SSC Green Submits Grant Application To Expand Production Facilities

WEST RICHLAND, WA (06/18/2009)

SSC Green, Inc. Submits Grant to Expand Production Line, Produce Enough Electric Powertrains to Satisfy 26% of President Obama's Goal to have One Million EV's on the Road by 2015.

SSC Green today announced it has submitted plans for approximately $30 million to the Department of Energy's Electric Drive Vehicle Battery and Component Manufacturing Initiative (FOA DE-FOA-0000026) to fund its current manufacturing facilities expansion plan. Working with Sheffield International Finance Corporation who procurred the matching funds committment agreements, SSC Green and its partners would contribute half the funds with the Department of Energy contributing the remaining funds. The expansion would produce enough All-Electric Scalable Powertrains (AESP) to power 260,000 vehicles, 26% of President Obama's goal to have one million EV's on the road by 2015.

SSC Green's AESP is the final product of a revolutionary concept; a cost effective, mass-producible powertrain compact and power dense enough to fit a wide variety of applications. Each electric motor is power dense, weighing only 175 lbs, less than 1 cubic foot in volume with output of up to 500 hp, and scalable in single motor (100 hp – 500 hp) and twin motor (501 hp – 1000 hp) configurations. The physical size of the motor and controller remain the same for every application allowing for cost effective mass-production and ease of implementation. Computer programming alone, instead of costly re-tooling, scales the power output of the electric motors.

"A unique mindset and approach to innovating groundbreaking technology is a fundamental necessity in order to be a viable entity in the supercar market. Being the producer of the world's benchmark supercar it was logical to broaden SSC's scope to developing cutting edge Green technologies," said Jerod Shelby, President/CEO of SSC Green. "The philosophical and problem solving synergies between the Green and supercar markets are strikingly identical and have led us to the next breakthrough in automotive technology."

Major outcomes of the expansion to mass produce SSC Green's All-Electric Scalable Powertrain (AESP) include the creation of domestic jobs (70 immediate construction, 203 direct, and 12,000 indirect) and rapidly bringing to market a revolutionary technology to combat the downfalls of petroleum-based fuels (cost, foreign dependency, environmental impact). Additionally, SSC Green is sourcing raw materials and sub components for its exclusively US based AESP production from American suppliers, further stimulating all relevant industries. SSC Green's approach allows mass production of the AESP to begin 18 months from the project start date. By 2015, SSC Green will produce enough AESPs to power 260,000 vehicles, 26% of President Obama's goal to have one million EV's on the road by 2015. Additionally, SSC Green has received an overwhelming amount of broad bipartisan senate and congressional support from DC.

Another visionary concept is SSC's approach to utilizing battery technology. Battery technology is constantly changing, and to date manufacturers design their EVs around a specific battery technology. In this accelerated field, sooner than later, battery technology changes and EVs dependent on their technology along with their powertrains become dated. Engineered and designed to incorporate batteries as the technology evolves allows the AESP's design to remain effective and cutting edge over a long period.

SSC's electric powertrain does not require a new platform; it allows for simple implementation into current vehicles and applications. The logical and adaptable design allows mass manufacturers to cost effectively implement the AESP into multiple assembly lines and produce efficient electric vehicles immediately, without the long-term development of new models.

Overwhelming domestic and international response has recognized SSC Green's AESP as a revolutionary innovation. Inquiries for AESP purchase range from major US manufactures of various vehicles (RVs to SUVs). Equally important, SSC already has contracts to export the AESP to Japanese auto manufacturers, Chinese auto manufacturers, national and international government subsidized mass transit, and Hong Kong manufacturing plants, helping to draw foreign money back into the US.

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