Hybrid Technologies 'OTCBB:HYBT' 20% Stock Dividend-Update

LAS VEGAS--Aug. 2, 2005--Hybrid Technologies Inc. (OTCBB:HYBT) - www.hybridtechnologies.com - and its subsidiary companies: R-Electric Car Co., Global Hybrid Corp., Solium Power Corp., and WhistlerTel - emerging leaders in the development and marketing of Lithium-powered and VoIP products worldwide is pleased to announce that further to its news release dated March 16, 2005, announcing the 20% annual stock dividend, the second 5% installment of the stock dividend is scheduled for owners of record as at August 31st, 2005.

Holly Roseberry, President, commented, "We are extremely pleased to be able to reward our shareholders with this second installment. Once it's paid, the Company will have provided a 20% dividend for the year to date."

The third and fourth installments, consisting of another 5% stock dividend each, will be paid to shareholders of record at November 30, 2005, and, February 28, 2006, respectively.

About Hybrid Technologies - www.hybridtechnologies.com

Hybrid Technologies Inc. (OTCBB:HYBT) is an emerging leader in the development and marketing of Lithium powered products worldwide. We believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. As current legislation moves towards clean energy, we foresee this industry as one of the fastest growing segments within the global economy. Hybrid Technologies' applications encompass a variety of products used globally on a daily basis, while enabling consumers to enjoy the comfort and power to which they are accustomed. Everything from scooters, bicycles, mopeds motorcycles, small vehicles, watercraft, military applications and many other essential products have been successfully converted to Lithium power. The combination of our superior technology and mass-marketed products creates a unique market opportunity for our Company.

Forward-Looking Statements

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 materially from those anticipated or implied in the forward-looking statements.

Hybrid Technologies, Inc. (OTC Bulletin Board:HYBT)