WESLEY CHAPEL, FL--(Marketwired - May 30, 2013) - HPEV, Inc. (
The objective of the Memorandum of Understanding ("MOU") is to integrate HPEV's proprietary heat removal technology into the customer's family of power generation products.
Timothy Hassett, HPEV's CEO, noted, "This agreement marks another significant step forward in HPEV's commercialization of its thermal dispersion technologies. Last week, we entered the electric motors and pumps market. This week, it's another multi-billion dollar market: power generation. This means that HPEV's combined addressable market has now expanded to over $100 billion."
About HPEV, Inc.
HPEV, Inc. (
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.
For HPEV Inc. Inquiries Contact: ir@hpevinc.com or Capital Group Communications, Inc. Mark Gundy 972-240-1873 Mark Bernhard 415-332-7200