HPEV Hybrid Conversions to Feature Inverom's Hybrid Electronic Controls Architecture and Touch Screen Center Console
March 15 2012 - 9:18AM
Marketwired
HPEV, Inc. (PINKSHEETS: BIBB) (OTCQB: BIBB) has chosen world leader
Inverom to engineer and produce the battery management, hybrid
vehicle control modules and center console for HPEV's electric load
assist technology. The modules will be incorporated into HPEV's
initial hybrid conversion, a Ford F350 dually, as well as in all
subsequent conversions to be performed by fleet owners and
commercial dealers around the world. In addition to electric load
assist, this conversion kit also gives all such equipped vehicles
the capacity to perform as remote generators, supplying electric
power to the job site or wherever needed.
The control modules will interact with existing vehicle features
as well as HPEV technologies. Simply touching a screen will give
drivers complete control over HPEV's electric load assist,
regulating the additional power delivered to the drive train and
enabling vehicles to operate at maximum efficiency. The load assist
technology takes advantage of the company's patent-pending parallel
vehicle platform which enables any vehicle to operate using two
forms of energy and HPEV's thermal technology which enables
electric motors to generate up to 40% more power than any other
motor of equivalent size on the market.
"HPEV's parallel vehicle platform will be implemented first in
class 3 to class 5 style platforms. HPEV's technology is adaptable
to any vehicle and any two forms of energy whether hydrogen,
electricity, natural gas or other fossil fuels. We have the makings
of a generational plug-in hybrid conversion technology," said Tim
Hassett, chairman and co-founder of HPEV. "As a result, there was
one choice for cutting edge control modules: Inverom."
"HPEV's innovative technical solution is a great option for the
heavy duty vehicle market," said Roman Kuropas, Owner and CEO of
Inverom. "The electric drive assist and extended range technology
reduces the overall cost of ownership and significantly lowers
carbon emissions which makes this project compelling to be a part
of."
"This is one of the most interesting projects that our team is
currently working on and we are expecting great results," noted
Pier Paolo Masutto, director of engineering. "Designing a hybrid
electric vehicle would normally require 2-3 years, but thanks to
HPEV's unique and innovative approach we expect to have a fully
functioning demo after only 6 months."
Once the initial commercialization conversion is complete, the
vehicles should deliver -- under full load, full passenger and a
full-duty cycle -- from 5 gallons equivalent of fuel on the class 3
style vehicles to 10 gallons equivalent of fuel on class 5 style
vehicles.
"HPEV's technology is truly green since we are using foam-based,
lead acid battery technology that's 99% recyclable," said Hassett .
"If and when lithium-ion ever becomes safe and cost effective,
we'll use it. Until then, lithium-ion doesn't make sense. It takes
1,000 pounds of Li-ion to do the work of 1.5 gallons of fuel."
"We expect the initial commercialization to demonstrate the
environmental benefits of our hybrid conversion by enabling heavy
duty trucks to exceed 2030 CAFÉ' standards right now," continued
Hassett. "This demonstration will prove the obvious economic
benefits from significant fuel savings. Commercial adoption of our
technology will also benefit from a short term breakeven point for
return on investment, thanks to our strict control of costs and
utilization of existing technologies."
HPEV expects to provide a live demonstration of its initial
conversion in the summer of 2012. In the meantime, both companies
see advantages to sharing the expertise and technologies each
provides. As a result, they are exploring the formation of a deeper
relationship beginning with the signing of mutual NDAs.
About Inverom Corporation: Inverom combines proven, advanced
technical capabilities and expertise in vehicle integration and
deployment. Inverom provides user interface, battery management and
control solutions that deliver innovation, reliability and speed to
market for their customers. Inverom is dedicated to serving the
electronic and electrohydraulic needs of leading automotive,
agriculture, construction, bus and truck OEM's.
www.inverom.com.
About HPEV, Inc.: HPEV is a wholly-owned subsidiary of Z3
Enterprises, Inc. HPEV technologies enable the conversion of
existing vehicles into plug-in hybrid electric vehicles. HPEV's
composite heat pipes quickly transfer thermal energy in any
direction, even against the pull of gravity. www.hpevinc.com.
Safe Harbor Statement. This release contains 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 plans and expectations of management
and are subject to uncertainties and risks that could affect the
company's plans and expectations, as well as results of operations
and financial condition. A listing of risk factors that may affect
the company's business prospects and cause results to differ from
those described in the forward-looking statements can be found in
company reports and documents filed with the Securities and
Exchange Commission. The company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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Investor Relations: Capital Group Communications, Inc. Mark
Bernhard mark@cgcone.com Mark Gundy markgundy@gmail.com
415-332-7200