Global Green Cars and Green Star Showcase New 2010 Electric Vehicle As Raceway Pace Car
31 August 2009 - 6:45PM
Business Wire
Green Star Products, Inc. (OTC:GSPI) and Global Green Cars, Inc.
(GGCI) introduced their G-3 plug-in electric pickup truck by
working as the lead pace car at Rocky Mountain Raceway Saturday,
August 29th in West Valley City, Utah.
This was the first time an electric vehicle has paced a
sanctioned competition at the raceway with local media covering the
event. Starting all the heats and the main event races at speeds of
about 50 mph, the G-3 handled the sharp corners of the quarter-mile
track and accelerated strongly over a three-hour period without
recharging.
“Americans have a love affair with their automobiles.
Introducing an electric pickup truck by pacing a high-speed auto
race shows that this truck will keep up with any traffic
situation,” GGCI president Brooks Agnew stated.
The truck has a working payload of 1,000 pounds and can
comfortably seat two adult Americans in its expanded club cab and
has a top speed of over 85 mph. The average driver should obtain a
range of 100 miles between charges, and spend about $1 dollar to
fully recharge the advanced battery (nickel-based) technology.
The 2010 model vehicles are scheduled to be crash tested
starting January 2nd, 2010, far ahead of its competitors in
Detroit. In late Spring or early Summer 2010, GGCI plans to start
production of the 2010 vehicle models. Starting prices for the 2010
Electric Delivery Mini-Truck are in the range of $25,000 dollars,
which are far below any anticipated prices of competitors. The
sticker price does not take into account significant rebates from
the Federal Government and several States, which could bring the
final price below $20,000 dollars. Seventy percent (70%) of the
labor and materials are American, making the G-3 the most
American-made small pickup truck in the nation.
It is also interesting to note that the final main event at
Rocky Mountain Raceways was won by race car No. 41 Maverick
Modified driven by Michael Haddenham using Green Star's TVT
Advanced Engine Lubrication Additive in its engine. The No. 41 Team
is nicknamed the “Green Team.”
See video and pictures at http://www.greenstarusa.com and
http://www.globalgreencars.com. Also see press release dated August
27, 2009 titled “Global Green Cars and Green Star to Showcase New
2010 Electric Vehicles with Free Public Test Drive Demos Across the
Nation” for additional details about the G-3 vehicle.
GGCI plans to showcase this vehicle across the United States in
coming weeks to demonstrate its range performance abilities. Next
stop, State of Kentucky.
About Global Green Cars
Global Green Cars (GGCI) is a private company with an
International Automobile Consortium of auto industry partners, part
suppliers, and electric vehicle component suppliers that have
strategic plans for mass production of high performance electric
vehicles in the United States and abroad. Green Star Products is a
strategic alliance partner providing engineering and technology to
the GGCI Consortium.
About Green Star Products
Green Star Products, Inc. (OTC: GSPI) is an environmentally
friendly company dedicated to creating innovative cost-effective
products to improve the quality of life and clean up the
environment. Green Star Products and its Consortium are involved in
the production of green sustainable goods including renewable
resources like algae biodiesel and clean-burning biofuels,
cellulosic ethanol and other products, as well as lubricants,
additives and devices that reduce emissions and improve fuel
economy in vehicles, machinery and power plants. For more
information, see Green Star Products' Web site at
http://www.GreenStarUSA.com, or call Public Relations at
1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email
info@GreenStarUSA.com. Information about trading prices and volume
can be obtained at several Internet sites, including
http://www.bloomberg.com and http://www.bigcharts.com under the
ticker symbol "GSPI".
Forward-looking statements in the release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition for the company, new
products and technological changes, the company's dependence on
third-party suppliers, and other risks detailed from time to time
in the company's periodic filings with the Securities and Exchange
Commission.
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