EVDRIVE ELECTRIC VEHICLE TECHNOLOGIES

Driven by the enormous challenge of reducing oil dependence in U.S. transportation, EVDrive is a disruptive energy technology solution company focused on transportation. EVDrive observed two main problems with commercial fleets: Commercial fleet vehicles, like city transit buses with ever increasing heavy electrical loads, use out-dated battery technology & no controls to manage power usage and delivery. Secondly, hybrid vehicle technology was not available at a price that could trigge... r mass adoption by Commercial fleets that use the most fuel & could gain the most from the technology. Yes, brand new hybrid commercial vehicles are available today, but are dramatically over-priced for the reduced operation costs they deliver. In addition, EVDrive realized that vehicle turnover in fleets is measured in decades & that to make a real near-term impact, hybrid technology would have to be applicable (retrofits/conversions) to in service vehicles already on the road as well as new vehicles entering the fleet. The ability to make existing vehicles more efficient & to accelerate the adoption of new technology in less time than the typical 5 year (or longer) automotive product development cycle is a game-changer. Battery, motor, power electronics, & control technology have been rapidly improving, creating an opportunity for a small technology company to design solutions to these 2 related problems. In addition, mass-produced lower cost electric motor technology from related small vehicle fields has unique opportunities when applied properly to hybrid retrofit powertrain solutions. PRIMARY MARKET: Company designs & develops Electric drivetrain upgrades that increase MPG for commercial fleet vehicles that have short ROI and low operational risk to vehicle owners. See slides @ http://gust.com/c/evdrive that summarize the Commercial Fleet Systems product line. Secondary markets are: 1 - "near-oem-quality" complete battery-only liquid-cooled electric drivetrains for Commercial Fleet trucks & high performance speciality vehicles 2 - electric & hybrid electric powertrain conversion kits for powersports vehicles such as off-road & street motorcycles & UTVs Company's technology is developed & offered in 3 levels: Superior high performance components, sub-systems and complete drivetrains for a wide range of vehicles and applications.More