(Wesley Chapel, FL: May 30, 2013) HPEV, Inc. (OTCQB:WARM), an innovator in energy efficiency and thermal dispersion technologies, has entered into an agreement with an undisclosed leader in industrial manufacturing.
HPEV entered into a Memorandum of Understanding (“MOU”), the objective of which is to integrate HPEV’s proprietary heat removal technology into the customer’s family of power generation products.
Timothy Hassett, HPEV’s CEO commented, “This agreement is a significant step forward in HPEV’s commercialization of its thermal dispersion technologies and in the Company’s foray into a multi-billion dollar market.”
About HPEV, Inc.
HPEV, Inc. (OTC: WARM) is an intellectual property and product development company in the energy efficiency industry. Our expertise and patents concentrate on thermal dispersion technologies and their application to various product platforms including electric motors and generators, pumps and compressors, the alternative energy market, bearings, brakes and calipers, turbines and almost any rotating piece of equipment.
Safe Harbor Statement.
This release contains 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 plans and expectations of management and are subject to uncertainties and risks that could affect the company’s plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company’s business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.