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Phoenix Motorcars Confirms Fleet Market Strategy and Announces First Demonstrations of Sports Utility Trucks

ONTARIO, Calif.--Phoenix Motorcars announced today that it remains focused on the fleet market, and following the installation and testing of the first Altairnano NanoSafe™ batteries last week, the first sports utility truck (SUT) is now ready for prospective customer demonstrations.

The first SUT will be demonstrated on road at the Alternative Car and Transportation Expo to be held in Santa Monica, California on December 9th and 10th. In the following week the vehicle will be taken to 3 fleet buyer sites for the first ride-in demonstrations.

“We have seen pent up demand for prospect demonstrations of our SUT from fleet buyers, and we are now ready to start these. We anticipate that following these demonstrations we will receive evaluation orders for vehicles prior to our SUTs being included as standard vehicles in fleets,” says Phoenix Motorcar CEO Daniel J. Elliott.

The company also confirmed that it remains focused on the fleet market as the initial target market. With over 200,000 fleet vehicles in California alone the market opportunity is huge and fleet operators are seeking freeway capable zero emission vehicles. Today the Phoenix SUT is the only viable all electric vehicle to meet all the specifications of State of California CARB Type III ZEV.

By focusing on fleet operators Phoenix can achieve rapid time to market while maintaining a reasonable cost structure because the vehicle requirements and finish are reasonably uniform, and fleet operators maintain their own maintenance and vehicle charging infrastructure.

ABOUT PHOENIX MOTORCARS, INC.

Phoenix Motorcars Inc., headquartered in Ontario, California, 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. For additional information visit: www.phoenixmotorcars.com.