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HPEV Receives Notice of Allowance of New Patent
Tuesday, February 28, 2012
Las Vegas, NV -- HPEV, Inc. (otcqb:BIBB) (pinksheets:BIBB) received a Notice of Allowance for its latest patent application: a totally enclosed heat pipe which can be incorporated into the molding or manufacturing process as opposed to being added on after the fact. The company will be awarded the patent rights when it pays the necessary fees.
The new patent will become the third assigned to HPEV, Inc. and increase the company's intellectual property portfolio to 13 patents or patents-pending with two others remaining to be assigned.
Tested and validated by an independent third party, HPEV's technology can enable motors to be manufactured smaller and more efficiently as well as to run cooler while consuming less power and energy. The cooler a motor runs, the longer it's likely to last.
"Totally Enclosed Heat Piped Cooled (TEHPC) motors have the potential to radically transform the motor and generator industry by reducing the size and cost to manufacture of almost every motor in the $90 billion global industry," said HPEV Co-Founder and Chairman, Tim Hassett. "Right now, manufacturers can gain a valuable competitive advantage by incorporating the technology into their existing platforms or manufacturing lines."
HPEV's thermal technology enables motors to run 25 to 50% more efficiently than other motors of the same size and design. As almost half of all electricity produced worldwide is consumed by motors and generators, the potential benefits are immense and the environmental impact cannot be overstated.
"We're talking about doable technologies that are available today, not pie-in-the-sky unobtainium," said Hassett. "Plus, the massive increase in motor efficiency can also help manufacturers surpass new US and EU regulatory standards set to go into effect for 2013 and 2015."
Industry leaders that could benefit from this and other intellectual properties owned by HPEV include: General Electric, Emerson, TECO-Westinghouse Motor Company, ABB, Toshiba, and Regal Beloit. They produce motors and generators used in the pump; fan; compressor; electric, hybrid and off- highway vehicle as well as underground mining markets.
About HPEV, Inc.
HPEV is a wholly-owned subsidiary of Z3 Enterprises, Inc. HPEV technologies enable the conversion of existing vehicles into plug-in hybrid electric vehicles. HPEV's composite heat pipes quickly transfer thermal energy in any direction, even against the pull of gravity. www.hpevinc.com.
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.
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