PRLog (Press Release) –
Jun 10, 2009 – The safest, lowest cost, longest range electric vehicle ever created.
SAN FRANCISCO, Calif. Imagine a car door that is entirely safe, even bullet proof, yet, while made of nano-tech fabric, can withstand crashes by a Hummer® without a care, a door that weighs a mere whisper of its steel counterpart thus allowing dramatic range capability, costs a fraction of traditional manufacturing methods, takes significantly less time to manufacture and may be the “killer app” for electric cars… This is the door that XP Vehicles, Inc. is booking media demos for. Watch for broadcasts detailing this unique technology on the web and television shortly. An “old school” steel door and it’s XP counterpart will perform in side by side shoot-outs including a real “shoot-out” conducted by SWAT officers with an AK-47 assault rifle. XP points out that the traditional steel door will “break your foot” while you examine it and will not damp out the impact of a crash and it’s mass will increase the dynamics of the crash while the XP door is lightweight and ultra tolerant in a “force incident”.
XP Vehicles, one of the first U.S. Department of Energy, Section 136, AVTM loan applicants to receive notification that their application has been considered substantially complete, announced the scheduling of showcase media opportunities for the demos of their proprietary electric car components.
The company applied for a commercial $40M Department of Energy “ATVM” loan at the beginning of November 2008 and has been in extensive due diligence review by the U.S Government for the last seven months. Energy Secretary Chu has ordered funds from the program to be dispersed “as fast as possible”. XP Vehicles expects finalization soon and has also applied for additional loan and grant opportunities and is currently negotiating with investor opportunities.
Since early 2009, XP Vehicles has a standing challenge to every other electric car company to beat its metrics. To date, no other electric vehicle company has accepted the challenge. The XP Vehicles MUV (Mini Utility Vehicle) is targeted at a $20,000.00 base price.
For more information on XP Vehicles, please visit www.myxpcar.com.
About XP Vehicles, Inc.
In development by Clever Industries LLC for nearly a dozen years, with millions of dollars in resources already invested, spin-out XP Vehicles, Inc., is on a mission is to develop the safest, most affordable vehicle with the lowest total cost of operation (TCO) and the best power-to-weight ratio powered by alternative energy. The company’s founders have extensive industry experience in automotive design, automotive operations, lean manufacturing, new materials, startups and fund raising. The company is seeking to enter the market with the "vehicles of change™” offering hope for the new auto industry and the economy as a whole and is committed to establishing as many American jobs as possible, as soon as possible.
About the ATVM Program
The Advanced Technology Vehicle Manufacturing Incentive Program (ATVM) was established under Section 136 of the Energy Independence and Security Act of 2007 and administered by the Department of Energy (DOE). The ATVM is an incentive program which provides loans and grants to automobile and automobile part manufacturers for the cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for associated engineering integration costs.
Paul Andrews
XP Vehicles Inc.
1-510-868-2862, Ext. 3
contact@myxpcar.com
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