Global Green Cars showcasing electric car, giving test drives
While the car they're bringing to the track is a Geo Metro electric conversion (pictured above), the vehicle that the company is hoping in build an assembly plant for is actually a light truck. They have sourced a commercial lightweight extended cab pickup from China that tips the scales at just 1,980 lbs and yet has a 1,760 payload capacity. They envision that, as a plug-in electric, it will be capable of speeds of over 70 mph and stress that it will not be a NEV. Of course, they are familiar with crash-testing requirements since they performed them in the '90s when a former incarnation of the company was converting Ford Rangers and, surprise, Geo Metros. Their battery chemistry of choice will be lead acid with which they expect to get up to 70 miles of range but say they may also install more expensive batteries of the customer's choice that could yield up to 200 miles of black top travel. It is interesting to note that the Global Green Cars vice president of engineering is physicist Brooks Agnew, who is not only related to the 39th American Vice President Spiro Agnew, but also the man behind a planned North Pole Inner Earth expedition. Press release after the break.
[Source: Green Star Products Inc]
Green Star Products Announces Kentucky Electric Car Demonstration for Legislators and Media
Electric Car Demo Drive to be Held on April 14 at Corbin Motor Speedway
FRANKFORT, Ky.--(BUSINESS WIRE)--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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