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EV Innovations, Inc. (OTCBB: EVII) Promising Results Achieved With Lithium Truck Highway Test Reaching 72MPH

^{Published on 2009-12-09 10:37:04 - Market Wire}
 

MOORESVILLE, NC--(Marketwire - December 9, 2009) - EV Innovations, Inc. (OTCBB: [ EVII ]) [ www.evinnovations.com ], 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium battery technology, is pleased to announce the engineering team has released its first all electric 13,000 lb. GVWR cab and chassis to the Test and Tune Department within EVII's Mooresville facility for further evaluation and tuning of the onboard systems to increase overall performance. Ron Cerven, Project Development Engineer, stated, "Initial testing using a full size steel service bed showed superior qualities in top speed, range and usable power." First delivery should take place December 2009.

"Being able to use all electric trucks for city driving, when compared with an average medium duty truck getting 8 miles per gallon, will create a carbon offset of 27.28 metric tons per year if driven 65 miles average per day and 41.97 metric tons per year with an average of 100 miles driven per day," says Dr. Sengupta, Director of the Battery Division at EV Innovations.

According to the US Bureau of Transit Statistics for 2006 there are 6,649,33 vehicles classified with 2 axles and 6 tires and 2,169,670 were classified as "Truck, combination." With fleet operators, tow truck companies and the Government committing to move to a "greener" less polluting form of propulsion, EVII is at the forefront of a multi billion dollar opportunity.

2010 will bring tougher emission standards for gas and diesel trucks to include CARB and EPA. The cost of upfitting existing vehicles is expected to add an additional $11-15,000 per vehicle to fleet budgets in order to meet new emission requirements.

To view pictures of the conversion please go to [ http://www.evinnovations.com/20091208 ].

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. 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.