Hybrid Technologies, Inc. (OTCBB: HYBT) Untited States President George W. Bush, Acknowledges Hybrid's NYC Taxi Project at State of Economy Speech in New York.
WASHINGTON, DC and NEW YORK, NY -- (MARKET WIRE) -- February 05, 2007 -- Hybrid Technologies, Inc. (OTCBB: HYBT) www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium powered products worldwide, are honored to note that as part of President George W. Bush's State of The Economy speech on January 31st, 2007 in New York City, Hybrid's lithium ion taxi project was mentioned as part of the President's inspired comments on advanced technology corporations.

President Bush said: "Imagine what these technologies will mean for somebody living in New York. The fuel in your car is going to come from a corn field in Iowa or perhaps switchgrass out of Texas. Hybrid electric taxi cabs will be running on new generation lithium ion batteries. The financial pages will be filled with new stock symbols for dynamic American companies in the growing field of alternative fuels."

Click here to view the detail press release: www.hybridtechnologies.com/media.php?mediaID=070205

Click here to hear clip of President Bush's Address: www.hybridtechnologies.com/media/070205.wav

The Hybrid Technologies lithium ion taxi has been delivered to New York City and will represent the first all lithium taxi in the world. Hybrid Technologies, working under a Space Act Agreement with NASA, developed and tested the advanced lithium ion system. The development of the lithium taxi produced impressive feedback from international media and is expected to encourage the addition of electric vehicles into federal and civil fleets across the United States and around the world.

Hybrid Technologies has scheduled an event to present the NYC taxi to the general public and will address the need for further government support in the area of fleet replacement and sustainable zero emission vehicles.

About Hybrid Technologies: www.hybridtechnologies.com

Forward-Looking Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.