Hybrid Technologies, Inc. (HYBR.OB) Recognized by Popular Mechanics as Potential Winner of the 2008 Automotive X Prize Competition
Hybrid Technologies, Inc. (HYBR.OB), an emerging leader in the development and marketing of lithium-powered products worldwide, was recently recognized by Popular Mechanics as “having a real shot of winning the X Prize” competition. Popular Mechanic’s Automotive X Prize, a $10 million competition to determine the most fuel-efficient cars in the world, evaluates entrants on six factors: technological feasibility, fuel economy, design, performance, price, and production reality. Popular Mechanics judges have test-driven three of Hybrid Technology’s all-electric vehicles - the roadster, a Mini Cooper and a motorcycle - and were impressed with each vehicle’s performance. The company’s new aerodynamic X Prize…