive growth and believe that their clients such as fortune 500 companies, automobile manufacturers and governments bring them into the forefront of the hybrid vehicle market. Hybrid Technologies is paving the way for corporations such as ours to highlight the latest in advanced lithium technology. We see this as a long and highly profitable relationship and we will support Hybrid 100% in all their endeavors."
About Kokam kokamamerica.com
About Hybrid Technologies 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.
Contact:
Hybrid Technologies, Inc.
(888) 669-1808
fax: (604) 688-1817
info@hybridtechnologies.com
www.hybridtechnologies.com
Source: Hybrid Technologies, Inc.
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