Green Star Products, Inc. (OTC:GSPI), along with its global auto
industry partners, announced today their strategic plans to build
and assemble electric vehicles in the United States.
In 1994, Michael O. Leavitt, Governor of Utah 1993-2003 (also
former U.S. EPA Administrator 2003-2005 and U.S. Secretary of
Health and Human Services 2005-2009), declared a Zero Emissions Day
in Utah and presented Joseph LaStella with an honorary plaque for
his company's contribution to electric vehicles. That same day,
Governor Leavitt requested to personally test drive Mr. LaStella's
high-performance production electric vehicle around Salt Lake City
with Mr. LaStella as a passenger and the Governor's limousine
following the car. At the same time, four other GSPI electric
vehicles chauffeured Capitol Hill assembly members around town.
The high performance production electric car driven by former
Governor Leavitt will be showcased and test driven at the Rocky
Mountain Raceways 6555 W 2100 S, West Valley City, UT 84128, (801)
252-9557 on Monday April 6th, 2009, from 10 AM to 1 PM. Those who
want to register for a free test drive should request so by sending
an email to info@GreenStarUSA.com.
During the years 1992 through 1998, Green Star Products, Inc.
(OTC:GSPI)(formerly Battery Automated Technology (BAT)
International, Inc.) was engaged in electric vehicle production.
During that period, GSPI built electric cars off their assembly
lines which set many world records that still stand today. These
cars and trucks are still rated as some of the finest performing
electric vehicles being tested today. GSPI vehicles were tested by
the U.S. government and were also crash tested (see crash test
video at GreenStarUSA.com).
However, GSPI did not pursue the electric vehicle beyond 1998
because California's electric car mandates failed and were defeated
by Detroit in federal court and the electric car market did not
materialize. Green Star Products went on to be a leader in the
Biorefinery Industry, which includes Biodiesel Production, Algae
Production and Cellulosic Ethanol Production � and remains to this
date as our core business.
The electric vehicles that are needed today are those that will
replace the most high polluting vehicles in use today. Those
vehicles are in-city, slow moving, stop-and-go delivery vehicles
which do not travel more than 35 miles per day and pollute more
than any other vehicle on a per mile basis.
U.S. Department of Transportation states that in 2006, U.S.
workers commuted to work on average only 25 minutes; that U.S.
highways are only used by vehicles with an average of 27.58 miles
per day per capita; and the daily vehicle miles of travel per
capita of the 30 largest urbanized areas have a range from 14.0
miles/day/capita (San Juan, PR) to 36.0 miles/day/capita (Huston,
TX).
Electric vehicles are ideal for today's city traffic where most
of the population commutes � they do not waste energy while not
moving at a stop light or slow traffic; electric motors are more
efficient than similar internal combustion engines; and they do not
pollute in high traffic areas where pollution control is critical
to air quality.
Therefore, GSPI's plan is to build an assembly plant that will
produce electric vehicles to meet that market using an improved,
inexpensive, high-performance technology similar to the one used in
GSPI's electric vehicle production era combined with strategic
support from global auto industry companies.
GSPI determined that it needed an inexpensive, lightweight truck
that can carry a significant amount of weight. Green Star decided
on a commercial lightweight vehicle built in China that, even with
an extended cab, weighs only 1,980 pounds (900 Kg) and has a
carrying capacity of 1,760 pounds (800 Kg), which is almost its own
weight.
Green Star has been successfully negotiating with Chinese
companies to be our partners. GSPI's Vice President of
International Projects, Michael Hu, was born in China, speaks
fluent Chinese and is heading the negotiations with China. GSPI has
set up a Consortium Auto Company called Global Green Cars to
organize the variety of companies and industry talents required to
start up and operate an electric vehicle assembly line. The plans
include bringing Chinese engineers as consultants to set up the
production line in the U.S., however, this is only the first step
in bringing these vehicles to the United States. Mr. Hu has
confirmed the signing of a Letter of Intent from a Design
Institution in China that designed the assembly line equipment for
other major automobile companies. This Design Institution has
already forwarded their design layout for Global Green Cars at
30,000 vehicles per year.
GSPI has also arranged for California Environmental Engineering
(CEE) and their subsidiary company G & K Automotive Conversions
to support the conversion of Chinese vehicles to U.S. Standards. G
& K was responsible for converting the Smart CarTM to conform
to American safety standards and be drivable on American roads. G
& K Automotive converted over 3,000 Smart Cars to American
standards four years before Mercedes Benz was able to get them
approved in the United States.
Brooks Agnew, PhD, GSPI's Vice President of Engineering, has
extensive experience with several automobile companies including
Nissan, Isuzu, Subaru, Honda, Toyota, General Motors,
Daimler-Chrysler, Volkswagen and Ford Motor Company. Mr. Agnew was
responsible for moving production facilities in the United States
and abroad, and is very well versed with production lines and
availability of parts.
Brooks Agnew, along with Michael Hu, will lead the Global Green
Cars auto team in the United States.
It is planned that the plug-in GGC electric vehicles will be
produced as full electric vehicles (full EV) to be legally used on
freeways and highways with speed capabilities of +70 mph. The
consumer should distinguish these full electric vehicles (EV) from
neighborhood electric vehicles (NEV) which are limited to speeds of
25 mph.
The normal driving cost for the GGC electric vehicles will be
equivalent to +100 miles per gallon gasoline powered vehicles
(based on $0.10/kWh electricity purchase and $2.00/gallon gasoline
purchase).
Vehicle prices start at $20,000 dollars and will probably
qualify for significant government rebates. At the present time,
and with the help of our major Chinese automobile partners, there
are no competitors for this type of vehicle at this price range in
the United States.
The plug-in GGC electric vehicles will be offered with a variety
of battery packs to include lead-acid packs with a range of 50 to
70 miles per charge, or more expensive batteries, at customer's
choice, with ranges of up to 200 miles per charge. The GGC electric
vehicles will also be sold with the option of being hybrid
vehicles. The hybrid option would provide a means of extending the
range of the vehicle during daytime use. The hybrid option could
double the range of the vehicle within an 8 hour daytime usage
delivery period, depending on driving conditions and driver's
driving habits.
Recently on Mach 19, 2009, the U.S. Department of Energy (DOE)
released a request for proposals (RFP) which includes the
production of electric vehicles. The DOE will administer $6.8
billion dollars to an estimated 56 companies. Green Star Products,
together with Global Green Cars and its automobile Consortium, will
participate in this RFP.
Green Star Products, Inc. (OTC:GSPI) is an environmentally
friendly company dedicated to creating innovative, cost-effective
products to improve the quality of life and clean up the
environment. Green Star Products and its Consortium are involved in
the production of green sustainable goods including renewable
resources like algae biodiesel and clean-burning biofuels,
cellulosic ethanol and other products, as well as lubricants,
additives and devices that reduce emissions and improve fuel
economy in vehicles, machinery and power plants. For more
information, see Green Star Products' Web site at
http://www.GreenStarUSA.com, or call Public Relations at
1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email
info@GreenStarUSA.com. Information about trading prices and volume
can be obtained at several Internet sites, including
http://www.pinksheets.com, http://www.bloomberg.com and
http://www.bigcharts.com under the ticker symbol "GSPI".
Forward-looking statements in the release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition for the company, new
products and technological changes, the company's dependence on
third-party suppliers, and other risks detailed from time to time
in the company's periodic filings with the Securities and Exchange
Commission.
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