Green Star Products, Inc. (OTC:GSPI), along with its global auto
industry partners, announced today their Kentucky electric vehicle
demonstration event and strategic plans to build and assemble
electric vehicles in the United States.
Green Star Products with its consortium partner, Global Green
Cars, Inc., has chosen the State of Kentucky for its demonstration
because this state has exhibited interest in being the electric
vehicle capital of the United States. Global Green Cars has already
identified a potentially suitable Kentucky site for its electric
vehicle assembly plant.
The high performance production electric car will be showcased
and test driven at the Corbin Motor Speedway in Corbin, Kentucky,
on Tuesday, April 14th, 2009, from 10 AM to 1 PM. The Corbin
Speedway is located approximately 3.5 miles west of Interstate-75
Exit 25 on U.S. Highway 25W, (606) 526-8899. The track is a 1/4
mile slightly banked asphalt oval. 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 intra-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 (Houston,
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 light weight 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.
The Chinese delivery truck is a durable tough vehicle, for
example, the Ford Ranger truck can only carry a load approximately
40% of its own curb vehicle weight, the Chinese truck can carry
almost 100% of its own curb weight.
Green Star converted many new Ford Ranger trucks (NYSE:F) to
electric drive in the mid-1990s. In fact, a GSPI Ranger electric
truck was the first electric truck and production electric vehicle
to successfully climb Pikes Peak in June 1993. The 1993
demonstration run was covered by Channel 11 News, where the
cameraman rode in the bed of the electric Ford Ranger.
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 (full 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 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 the 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 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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