Phoenix Motorcars to Fulfill Orders with New Technology

Ontario, Calif., November 2, 2007 - Through new efficiencies provided by new motor technology and the use of composite components, Ontario-based , Phoenix Motorcars announces that it is on the road to producing over 500 Phoenix Sport Utility Trucks (SUTs) featuring more compact packaging of the Altairnano (NASDAQ: ALTI) NanosafeTM battery than originally projected.

"We are excited to provide our customers with a robust full-performance electric vehicle that truly provides a zero compromise solution to their needs," said Daniel J. Elliott, CEO of Phoenix Motorcars. "We continue to be thrilled with the NanosafeTM battery and look forward to providing a top-notch SUT to our loyal customers."

With a peak power output of 200 kW and low manufacturing cost process, this new motor technology will allow the Phoenix SUT to achieve superior power output, a lighter overall vehicle weight and a reduced drive system size. The extensive use of composite structural and non-structural components will allow the Phoenix SUT's overall weight to be reduced even further while simultaneously offering improved ground clearance.

Phoenix Motorcars has taken orders for over 500 fleet-ready vehicles for delivery beginning in early 2008 to premier fleet companies such as Pacific Gas & Electric, City of Santa Monica, County of San Bernardino, County of Orange and many others.

Phoenix's advanced battery-electric, zero-emission SUT can travel at freeway-speeds while carrying five passengers and a full payload. The vehicle exceeds all specifications for a Type III ZEV. Having a driving range of over 100 miles, it is equipped with a non-toxic, revolutionary Altairnano (NASDAQ: ALTI) NanosafeTM lithium-titinate battery, which can be recharged in less than 10 minutes and has a battery pack with a life of greater than 250,000 miles.

ABOUT PHOENIX MOTORCARS, INC.
Phoenix Motorcars Inc., a privately-held company headquartered in Ontario, Calif., has been an industry leader in the development of battery-electric, freeway-speed vehicles since 2001. The mission of Phoenix Motorcars is to manufacture zero-emission vehicles including Sport Utility Trucks and Sport Utility Vehicles to reduce the toxic emissions from the largest contributor to air pollution, personal automobiles. For more information, visit www.PhoenixMotorcars.com

For photos, background information and fact sheets, visit the Phoenix Motorcars Media Room.

Source: Phoenix Motorcars

Bookmark/Search this post with:

 •    •    •    •    •    •    •    •    •    •