Genovation Cars Begins Production of G-Vette Electric Sports Car Model

ROCKVILLE, Md., Sept. 16, 2010; Genovation Cars Inc. (www.genovationcars.com), a Maryland designer and builder of environmentally friendly automobiles, announced it has begun building a prototype of its newest electric automobile, the G-Vette. The prototype will be built on the all-aluminum light-weight frame of a legendary sports car. The frame was donated by a tier one auto industry parts supplier.

The G-Vette will feature a special ultra light weight carbon fiber body constructed using a soy based resin. It will incorporate Genovation's research and development experience that went into its G1 model --- an electric conversion of a Ford Focus --- which included the installation of an electric motor, battery string, battery management system, safety system, HVAC, controller, and instrumentation.

"We are very pleased to be taking the development of an efficient and reliable electric sports car to the next level," said Andrew Saul, Genovation Cars CEO. "We're quite sure there is an eager market for vehicles of this type."

According to Mr. Saul, once the prototype is complete and proven to be operational, the long term goal is to create interest from a major automobile manufacturer and enter into a long term mutually beneficial relationship.

Genovation was founded in 2007 by Mr. Saul. Other top company executives include Robert Irby, senior executive for manufacturing and operations, and Steven Rogers, president and chief technology officer.

In addition, Genovation also recently selected Tata Technologies, the Dana Corporation and Metalsa S.A. de C.V. to design and prototype the G2 model (the successor to the G1), and contracted with American Dynamics Flight Systems to perform the Computational Fluid Dynamics (CFD) analysis of the car.

Genovation plans to differentiate itself from its competition by better understanding and anticipating the requirements of its clientele; be it the suburban family concerned about spikes in the future cost of gas, green-conscious state/local government agencies, or corporations desiring a fleet of green electric cars.