EDITORS' NOTE: Extreme Hybrid prototypes and further details of today'snews will be available to the media in Los Angeles, CA, at 10:30 a.m. today,Tuesday, November 18, at 1500 S. Figueroa Street, Los Angeles, 90015 acrossfrom the Los Angeles Convention Center. To arrange interviews or videocoverage contact Tim Kent at 310-409-3861.

Selection of the car maker, factory and SUV models into which AFSTrinity's breakthrough technology will be incorporated would be conducted byAFS Trinity with the support of Ricardo, Inc, the world's leading automotiveengineering firm and a preferred supplier of AFS Trinity. Ricardo will also,acting as a subcontractor to AFS Trinity, assist with technology transfer andintegration of the redesign, retooling and retraining programs to be conductedin cooperation with the car maker whose manufacturing assets will be utilizedin the program.

Ricardo estimates that about 80% of the $2.5 billion will be paid undersubcontract to the American carmaker, which would continue to operate thefacility once it is retooled to incorporate Extreme Hybrid technology licensedfrom AFS Trinity.

AFS Trinity CEO Edward W. Furia said, "AFS Trinity has the technology tomake possible cars, trucks and SUVs that people want, but AFS Trinity is atechnology developer, not a manufacturer. On the other hand, the Americanauto industry has skilled and experienced auto workers and sophisticatedmanufacturing. By infusing AFS Trinity technology into existing, but recentlyunder-employed American SUV plants, new plug in hybrid SUV models can be builtthat will leapfrog world competition. These models will not only be attractivebecause of their extreme fuel efficiency and low emission benefits, usuallyabsent in an SUV, but also because Extreme Hybrid SUV's will provide consumersthe size, comfort and performance that first attracted consumers.

David Shemmans, CEO of Ricardo, said, "We are confident that all threemajor American carmakers have SUV production facilities that are well suitedto retooling for production of Extreme Hybrid SUVs. We believe that of theseexisting plants several would be candidates that can be retooled to annuallyproduce 100,000 to 150,000 Extreme Hybrid SUVs within a few years of the onsetof production. For Ricardo, I can say we are very excited about being part ofthis historic transformation."

Furia said, "Tens of thousands of consumers have expressed a desire to buythe Extreme Hybrids since two prototypes were first unveiled at the NorthAmerican International Auto Show in Detroit last January."

The prototypes have been exhibited and demonstrated across America overthe last 10 months, including drives by Members of Congress, Senators,Governors and operators of America's largest automotive fleets. The CBSEvening News sent a crew to South Carolina to cover the first road tests ofthe XH150 SUV prototype, and said "the technology tucked inside the ExtremeHybrid is revolutionary." CNN covered the arrival of the prototype in Detroitsuggesting it might be " ... the car of the future."

Furia said that all three American carmakers have current models that arecandidates to be redesigned as Extreme Hybrids and they have factories wherethey can be built. The Saturn Vue Greenline mid-size SUV was used as aplatform by AFS Trinity in creating the first two 150 mpg prototypes, but theExtreme Hybrid technology can be used with a variety of models from anycarmaker. The Saturn Vues were purchased directly off the showroom floor ofGM Saturn dealerships, but GM, itself, was not involved in the Extreme Hybriddevelopment program in any way.

Furia said about $2 billion of the total $2.5 Billion loan will used topay whichever carmaker is selected by AFS Trinity and Ricardo to retool theirplant and train their employees who will manufacture and market the firstproduction vehicles. The remaining $500 million would be used by AFS Trinityand Ricardo for technology transfer and support of engineering for modelredesign and retooling.

Comparative battery system test results

Yesterday, AFS Trinity reported results of a ten month battery testingprogram delivered to AFS Trinity November 7, 2008, from an independentscientific laboratory that evaluated the comparative durability of lithium ionbatteries used alone or, as in the AFS Trinity dual energy storage system,coupled with ultracapacitors and subjected to typical plugin hybrid vehiclecurrent demands. The outcome of the tests was that the battery/ultracapcombination was 6 times as durable as the same lithium ion battery used alone.Furia said, "These tests demonstrated that our battery/ultracap combinationsurvived the equivalent of 150,000 miles of continuous use in a plug in hybridduty cycle compared to only 25,000 miles durability of the same batteries whenused alone."

Battery tests were conducted by America's leading independent batterytesting laboratory, Mobile Power Solutions of Beaverton, Oregon.

"However," Furia said, "AFS Trinity does not rule out the possibility thatmore durable cost effective batteries could be invented that could be usedalone and which might be sufficient to handle the duty cycle of a PHEV.However, no such battery, of which AFS Trinity is aware, currently exists."

Ricardo CEO David Shemmans, said, "Batteries are the single most expensivepart of an electric vehicle or plug-in hybrid EV. From a cost standpoint,replacing the batteries is analogous to replacing the engine in an internalcombustion-only car. Replacing the battery after they are used for only 25,000miles, which could occur in just over 18 months in an average Americandriver's car, would make plug-ins impractical. A plug in hybrid with an energystorage system that can survive 150,000 miles of driving is an enormousadvantage and a potential economic game changer."

Optimum use of America's automotive infrastructure

Andrew Chien, President of Ricardo's North American Strategic ConsultingOperations, addressed the feasibility of the AFS Trinity $2.5 Billion "GreenRetooling" program:

"AFS Trinity, has, in important respects, already done the heavy liftingof developing the Extreme Hybrid System, deploying it in fully operationalprototypes, and subjecting its key elements to scientific analysis and review.It works."

