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June 2006

Hybrid Technologies launches new lithium taxis

New York, NY— Hybrid Technologies announced that, pursuant to negotiations with the New York City Taxi and Limousine Commission (TLC), Hybrid Technologies will build a taxi version of the lithium PT Cruiser.

Once approved, the taxi will be in regular service operated by a fleet. It will mark a historic change in the current fleet of more than 12,778 medallion taxicabs. The TLC licenses and regulates approximately 100,000 drivers.

Hybrid Technologies is currently producing lithium PT Cruisers to service as taxi units for Paratransit, a large California-based transportation non-profit.

The taxi version of the L-PT Cruiser will be produced in Mooresville, North Carolina and will be tested at the development facility.

The Taxi Commission will vote on this project at a scheduled commission meeting.

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