Hybrid Technologies, Inc. Initiates Production of Lithium Yaris/Toyota Motor Corporation
Hybrid Engineers Select Top Selling Toyota (TMC) Yaris for 2008 Production Lineup; Market Leader Toyota Yaris All-Lithium Version Ready for 2008
RALEIGH, NORTH CAROLINA and TOKYO, JAPAN; Nov 19, 2007 -- Hybrid Technologies, Inc. (OTC BB:HYBT.OB - News) (www.hybridtechnologies.com), emerging leaders in the development and marketing of lithium-powered products worldwide, announces the production of beta models Toyota (TOYOTA MOTOR CORPORATION: TMC) Yaris as Mooresville plant gears up to produce all-lithium version of the Toyota produced compact sedan.
Toyota has been a recognized leader in the production of the gas/electric Hybrid vehicle for over 10 years and has sold over one million Hybrid units. "An all-lithium version of the Yaris seemed like a natural fit," stated Richard Griffiths, Strategic Development Consultant for Hybrid Technologies.
The Yaris was selected for production of an all-lithium version based on the following criteria:
-Body design and ergonomics
-Weight and size of vehicle
-Manufacture quality control
-Adaptation to electric drive system
-Consumer desirability
-Low entry-level unit cost (under $15,000 USD)
Holly Roseberry, President of Hybrid Technologies Inc., stated: "As Hybrid has a corporate mandate to keep our product line ahead of the market and technology curve, we are pleased to have the Toyota Yaris as a new venture for 2008. The Yaris embodies the key characteristics our Federal and private consumers demand. The all-lithium Yaris will clearly create a significant buzz once unveiled in 2008."
Hybrid Technologies originally developed a complete lithium system for the PT Cruiser as part of a Space Act Agreement with NASA; it's now one of the world's only production models of high-speed electric vehicles. Due to its size and production cost the Toyota Yaris will complement Hybrid's private and public sector offerings.