Chien said, "The $25B 'Green Retooling' program was setup to helpcompanies like AFS Trinity make the leap from developing prototype Greentechnologies to deploying them into commercially viable vehicles that theaverage American consumer can buy. The $2.5 billion that AFS Trinity willseek from DOE is essential to fully developing this technology and launch itinto mass production. I'm confident that the funding will be sufficient toallow AFS Trinity and its partners to both fully commercialize the technologyas well as retool an existing U.S. assembly plant and retrain its personnel toproduce Extreme Hybrid vehicles in volume."

Furia said the AFS Trinity plan makes the best use of American assets."AFS Trinity has a technology that makes possible cars, trucks and SUVs thatare superior to anything now available in the U.S. or anywhere in the world,but AFS Trinity does not possess manufacturing, plants, equipment or theskilled labor who operate them. The American car industry has themanufacturing infrastructure to build Extreme Hybrids now and the skilled autoworkers to build them. If the government will use part of the auto industry"green retooling" funds already approved by Congress to redesign and retoolfor production of Extreme Hybrids under the AFS Trinity plan or under analternative plan from a manufacturer that would employ AFS Trinity technology,a factory being closed in Michigan, Ohio, Wisconsin or another state, could bere-opened and its employees returned to work."

XH150 performance

Describing the prototypes, Furia said AFS Trinity's XH150 is not only aroomy SUV but "a fully operational Extreme Hybrid(TM) that can go at least 40miles without burning a drop of gasoline in the electric vehicle mode with atop EV speed of 87 MPH. . . . and from zero to 60 in 11.6 seconds in allelectric mode and 6.9 seconds in full hybrid mode. After 40 miles as anelectric vehicle the Extreme Hybrid automatically converts to gas."

Calculating mileage

Furia explained, "As the U.S. EPA is still in the process of determininghow it will calculate fuel economy of electric vehicles (EV) or plug in hybridelectric vehicles (PHEV), no EV or PHEV has yet received an EPA certificationof mileage, including AFS Trinity's XH150. Eventually, EPA will issueguidelines regarding EV and PHEV mileage which are expected to translatekilowatt hours consumed per hundred miles to the more familiar mile per gallonunits. The Department of Energy is also using an adjustment factor for suchcalculations that take into account not only energy content but also scarcityof fuel and reduction and distribution efficiency, which will yield even moreimpressive mileage figures."

He said, "No matter how EPA resolves the question about how mileage willbe calculated for EVs and PHEVs, a vehicle such as the XH150, which can travel40 miles per day and 280 per week without burning a drop of gasoline, willachieve fuel economy previously unheard of in any passenger vehicle, let alonea 5 passenger SUV. Therefore, until the dust clears regarding new EPA mileagecertification methodology, for the time being AFS Trinity will use its owncalculation that estimates the amount of gasoline that would be consumed by atypical American driver using her vehicle in a typical week of driving 320miles."

Furia said, "Since, according to the Bureau of Transportation Statisticsof the US DOT, over 78% of Americans drive less than 40 miles a day, in thiscar they would burn zero gasoline on most days. On weekends, they might drivetwice that far on one day, 80 miles, half of which would use gasoline. Evenassuming a heavily laden vehicle and an aggressive driver, the gasolineconsumed in a week would still only be 2 gallons. Thus, based on a total of320 miles per week, fuel economy will average over 160 miles per gallon, whichwe round down to 150 mpg. No additional new technology is needed to achievethese results. The AFS Trinity technology is ready to be immediatelyintegrated into vehicles that could be mass produced."

About AFS Trinity and Ricardo

AFS Trinity develops Fast Energy Storage(TM) for vehicular, spacecraft andstationary power systems utilizing batteries, ultracapacitors, and flywheels.The Company has conducted programs with private and government organizationsincluding DARPA, NASA, the U.S. Navy, U.S. Army, U.S. DOT, California EnergyCommission, Oak Ridge National Laboratories, Lawrence Livermore National Labs,Lockheed, Honeywell, Mercedes and Ricardo. AFS Trinity's patent-pendingExtreme Hybrid(TM) drive train utilizes ultra-capacitors, batteries andproprietary power and control electronics for plug in hybrid electric vehicles(PHEVs). Ricardo, the world's leading independent automotive engineering firm,with over 1900 engineers in facilities around the world, has assisted AFSTrinity in building the first XH-150 prototypes and is a preferred supplier toAFS Trinity for drive train integration support. For more information visithttp://www.afstrinity.com and http://www.ricardo.com.

Some statements in this news release are forward-looking. These statementsmay be identified by the use of words such as "will," "expects," "believes,""targets," "intends," and words of similar import. Actual results may varydepending on circumstances both within and outside the control of the Companyincluding market acceptance of products, technology development cycles andother risk factors. AFS Trinity Power Corporation takes no responsibility forupdating any forward-looking statements made in this release.

Extreme Hybrid(TM), ExtremeFleet(TM), XH(TM), XH-150(TM), XH-250(TM), FastEnergy(TM), Fast Energy Storage(TM), Just Plug It In(TM), Powered by FastEnergy(TM) are trademarks pending of AFS Trinity Power Corporation. PatentsPending. All Rights Reserved.

(C) 2008 AFS Trinity Power Corporation

SOURCE AFS Trinity Power Corporation