Mullen GT to go all-electric at NY auto show

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Mullen Motors has entered into a joint venture with Hybrid Technologies to produce an all-EV version of its Mullen GT. The GT
is normally powered by a Corvette V8 engine, but this version will get its go-juice from a pack of lithium-ion
batteries. The “Carbon Fiber Super Car” is said to match the performance of its gas-powered counterpart,
with a top speed of 180 mph and a trip to sixty in a smidge over three seconds.

The price of the
all-electric Mullen GT at approximately $124,900 is well above, however, the price of a conventional turnkey GT, which
goes for around $70,000. Hybrid Technologies and Mullen will be showing off the electric supercar in April at the New
York auto show, of which we’ll, of course, have full coverage.

[Follow the jump for more pics of the
standard Mullen GT and Hybrid Technologies’ full press release]

[Source: Hybrid Technologies and GreenCarCongress]

HYBRID TECHNOLOGIES INC. (NASD: OTCBB: HYBT) ANNOUNCES JOINT MANUFACTURING TO PRODUCE
LITHIUM POWERS SUPERCAR WITH MULLEN MOTORS, ONE OF AMERICA’S FASTEST AUTOMOTIVE MANUFACTURER.

THE
CARBON FIBER SUPERCAR IS SCHEDULED TO BE UNVEILED AT THE NEW YORK AUTO SHOW APRIL 14TH TO THE 23rd.

LOS
ANGELES, CA / NEW YORK, NY – February 13th, 2006 – Hybrid Technologies, Inc. (NASD OTCBB: HYBT – News) Hybrid
Technologies.com, emerging leaders in the development and marketing of lithium-powered products worldwide has executed
a joint venture agreement with premier sports car manufacturer Mullen motors, a Los Angeles based high-end exotic
sports car manufacturer. (www.mullenmotorco.com)

Mullen was named by Forbes magazine as the 7th fastest
American production car, an honor shared with Saleen and Dodge Viper. The distinctive GT with its combination of style,
handling and performance makes it one of the most outstanding cars produced in the world today.

Hybrid will
be taking orders for The Carbon Fiber Super Car at The 2006 New York International Auto Show at booth #4240. The
performance of the emissions-free Caron Fiber Super Car will match the current GT model which has a weight ratio of
approximately 2000 pounds with a top speed of 180 mph and a outstanding 0-60 mph in just over 3 seconds.

The relationship with Hybrid Technologies and Mullen Motors provides Hybrid Technologies with a superlative vehicle in
which to incorporate the latest in hybrid and lithium technologies. The vehicle will be unveiled to international
automotive press/media as well as the public during the first day of the acclaimed New York International Auto Show.
The Lithium Carbon Fiber Super Car Model is estimated to retail at approximately $124,900.

Arthur E.
Allen, President of Mullen Motors, stated “As a manufacturer of a precision automobile we are always forward
thinking in respect to automotive technology”. He also stated, “This relationship with Hybrid Technologies is
a wonderful collaboration of design, technology and foresight. We are pleased to be the automobile manufacturer of
choice for Hybrid Technologies and I personally am excited to see this new lithium Super Car on the street.”


Hybrid Technologies development and production of the new Hybrid Super Car will take place at Hybrids new vehicle
manufacturing facility in Mooresville, NC. The plant opening was covered by media nationally.